Post by William Kelley on 8th Apr, 2011 at 5:27am
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General Category >> General Lao Board >> New Business to employ local http://www.laopride.com/cgi-bin/yabb2/YaBB.cgi?num=1302219478 Message started by Tee on 7th Apr, 2011 at 11:37pm |
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Title: New Business to employ local Post by Tee on 7th Apr, 2011 at 11:37pm
Hi Every one
I would like to invite everyone to put on their thinking hat! how to setup business that will employ local! The condition of the business are: Legal title Small capital($10,000-$25,000) Less time to set-up, long time to gain employ local and training skill Thank you guys! |
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Title: Re: New Business to employ local Post by Old Man on 7th Apr, 2011 at 11:53pm
What about the timeshare business?
That sounded good. |
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Title: Re: New Business to employ local Post by Tee on 8th Apr, 2011 at 12:08am
That one is still on...but if you read the condition of this one are
short time to set-up and less capital The time share is a long time project. I think to build something like that in Laos would take at least 18 months to 2 years. During that time..I should have something in place.... |
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Title: Re: New Business to employ local Post by Lao Democratic on 8th Apr, 2011 at 2:52am
What business idea do you has in mind Tee? We need more details.
:-? 8-) |
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Title: Re: New Business to employ local Post by MrLao4ever on 8th Apr, 2011 at 3:10am
Tee, what do mean by 'small capital' and the amount? Is that Lao PDR investment terminology?
Tee wrote on 7th Apr, 2011 at 11:37pm:
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Title: Re: New Business to employ local Post by Tee on 8th Apr, 2011 at 5:06am
What I mean between $10,000-$25,000
What kind of business,I don't know.I'm asking your guy to throw in some idea! Laos is short of skilful people, Do come up with some thing that feasible and realistic...... My idea is a mobile Deep fried Chicken(Something like KFC or anything kind of fastfood) little van attached to motorbike.This kind of van. Can custom make in Udon Thani, Thailand around $2,500 each.(This was November,2010 price) This van come equip with small refrigeration,gas stove and display. This van can sell 3 different thing each day! for example In the morning shift (5am-10am): selling coffee and doughnut,sandwich ....... Afternoon shift(11am-3am): Hamburger or what ever that Laos people like to eat at lunch time.... Evening shift(6pm-10pm) Maybe Deep fried Chicken or what ever that sell... There is no wage for the worker, but share profit 50/50.... For $25,000. I am sure I can get 3 vans in operation ....with no sweat!!!!!! The hard part is to find that KFC recipe....... Now let me know about your idea.. you are also welcome to throw in your idea and improve them...... Thank guys.... |
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Title: Re: New Business to employ local Post by William Kelley on 8th Apr, 2011 at 5:27am |
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Title: Re: New Business to employ local Post by Lao Democratic on 8th Apr, 2011 at 5:47am
I like your fast food Van idea Tee. I also like boat rentals business, jet ski, pontoon, ski boat. How about small retail store, dollars store? Similar to what we got in the U.S and everything cost $1. We need to keep in mind average Lao worker make $100 a month, $1,200 a year. I has no experience in business.
:) 8-) |
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Title: Re: New Business to employ local Post by Lao Democratic on 8th Apr, 2011 at 5:48am wrote on 8th Apr, 2011 at 5:27am:
Look sooooo good. Fast food restaurant like KFC or McDonald will be a big hit in Laos. |
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Title: Re: New Business to employ local Post by Tee on 8th Apr, 2011 at 10:47am llX wrote on 8th Apr, 2011 at 5:47am:
Laos local doesn't have excessive income to buy those Dollars shop,for hiding ski shop is only seasoning business,this is market for the tourist and high end Laos. Than again they will just buy their own ski. Food is different, We all need to eat 3 meals a day and every day. |
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Title: Re: New Business to employ local Post by Tee on 8th Apr, 2011 at 10:51am wrote on 8th Apr, 2011 at 5:27am:
Thanks William!!!!!!!!!!!!!! Have you try to cook them with this recipe? |
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Title: Re: New Business to employ local Post by MrLao4ever on 8th Apr, 2011 at 12:48pm
My idea is my own Lao 'Papa John' chain in Vientiane, Luang Prabang, Savanaket, Pakse and Champasack and in between.
