Lao

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Procedure NameProcedure to request for Import/Export License of Gold Bar
Description

Law on Foreign Currency Administration No. 55/NA, dated 22 December 2014, and Instruction on implementing the Presidential Decree on Foreign Currencies and Precious Metals Management No. 01/BOL, dated 02 April 2010 specify general principles on import and export business of internationally payable gold (gold bar).

Specific regulation that governs the import and export of gold bar is Regulation on Establishment and Management the Company to Export and Import Precious Metals No. 01/BOL, dated 15 May 2007 and Decision on Procedures for Importation and Exportation of Gold Bars No. 609/BOL dated 26 June 2012.

Note: In order to provide a comprehensive explanation, we classify procedure into colors as followings:

-       Blue Area: Action conducted by importer;
-       Green Area: Action conducted by Import Authority;
-       Yellow Area: Required documents;
-       Pink Area: Import License.

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1.             To request for Import/Export License of Gold Bar, importer/exporter shall prepare following documents:

-           Request Letter (General format)
-           Import License Application (download here)/ Export License Application (download here)
-           A copy of Enterprise Registration
-           A copy of Import -Export of Gold Business Permission
-           A copy of Annual Tax Payment Certificate
-           A copy of Invoice
-           A copy of Packing List

2.             Importer/exporter submits all mentioned documents above at Foreign Exchange Management Division, Department of Monetary Policy, Bank of Lao PDR (BOL).

3.             Department of Monetary Policy, Bank of Lao PDR (BOL) considers the request to issue “Import/Export License” within 03 working days.

4.             Importer/Exporter pay fee 15,000 Kips at Department of Currency Issuing, Bank of Lao PDR (BOL). After that, submit the receipt to Foreign Exchange Management Division, Department of Monetary Policy to obtain Import/Export License of Gold Bar.

5.             Import/Export License of Gold Bar (see sample here)

6.             When obtain Import/Export License of Gold Bar, importer/exporter can declare with customs authority to import/export.

CategoryImport/Export

The following form/s are used in this procedure
TitleDescriptionCreated DateUpdated DateIssued ByDownload
Export License Application of Valuable Object24-03-201724-03-2017Bank of Lao PDRThis is Dowload File
Import License Application of Valuable Object24-03-201724-03-2017Bank of Lao PDRThis is Dowload File
This procedure applies to the following measure/s:
NameMeasure TypeAgencyDescriptionCommentsLegal DocumentValidity To
Requirement to obtain import license - Gold barsLicensing RequirementBank of Lao PDRTo import Gold bars (only for gold bars as internationally recognized as medium of payment), it is neccessary to obtain an import license from the Monetary Department, Bank of Lao PDR. For monetary stability. Decision on Procedures for Importation and Exportation of Gold Bars No. 609/BOL31-12-9999
Requirement to obtain export license - Gold barsLicensing RequirementBank of Lao PDRTo export Gold bars (only for gold bars as internationally recognized as medium of payment, it is neccessary to obtain an export license from the Monetary Department, Bank of Lao PDR.For monetary stability.Decision on Procedures for Importation and Exportation of Gold Bars No. 609/BOL31-12-9999