the Investment Promotion Law
投资促进法（修订版）
ກົດໝາຍ ວ່າດ້ວຍການສົ່ງເສີມການລົງທຶນ (ສະບັບປັບປຸງ)
Summary
This Law stipulates the fundamental principles and measures for investment promotion, aiming to promote economic and social development by encouraging, facilitating, and protecting domestic and foreign investment. This Law applies to all types of investment activities, specifies the scope, conditions, and preferential treatment of investment promotion, and regulates the duties and procedures of relevant competent authorities, so as to create a transparent and fair investment environment.
Articles
Article ມາດຕາ 1
Article 1 (Amended). Purpose
This Law stipulates principles, regulations, and measures concerning the promotion and management of domestic and foreign investment, to make investment convenient, swift, transparent, standardized, and protected, aiming to develop the national socio-economy.
Article ມາດຕາ 2
Article 2 (Amended). Investment Promotion
Investment promotion refers to the formulation of promotional policies, the creation of an environment, and the provision of all favorable conditions to enable investors to conduct business conveniently and swiftly.
Article ມາດຕາ 3
Article 3 (Amended). Interpretation of Terms
The terms used in this Law shall have the following meanings: 1. Investment: means the contribution of capital, tangible and intangible assets by an investor to conduct business operations in Laos or abroad; 2. Investor: means an individual, legal entity, or organization that makes an investment.
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