llX wrote on 8th Apr, 2011 at 5:48am:
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Title: Re: New Business to employ local Post by Lao Democratic on 8th Apr, 2011 at 5:25pm
Tourist industry is the second largest earner for Laos after mining. About 2.2 million tourist arrivals in 2010 generating revenues of $290 million for the country.
Boat, jet ski, ski boat rentals make sense. Tourist are want to do fun activity and there to spend money. I don't think most tourist or locals will buy their own jet ski or boat, used one cost around $4,000-$10,000 each. Lao per capita income a year is $1,200 a year. I think they can afford to buy $1 store where everything you need is under $1 = 8,000 kip. 2millionarrivalsby2010generatingrevenuesof290millionforthecountry Tee wrote on 8th Apr, 2011 at 10:47am:
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Title: Re: New Business to employ local Post by Lao Democratic on 8th Apr, 2011 at 5:44pm PEACE wrote on 8th Apr, 2011 at 12:48pm:
I think fast food franchise will work in Laos. You don't much there. 8-) :) |
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Title: Re: New Business to employ local Post by MrLao4ever on 8th Apr, 2011 at 6:09pm
Very agree and I have no doubts. Majority of Lao population is 14-30 years young and I am sure they are hungry for more western-style food. Once I know that it does work in Laos then there's Lao Issan in Thailand as well.
llX wrote on 8th Apr, 2011 at 5:44pm:
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Title: Re: New Business to employ local Post by Lao Democratic on 8th Apr, 2011 at 6:14pm
How about them park or water park in Laos? But will cost couple of million dollars.
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Title: Re: New Business to employ local Post by Tee on 8th Apr, 2011 at 10:16pm
Have you seen the Mekong river lately! I haven't see any tourist want to jump in....how ever, the river that clean enough is about 30km away near where The Oldman live......That could work...I still thing...The dollars shop will not work in Laos yet......
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Title: Re: New Business to employ local Post by Tee on 8th Apr, 2011 at 11:10pm PEACE wrote on 8th Apr, 2011 at 6:09pm:
One of the reason no Franchise going to Laos yet because of the feasible study that they did had show the population income still too low...Wait for a few year...they will pop up every where.....mean time...We can do with the mobile food van... if I can make $100 profit a day. I can get all my investment back in one year... and also helping out the local...... |
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Title: Re: New Business to employ local Post by Tee on 8th Apr, 2011 at 11:56pm
The franchise will work..but it's not the time yet! ....The Law of franchise is not even ready yet....and you know how the public servant work... right now we can start that mobile food van....... ;)
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Title: Re: New Business to employ local Post by Lao Democratic on 9th Apr, 2011 at 12:37am Tee wrote on 8th Apr, 2011 at 10:16pm:
Nam Ngum Lake might be a good spot for boat rentals. Why wouldn't dollars store work? Does Australia had Dollars store. Where everything cost no more then $1=8,000 Kip. People can afford to spend $1. :o :) |
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Title: Re: New Business to employ local Post by Lao Democratic on 9th Apr, 2011 at 12:38am Tee wrote on 8th Apr, 2011 at 11:56pm:
I do like your mobil van food idea. I think it'll work for $10k-$25k investment. 8-) |
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Title: Re: New Business to employ local Post by MrLao4ever on 9th Apr, 2011 at 3:47am
Where are we at with products and ingredients? Is it easily available?
