| LLC | Free Zone Company | LLP | Branch Office | Rep Office | |
|---|---|---|---|---|---|
| Local Name | Limited Company | SEZ company | Limited Liability Partnership | Branch | Representative Office |
| Company Setup Time | 15 days | 10 days | 20 days | 20 days | 20 days |
| Bank Account Opening | 20 days | 20 days | 20 days | 20 days | 20 days |
| Government Grants Available | Yes | Yes | Yes | No | No |
| Government Contracts Bidding | Yes | Yes | Yes | No | No |
| Limited Liability | Yes | Yes | Yes | No | No |
| Client Required to Travel | No | No | No | No | No |
| Inquiry | Inquiry | Inquiry | Inquiry | Inquiry |
Corporate Structure Explained
Laos Limited Liability Company (LLC)
- The minimum share capital is USD 1. Depending on the investment, it may be required to pay at least USD 125,000 in share capital. Some industries are restricted, they include construction, fisheries, accommodation and the restauration sector.
- Companies with a capital of more than USD 620,000 must appoint a board of directors and an auditor. A reserve equal to 10% of the annual net profits must be available.
Laos Public Limited Company (PLC)
- If the company is owned locally, a minimum capital of USD 6, 100 is required. The minimum share capital increases to USD 125,000 if foreigners hold shares. A minimum of three directors, seven shareholders, and one worker representative must be appointed.
Laos Branch Office
- The scope of this type of firm is defined by the parent company. The branch must have an independent local bank account and management team.
- It is only possible to incorporate branches of foreign holding companies in specific sectors, including financial institutions, airline companies, foreign banks and insurance companies.
Laos Representative Office
- This type of entity is not allowed to make direct sales. This entity is allowed to conduct market research and to promote the parent company’s business.