Direct investment into Laos is rapidly increasing as the regulations impacting on investment are revised. With a minimum wage that is one third of Thailand’s, coupled with the similarities in Lao and Thai languages, many businesses are expanding their Thailand operations into Laos. Special Economic Zone further provides benefit for foreign investors in the ASEAN countries, making Laos an attractive investment option. The development of hydroelectric power capacity is turning Laos into a power supplier for ASEAN nations. This combined with Laos’ mineral rich landscape makes it a drawcard for state-owned enterprises.
However, the divergence between what the law sets out and its practical application t makes it imperative to have access to established networks in Laos and the practical management skills needed to operate on the ground.
Our Laos member firm is Phanthaly Law. Phanthaly Law has local experts with years of experience. Our head partner combines his local legal and management experience and skills with the networks available as he currently serves as the head of the Laos Lawyers’ Association.
Contact (English and Japanese)
- Phanthaly Law (Laos Member Firm): 2nd Floor, Vieng Vang Tower, Bourichane Road, Unit 15, Dongpalane Thong Village, Sisattanak District, Vientiane Capital, Lao PDR