wrote on 9th Apr, 2011 at 12:38am:
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Title: Re: New Business to employ local Post by Tee on 9th Apr, 2011 at 4:04am PEACE wrote on 9th Apr, 2011 at 3:47am:
Thailand will be the place to get the ingredients,I think you can get anything in Thailand...The price is good too..... |
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Title: Re: New Business to employ local Post by Tee on 9th Apr, 2011 at 4:22am llX wrote on 9th Apr, 2011 at 12:37am:
Australia do have many of this type of Dollars shops but the business have change the course....They are many have close down..because of Australian realist most are junk and very bad quality product. |
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Title: Re: New Business to employ local Post by MrLao4ever on 9th Apr, 2011 at 11:21am
Tee, the mobile van idea sounds very exciting so far. Do you have pictures of the mobile van? Right now I am writing up 'business plans' of my ideas and I got a few which by which I can attempt 3-10 years from now. I am still accumulating capitals right now and hopefully the 'franchise' can be easier be done in the near future.
Tee wrote on 9th Apr, 2011 at 4:04am:
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Title: Re: New Business to employ local Post by Old Man on 9th Apr, 2011 at 6:06pm
Pizza Company opened in Vientiane last year. The pizzas are very expensive, but the restaurant is full of young people every day.
http://www.google.la/maps/vt/data=LtgX-e3f8ctI3U5dJtbt7EJ1ZfRneYme,nwBzJaBSRq60nsLLebuE8P18SqRJHqd-XMRrrHObxxGkZOsaANETufQsJoxTNXxyl0_zWez376YhM6M8gQzPbzRmMfUTuI5Wl_SrGjpBxa72nQTS1Q |
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Title: Re: New Business to employ local Post by Lao Democratic on 9th Apr, 2011 at 6:59pm
Very nice and look modern. Good place to hang out. How much for pizza in Laos? In the U.S its about $5, but cost more at other place. It the owner foreigner investors or Lao.
wrote on 9th Apr, 2011 at 6:06pm:
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Title: Re: New Business to employ local Post by Larb Dip on 9th Apr, 2011 at 10:05pm wrote on 9th Apr, 2011 at 6:06pm:
I'm getting excited just looking at this. I wish this was around when I was there. It took a while, but Laos is definitely on the come up. |
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Title: Re: New Business to employ local Post by MrLao4ever on 9th Apr, 2011 at 10:48pm
Is 'Pizza Hut' the only pizza franchise there?
llX wrote on 9th Apr, 2011 at 6:59pm:
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Title: Re: New Business to employ local Post by MrLao4ever on 9th Apr, 2011 at 10:50pm
My bad it is the 'Pizza Company' and not 'Pizza Hut' that is there now.
PEACE wrote on 9th Apr, 2011 at 10:48pm:
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Title: Re: New Business to employ local Post by Old Man on 9th Apr, 2011 at 10:56pm
Pizza Company is the only pizza restaurant that is part of a fast food franchise. However, there are many expensive, high-end restaurants that also serve Pizza such as Le Opera Italian restaurant.
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Title: Re: New Business to employ local Post by Larb Dip on 9th Apr, 2011 at 11:02pm
Any Subway in Laos.....yet?
Stay away from all those unnecessary trans-fats pinong. |
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Title: Re: New Business to employ local Post by Tee on 10th Apr, 2011 at 11:15pm
Do you have to ask such a silly question Larb Lip....!
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Title: Re: New Business to employ local Post by Lao Democratic on 11th Apr, 2011 at 12:33am
Dollars store where you can get almost anything and everything you need. Everything for $1.
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Title: Re: New Business to employ local Post by Lao Democratic on 11th Apr, 2011 at 12:37am
I don't think they has pizza franchise in Laos. Anybody can open one up under any name.
PEACE wrote on 9th Apr, 2011 at 10:50pm:
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Title: Re: New Business to employ local Post by Lao Pride Administrator on 11th Apr, 2011 at 12:46am
"The pizza company" is a franchise in Laos, but I don't like to eat pizzas. It's junk and full of fat, but once in a while is okay.
