Notification No. 1327/DERM, List D 02-2015, establishes conditions on foreign participation (e.g. minimum registered capital and foreign ownerhsip limitations) in a number of activities. Included in this restriction is the operation of non-specialised retail wholesale activities: 1) a 100% foreign equity is allowed in investment projects with registered capital above 20 billion Lak; 2) up to 70% foreign equity is allowed in investment projects with registered capital between 10-20 billion Lak; 3) up to 50% foreign equity is allowed in investment projects with registered capital between 4-10 billion Lak; 4) projects with registered capital below 4 billion Lak are reserved to Lao nationals according to Notification 1328/MOIC, List C 02-2015.
"List of Business Activities for Foreign Investors [with conditions]:
- Non-specialized wholesale trade [i.e. wholesale business] (minimum registered capital: 4-10 billion Lak, foreign equity participation limited to  50%; if registered capital is 10-20 billion Lak, foreign equity participation is limited to 70%; if registered capital is above 20 billion Lak, wholly-owned foreign investment is allowed)" (Notification No. 1327/DERM, List D 02-2015)
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"Business Activities Reserved for Lao Nationals (Revised): [...]
- Non-specialized wholesale trade (i.e. wholesale business with registered capital of less than 4 billion kip)" (Notification 1328/MOIC, List C 02-2015)
Notification No. 1327/DERM, List D 02-2015
Notification 1328/MOIC, List C 02-2015
[<a href="http://www.laotradeportal.gov.la/kcfinder/upload/files/Notification1327_2015ENG.pdf">Notification</a>],[<a href="http://www.laotradeportal.gov.la/kcfinder/upload/files/MOIC_1328_2015_Eng.pdf">Notification</a>]