
Written Paper
Streamlining business registration in Lao PDR : reducing the burden of the company seal
Gonzalez Flavell,Sara; MPDF - Phnom Penh (CEAMP) [Corporate Author]
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Lao PDR requires all companies to have a company seal. This part of the registration process accounts for a significant amount of the time needed for starting up a new business. According to World Bank's latest doing business study, the time required to obtain a company seal in Lao PDR accounts for 45 of the total of 103 days needed to start a business, which is prohibitively long. This business issues bulletin discusses the current requirement in Lao PDR for obtaining a company seal and provides practical recommendations for improvement based on international best practices. As the time needed to start a new business in Lao PDR is long relative to its neighbors, reducing the burden of this cumbersome and largely unnecessary step will streamline business entry and enhance investment.