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Title: Re: New Business to employ local Post by Lao Democratic on 11th Apr, 2011 at 12:52am Admin Saovaluck wrote on 11th Apr, 2011 at 12:46am:
Does Laos has any dollars store? Or just Chinese store selling cheap stuff. Pizza restaurant might be popular with tourist. ;) :) |
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Title: Re: New Business to employ local Post by Lao Pride Administrator on 11th Apr, 2011 at 1:02am
There's just Chinese stores selling cheap products, but the pictures of the dollar store in America looks nice.
It's probably convenient to go shopping in a dollar store, because you know that anything you buy is worth $1. |
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Title: Re: New Business to employ local Post by Lao Democratic on 11th Apr, 2011 at 1:33am Admin Saovaluck wrote on 11th Apr, 2011 at 1:02am:
If I have money to invest I want to open something like that in Laos. Dollar store in the U.S is very nice and very convenient you can pretty much get anything you need. Sometime you just need something right way and don't want to spend a lot of money. Everything is $1=8,010 kip. I just went there today and snap a picture with my Iphone. ;) 8-) |
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Title: Re: New Business to employ local Post by Lao Democratic on 11th Apr, 2011 at 1:35am |
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Title: Re: New Business to employ local Post by Lao Democratic on 11th Apr, 2011 at 1:39am |
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Title: Re: New Business to employ local Post by Lao Pride Administrator on 11th Apr, 2011 at 1:46am
I guess for $1, you can't really get anything of high quality. But if you're tight on money and you have a lot of childen, you can purchase some basic items for them.
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Title: Re: New Business to employ local Post by Lao Democratic on 11th Apr, 2011 at 1:59am Admin Saovaluck wrote on 11th Apr, 2011 at 1:46am:
For a dollars you get what you pay for. Most of their products is from China. Some of the stuff are ok. Sometime I go there because its convenient. It's close to my house. They has many location. ;) :o |
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Title: Re: New Business to employ local Post by Lao Pride Administrator on 11th Apr, 2011 at 2:12am
I can see from your pictures that many items are worth buying for $1.
I wouldn't buy a pair of glasses for $1 though. It could damage your eyes. |
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Title: Re: New Business to employ local Post by MrLao4ever on 11th Apr, 2011 at 3:04am
There is that big 3 story 'Tex Mex' restaurant downtown I see on Google map. Any of you all been there?
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Title: Re: New Business to employ local Post by Tee on 11th Apr, 2011 at 10:34pm
Another idea..What do you think of selling Lao hand craft through Ebay? This would help the local create more work. They are a few problem relate to this type of business.
Laos post is not reliable fright company is too expensive quality of the hand craft and consistency of the quality. Any of your guy have solution to my problem? Please help!!!!!!!!!!!!!!!!!!!!!!!! |
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Title: Re: New Business to employ local Post by Lao Pride Administrator on 11th Apr, 2011 at 11:29pm
Not good. Although selling items from Laos through eBay in a great idea, the problem is with posting items.
The cost of postage is not your concern because the customer can be responsible to pay for that. The biggest problem is that sending and receiving mail through a Lao post office is slooooow! Even sending just a simple letter is too slow to reach its destination. eBay customers expect their items to arrive as quickly as possible, and if it takes forever, it's bad for your business. |
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Title: Re: New Business to employ local Post by Old Man on 12th Apr, 2011 at 12:05am
I sent my books to a publisher in the U.K. last year through the post office and they arrived in 6 days.
If you don't like the Post Office service, you can use DHL. Lao handicrafts are worldclass if you know where to look. Best, and most unique to Laos, items are : fabrics (especially silk) hardwood furniture and household accessories bamboo products (there are so many) silver and gemstone items |
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Title: Re: New Business to employ local Post by Lao Democratic on 12th Apr, 2011 at 3:04am
You have some good idea Tee.
