Why Buy Business in Laos?
There are various advantages of buying a new business in Laos. All of them simplify the process of doing business in the country. Following are some of the top reasons for investing in Laos:
1. Competitive merits
- Stable financial and socio-economic country
- Low crime rate/high security
- One of the region’s most politically stable nations
- 42 nations have been awarded the nation GSP Privileges
- Low wage costs in comparison to its neighboring nations
- Open regulations and laws for fostering favorable investment and business environments
2. Comparative merits
- Almost no incidents of natural disaster
- Numerous tourism development sites
- Fertile agricultural land in abundance
- Abundant and unexploited natural resources
3. Collaborations with international and regional arena
- Laos enjoys investment treaties with 27 nations
- NTR (Normal Trade Relations) with the United States of America
- GSP (General Special Preferences) privilege with as many as 42 nations
- Members of various international organizations