Foreign Investors Allowed To Own Land in Laos
The Government has decide to allow foreign investors to own residential land rights after spending more than a year defining the details of the law. Foreigners who have invested US$500,000 or more in Laos can now apply to buy land from provincial and capital authorities in accordance with the amended Law on Investment Promotion.
Under the new prime ministerial decree, eligible foreign investors will be allowed to purchase a maximum of 800 square meters of state-owned land for residential purposes or to construct on office building.
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