:) Tee wrote on 11th Apr, 2011 at 10:34pm:
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Title: Re: New Business to employ local Post by Lao Democratic on 12th Apr, 2011 at 3:06am
Agreed. Have anybody heard about Lao hand bags is also very popular, and sold for about $25 each in some store in the U.S. They also had a websites.
:) wrote on 12th Apr, 2011 at 12:05am:
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Title: Re: New Business to employ local Post by Tee on 12th Apr, 2011 at 3:57am Admin Saovaluck wrote on 11th Apr, 2011 at 11:29pm:
Every problem do have their solution,We just have to come up with an idea..that's why I put it here for every one to solve..... Come on guy....let's think about it...this is the time to help our people..... |
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Title: Re: New Business to employ local Post by Tee on 12th Apr, 2011 at 4:07am Admin Saovaluck wrote on 11th Apr, 2011 at 11:29pm:
Thanks admin.. Don't need to tell me about the problems..I just need the solution...Could help me come up with some kind of the solution? You are quite right about the ebay customers will pay for the cost of the flight, it also mean,the product we sell also high...... |
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Title: Re: New Business to employ local Post by Old Man on 12th Apr, 2011 at 11:38pm
The cost of sending Lao handicrafts to other countries is not a problem - it's just one more of your fixed costs. You just absorb the cost by adding it to the price of your product, that's all.
The markup you can make from the handicrafts produced in Laos will more than cover any transport costs differential comparison with handicrafts of other countries. In addition, you need not only think of selling to retail customers by EBay. There are many companies that want to import large volumes of handicrafts, especially bamboo handicrafts, from countries like Laos. You can reach these companies through trade websites like Tradelink.com, Alibaba.com and many other sites. These companies will not have a problem with slow delivery times - not that I think 6 days is slow anyway. This is not a problem. The demand for items like bamboo products is huge and growing worldwide, whereas supply cannot keep up with the demand. Laos is one of the few countries left with a substantial bamboo reserve and with a skilled workforce of bamboo artisans. A few years ago I made a list of all the things which can and are made from bamboo. The list ran into the many hundreds. Look around your house - practically everything in it, big and small, can be made from bamboo. A company in the U.S. even makes high quality racing bicycle frames from bamboo which are lighter and more flexible that the titanium bicycles. The many advantages of a handicrafts, especially bamboo products, exporting company would be: it's labour intensive- employs a lot of people in a skilled occupation keeps traditional skills alive raw materials like bamboo are sustainable. Bamboo is the world's fastest growing plant. bamboo furniture is much lighter than wood, so transport costs are greatly reduced. worldwide demand for bamboo products is already established and growing Lao craft workers have tremendous skill and produce items which are world class in terms of quality Lao wages are very low, so you could pay your workers a very good (for them) salary while still having lower costs than handicraft manufacturers in other countries Taxes on Lao businesses are much lower than business taxes in other countries. Other business costs are also lower. |
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Title: Re: New Business to employ local Post by Lao Democratic on 13th Apr, 2011 at 3:56am
Old Man. Thank for sharing your knowledge and business experiences.
:) 8-) |
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Title: Re: New Business to employ local Post by MrLao4ever on 13th Apr, 2011 at 12:54pm
Tee, I hear you loud and clear brother. I am still doing 'homework' as we speak -my own feasibility study for me to go to Vientiane.
Tee wrote on 12th Apr, 2011 at 3:57am:
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Title: Re: New Business to employ local Post by Tee on 18th Apr, 2011 at 9:22pm
I am sorry that did not respond for a while...I have been away on for short trip....to Melbourne city.
