Enterprise Law.

This Law stipulates principles, rules and measures for establishing, operating and managing an enterprise in the Lao People’s Democratic Republic, with a view to promoting production, business and services of all economic sectors, aimed at expansion of productive forces and improvement of productive relations, to strengthen the development and growth of the national economy, and to improve the standard of living of all ethnic groups.
The Law consists of 221 Articles divided into 10 Parts: General Provisions (I); Enterprises (II); Individual Enterprise (III); Partnership(IV); Companies (V); State Enterprise(VI); Mixed Enterprise (VII); Management and Inspection of Enterprises(VIII); Awards and Sanctions (IX); Final Provisions(X).
Enterprise registration is the approval of legitimate establishment of an enterprise. Conducting business shall be registered as an enterprise unless otherwise provided. The government is responsible for overall supervision and inspection of an enterprise through creating good business environment and authorizing relevant agencies, in coordination with local authorities concerned.