Article 22: The Government of the Lao PDR has established a State organization to promote and to manage foreign investment within the Lao PDR titled the Foreign Investment Management Committee (hereinafter called "the FIMC").

The FIMC is responsible for administration of this law and for the protection and promotion of foreign investment within the Lao PDR.

Article 23: All foreign investments established within the Lao PDR shall be assisted, licensed and monitored through the "1-stop-service" of the FIMC, acting as the central focal point for all Government interactions with the investors, with the collaboration of the concerned ministries and the relevant provincial authorities.

Article 24: A foreign investment shall be considered to be legally established within the Lao PDR only upon the investment's receipt of a written foreign investment license granted by the FMC.

Article 25: A foreign investor which seeks a license for a foreign investment shall submit to the FMC an application and such supporting documentation as the FMC may prescribe by regulation.

The FMC may grant preliminary approval-in- principle for investment projects being specially promoted by the Government.

Article 26: Upon receipt of a completed application and supporting documentation, the FIMC shall screen them, take a foreign-investment licensing decision and notify the applicant of the decision within 60 days of the application's submission date.

Within the same overall 60-day period, concerned ministries and provincial authorities consulted by the FIMC for their views shall have a maximum of 20 days in which to reply.

Article 27: Within 90 days of receiving its foreign investment license from the FIMC, a foreign investors shall register that license and commence operation of its investment in conformity with the implementation schedule contained in the investment's feasibility study and with the terms and conditions of the license granted by the FIMC, and in accordance with the laws and regulations of the Lao PDR.

Article 28: The FIMC has responsibility to coordinate with other concerned ministries and provincial authorities in monitoring and enforcing the implementation of a foreign investment in conformity with the investment's feasibility study and with the terms and conditions of the investment license, and in accordance with the laws and regulations of the Lao PDR.

The concerned ministries and provincial authorities have the responsibility to perform their respective monitoring and enforcement obligations.

Article 29: If a foreign investor violates the agreement and the terms and conditions of its foreign investment license or the laws and regulations of the Lao PDR, the investor shall be notified of the detected violation and shall be instructed to promptly desist. In the event the investor fails to desist or in case of a serious violation, the investor's foreign investment license may be suspended or revoked and the investor may additionally be subject to other sanctions under the applicable laws and regulations of the Lao PDR.