Firstly, I am grateful for Oldman valuable input. I would put every thing into account with setting up this kind of business...how ever, I do have a few things that still worry me. 1, The cost of sending product 2, The consistent of the product ( I did have bad experience in the past,The consistent workmanship of the product did change after a few shipment) 3, The Tax and Duty of sending good. 4,Sending this type of product some countries will not be allow,because of custom regulation. you do need a special licence. the cost of the licence is high and that mean the product will have to be high too.... :-/ :-/ :-/ :-/ :-/ :-/ :-/ |
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Title: Re: New Business to employ local Post by Old Man on 18th Apr, 2011 at 9:57pm Tee wrote on 18th Apr, 2011 at 9:22pm:
I would hope you don't think of those 4 points as 'worries' - rather they are just things you have to take into account. Down the line, you will have real worries that will make you wonder why on earth you ever considered those 4 items as 'worries'. If you are serious about his kind of business, you would be wise not to jump straight in with a large investment. Just take baby steps and test out the market, the supply/demand situation and the logistical considerations (cost and methods of sending the products, tax, duty, etc.) For example, you could spend a little time in Laos, go around the handicraft shops and workshops to choose maybe 20 bamboo items that you like personally and are satisfied with the quality of. Then, advertise the items on ebay. Very quickly, you will know which kinds of item are in most demand and what people are prepared to pay for them. You can then set up your own website and start setting up contacts with wholesalers, etc. Further down the line, you can set up a company, think about economies of scale on delivering items (a share in a shipping container consignment, etc.) with local import/export companies (there are dozens of these in Vientiane) and consolidating working relationships with trusted producers and maybe setting up your own production facilities with your own craft workers, allowing you to manage quality control on the spot. Anyway, just take a few baby steps first. Old Man |
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Title: Re: New Business to employ local Post by MrLao4ever on 19th Apr, 2011 at 2:51am
Tee, welcome back. Would you happen to have pics of these 'mobile food van' that you have mentioned about?
Tee wrote on 8th Apr, 2011 at 11:56pm:
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Title: Re: New Business to employ local Post by Tee on 19th Apr, 2011 at 3:53am
No problem! The guy that I talk to in Udon Thani didn't have any website...I do have other company that base in Bangkok...here are their website...but there all in Thai...I have narrow in down to what you looking for..... http://www.innopack.co.th/truck_standard.asp
This one is easily can move one area to another.... How ever, I am sure we can custom make to fit the motobike or car to be toll away.... http://www.coffeemade.com/%E0%B9%80%E0%B8%84%E0%B8%B2%E0%B8%99%E0%B9%8C%E0%B9%80%E0%B8%95%E0%B8%AD%E0%B8%A3%E0%B9%8C%E0%B8%81%E0%B8%B2%E0%B9%81%E0%B8%9F.html http://www.aircraftcoffee.com/index.php?lay=show&ac=article&Id=538687285 Are you going to be do this your self all looking for partner? |
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Title: Re: New Business to employ local Post by MrLao4ever on 19th Apr, 2011 at 2:01pm
Thanks for the site. I have to think about first and personally I have to write a business plan first to see if your idea is feasible to go forward with. Only time will tell and we will be in touch 8-).
