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Business Investment Laos News

Laos Mandates Licensing for Commercial Land

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To help regulate land-related businesses and tax management, the Lao government has introduced a ban on issuing land titles to buyers acquiring land use rights for commercial purposes without the needed licenses from the natural resources and environment sector.

The directive was issued by the Department of Land under the Ministry of Natural Resources and Environment on 10 May.

As per Article 5 of the Land Business Agreement, individuals, legal entities, or organizations intending to partake in land-related businesses must register their projects with an enterprise registration official and secure a license from the natural resources and environment sector.

The Land Department notes that a significant number of individuals and entities involved in such businesses have been operating without the required licenses.

Read this news by clicking HERE.

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