Tentmaker Reports

Lao PDR Report

Entrepreneurial Missions Index

44

General Information

Population

6,200,894 (99th most populous country in the world)

RELIGIONS
Buddhist67.0%
Christian1.5%
Other and Unspecified31.5%
LANGUAGES
Lao
French
English
Ethnic Languages

Industries

Copper, tin, gold, and gypsum mining, timber, electric power, agricultural processing, construction, garments, cement, tourism

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about Lao PDR, visit https://www.cia.gov/library/publications/the-world-factbook/geos/la.html.

Business Information

The World Bank ranks Lao PDR as 163 out of 183 economies in terms of ease of doing business. The country ranks as 0 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in Lao PDR.

In order to start a business in Lao PDR, one must follow these procedures:

  1. Apply for a Name Reservation Certificate
  2. Apply for a Domestic Investment License and Approval of Articles of Association
  3. Apply for an Enterprise Registration Certificate
  4. Apply for a Tax Registration Certificate
  5. Obtain Approval of Company Sign
  6. Apply for approval and carve a company seal
  7. Register the workers for social security

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in Lao PDR, visit http://www.doingbusiness.org/.

 

To learn more...

 

Lao PDR Economic Freedom

The World Economic Forum (WEF) was founded in 1971 by Klaus Martin Schwab at the University of Geneva in Switzerland.  It is a non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss both economic and social issues facing the world.  The WEF also serves as a think tank, and publishes a wide range of reports focusing on issues of concern and importance to Forum communities. In particular, Strategic Insight Teams focus on producing reports of relevance in the fields of competitiveness, global risks and scenario thinking.  The Global Competitiveness Report measures competitiveness of countries and economic competitiveness among a wide range of factors such as corruption, tax rates, work ethic, and many others.
 

Lao PDR Summary

 

1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project

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