ANNOUNCEMENT 13 Sep 2011In September 2011, the government of Lao announced changed incentives for foreign investors entering the country.
NUMBER OF INTERVENTIONS
Law on Investment Promotion (in Lao),
Law on Investment Promotion (in English), http://www.investlaos.gov.la/files/Investment%20Decree%20Eng%2002_05_2011%20unofficial%20translation.pdf
UNCTAD report (in English), http://unctad.org/en/Docs/webdiaeia2011d12_en.pdf
On 13 September 2011, Lao People's Democratic Republic issued a new ministerial decree relating to the Law on Investment Promotion of 2009 in order to allow foreign investors to own land in Laos. According to this new regulation, foreigners are allowed to purchase a maximum of 800 square meters of land from provincial and national authorities if they have invested at least USD 500,000 in the country.