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Title: Re: New Business to employ local Post by Tee on 19th Apr, 2011 at 9:27pm
In business term..."Time is money" and "Opportunity do not wait" by the time you finishing writing your Business plan...someone already start the business....That why! your always hear..."Timing is very important for any business"
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Title: Re: New Business to employ local Post by Old Man on 19th Apr, 2011 at 9:51pm Tee wrote on 19th Apr, 2011 at 9:27pm:
So when are you going to get started? I mean with baby steps - not the business plan. You need more experience and research before you're ready to develop a comprehensive business plan. And if you are not planning on recruiting investors or borrowing from a bank, you don't even need a detailed business plan until you are ready to apply for business licenses from the Lao government. Even then, the Lao officials will expect that you are already operating at some level before they agree to give you all licenses you will ultimately need. For example, to get permission to build our bungalows, we had to invite the officials out to see the bungalows. Only then, would they give us the 'permission to build document'. I know it seems odd, but that's the way things work here. Old Man |
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Title: Re: New Business to employ local Post by Tee on 19th Apr, 2011 at 10:35pm wrote on 19th Apr, 2011 at 9:51pm:
Thank your Oldman! Start a small business like Mobile food van. Do you need licence to operate? it's small capital around $30,000. it's better to set-up as a company title or as that you were set up as Trust title,you have done for the resort? Should I talk to the accountant and Lawyer firm first...Maybe you can recommend the firm! |
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Title: Re: New Business to employ local Post by Old Man on 19th Apr, 2011 at 10:50pm Tee wrote on 19th Apr, 2011 at 10:35pm:
You would certainly need licenses to set up a mobile food van. I set up our resort business as a 'Joint Venture' between Lao and foreign investors. It took more than a year to get all the necessary licenses and permissions. Your idea of selling Lao handicrafts through Ebay however, could be run without a license, at least while it is growing and not yet a company sized operation. You can talk to lawyers and accountants, but be warned - foreign accounting firms charge up to US$200 per hour for their advice. Now I think of it, maybe you should be paying me..... ;D Old Man |
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Title: Re: New Business to employ local Post by Tee on 20th Apr, 2011 at 6:51am
Hi Oldman
Your valuable advice is highly appreciated! It's also should be reward it! for a man Who has everything. It's hard to find the reward to satisfy you. :D :D :D :D :D :D :D |
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Title: Re: New Business to employ local Post by William Kelley on 20th Apr, 2011 at 7:15am Tee wrote on 20th Apr, 2011 at 6:51am:
Get him some nice rocks for his garden, maybe? |
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Title: Re: New Business to employ local Post by Lao Democratic on 20th Apr, 2011 at 3:16pm
Or buy Old Man some BeerLao. He does know what he's talking about and has business experience.
8-) ;) |
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Title: Re: New Business to employ local Post by MrLao4ever on 21st Apr, 2011 at 3:55am
I thought $500,000 is the minimum that a 'foregin investor' has to bring to Laos to start any business (small or large). If so one 'mobile van' is not allowed unless if there are at least 17 mobile vans (assuming $30K USD/per) making up as one company.
I still prefer to write a 'business plan' still as part of a homework/research before I dive into right away: -What my cost/fees be to give to Lao PDR to set up? -How much is my upfront cost (mobile van and supplies inside the mobile van and others) -What products am I trying to sell and who will be my customers and where? -What are the ingredients needed to create the product? -What would be markup after ingredient costs (positive cashflow to survive)? -Who should I hire (skills/experiences) and how many and what should I pay them? -Is this seasonal business? -If I needed to when should I pull out, just in case it does not work so I do prefer to loose as little as possible? Something like these that are needed to be address up front so I would know the cash upfront and forecasting (graphs your cashflow while the business is running). wrote on 19th Apr, 2011 at 9:51pm:
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Title: Re: New Business to employ local Post by Old Man on 21st Apr, 2011 at 4:45pm PEACE wrote on 21st Apr, 2011 at 3:55am:
The US$500,000 minimum investment is only needed if the foreign investor wants to be allowed to own land in Laos. The last time I looked, and it was the case with my company, the minimum declared investment for a company start up by a foreign investor was $360,000 of which 30% ($120,000) had to be registered capital. However, only 30% of the registered capital has to be proven (by the Lao Central Bank) to have been brought into the country. Therefore, the actual cash you need to have to start a company is US$32,400. The $360,000 and $108,000 figures are merely nominal 'paper' figures. Old Man |
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Title: Re: New Business to employ local Post by MrLao4ever on 21st Apr, 2011 at 6:13pm
OK thanks for clearing that up.
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Title: Re: New Business to employ local Post by Tee on 30th Apr, 2011 at 1:10pm
Anyone have any idea to get contract with the high rank to negotiate for a piece of prime land so I can build a nice hotel.....That would be a new idea for my business to employ Laos..... :D :D :D :D :D :D
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