Account Opening
 

I./ Opening a securities account:

 Required documents for opening securities account of local and foreign investors:    

account Opening securities

For Local individuals => ( Click  to  download  securities account opening forms)
Required documents :

1.  A photocopy of an identity card ( clear photo )
2.  A photocopy of a BCEL bank passbook

In case, investors reside in provinces, who wish to open securities account can submit the securities account opening form along with required documents at BCEL’s branches. After that  BCEL-KT staff will contact those investors the next day to inform securities account and password


For local entities : => ( Click  to  download  securities account opening forms)
Required documents:

1. A copy of the board of directors’ resolution for opening a securities account
2. A copy of the list of directors or authorized directors
3. A photocopy of the director’s identity card (clear photo), certified true copy by the identity card’s owner
4. A photocopy of an authorized signer’s identity card (clear photo), certified true copy by the identity card’s owner ( in case, the authorized person is not the director)
5. A photocopy of  authorized trader’s identity card ( clear photo ) , certified true copy by the identity card’s  owner ( in  case, the authorized trader  is  not director );
6. A photocopy of the business license or article of incorporation (Fund), certified true copy by the authorized director’s signature and company seal;
7. A photocopy of article of association; certified true copy by the authorized director’s signature and  company seal;
8. A photocopy of a BCEL bank passbook; 


Remark: In case of assigning staff to open securities account, the additional required documents are as follows:  

·  A copy of a power of attorney authorized staff to open a securities account signed by the authorized director with company seal
·  A photocopy of an identity card of the grantee for opening a securities account


For foreign individuals => ( Click  to  download  securities account opening forms)
Required documents :

1.  A photocopy of a passport ( clear photo ), signed by the passport’s owner
2.  A photocopy of a BCEL bank passbook. 
 ( Investors shall be present at BCEL-KT’s office to open securities account  or contact BCEL-KT for more information )


For foreign entities => ( Click  to  download  securities account opening forms):
Required documents :

1. A copy of the board of directors’ resolution for opening a securities account
2. A copy of the list of directors or authorized directors 
3. A photocopy of the director’s passport (clear photo), certified true copy by the passport’s owner
4. A photocopy of an authorized signer’s passport (clear photo), certified true copy by the passport’s owner ( in case, the authorized signer is not a director)
5. A photocopy of  an authorized trader   ( clear photo )  certified true copy by the passport’s  owner ( in  case, authorized trader is  not  director)
6. A photocopy of the business license or article of incorporation (Fund), certified true copy by the authorized director’s signature and company seal.
7. A photocopy of  an article of association, certified true copy by an authorized director’s signature  and  company seal
8. A photocopy of  a BCEL bank passbook


Remark: in case of assigning staff to open securities account, the additional required document are as follows:

·   A copy of a power of attorney authorized staff to open a securities account signed by the authorized director with company seal
·   A photocopy of an identity card/passport of the grantee  for opening a securities account



II./ Opening a bank account (currency: kip only):

  • Fill in the bank account opening application form at BCEL
  • Required documents for opening a bank account are as follows:

For local individuals:

  • A photocopy of identity card and/or household registry book

For foreign individuals:

  • A photocopy of  passport and alien card/work permit (in case of foreign resident)
  • A photocopy of the Foreign Investor Registration Certificate (FIRC) issued by the LSX (in case of non-resident)

For local entities:

  • A photocopy of  identity card and/or household registry book of authorized person
  • A photocopy of  business license and tax license (the most recent)
  • A power of attorney (if any)

( BCEL-KT staff will provide assistance in opening bank account )
 For Foreign entities:

  • A photocopy of  identity card and/or household registry book of authorized person
  • A photocopy of  business license and tax license (the most recent)
  • A photocopy of the Foreign Investment license (in case of entities operating in Lao PDR)
  • A Power of Attorney (if any)

 ( BCEL-KT staff will provide assistance in opening bank account )
  Other requirements:

  • Account opening fee                          10,000 Kip
  • Minimum cash deposit                       50,000 Kip
  • Type of deposit                                  Saving (with interest)

For more detail, please visit: http://www.bcel.com.la/en/Detail.aspx?ID=23

Remark:  All documents of foreign individual and entities are required in English.