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Streamlining business startup through effective implementation of the Enterprise Law (Laotian)

The Enterprise Law and its implementing regulations are important steps for facilitating business in Lao PDR. The other laws and regulations related to startup of businesses besides the Enterprise Law need similar provisions to ensure that businesses are able to startup freely. At the same time, the whole population of investment and sectoral regulations that affect business startup need to be reviewed to determine which steps and requirements are still necessary and which steps and requirements can be combined or eliminated. Some of the steps and requirements that are still necessary can be made less burdensome by being made subject to verification after a business is up and running rather than before it starts up. With clear startup provisions and a regulatory review process, the burden of business regulation can be reduced. That reduction should result in more businesses starting up and being more successful.

Details

  • Document Date

    2007/03/01

  • Document Type

    Brief

  • Report Number

    40853

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Lao People's Democratic Republic,

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2010/07/01

  • Disclosure Status

    Disclosed

  • Doc Name

    Streamlining business startup through effective implementation of the Enterprise Law

  • Keywords

    access to credit, administrative burden, business activities, business activity, Business Center, Business Community, business environment, BUSINESS INFORMATION, business networks, business registration, business regulation, business regulations, business sectors, Business Startup, business success, businesses, capital requirement, capital requirements, Certificate, CHAMBER OF COMMERCE, cultural norms, Economic Activities, Enterprise Promotion, enterprise registration, entrepreneurs, exploitation, Foreign Investment, good practice, Harmonization, information sharing, inspections, International Finance, legal framework, license, licenses, Manufacturing, material, Medium Enterprise, natural resources, networks, new businesses, PRIVATE SECTOR, PRIVATE SECTOR DEVELOPMENT, registration process, registration system, registry, regulatory licenses, result, Social Security, tax identification number, verification

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Citation

Streamlining business startup through effective implementation of the Enterprise Law (Laotian). Business issues bulletin Lao PDR ; No. 4 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/103221468045032800/Streamlining-business-startup-through-effective-implementation-of-the-Enterprise-Law