Myanmar Credit Bureau Limited will open in Myanmar
A service to provide background checks for lenders is finally going to open in Myanmar - Myanmar Credit Bureau Limited, MCBL. Over the last three years a lot of effort…
Myanmar: Foreign Banks now allowed to provide banking services to local companies.
A new Directive has been issued by the Central Bank of Myanmar (CBM). Wholesale banking services are now allowed to be supplied by foreign banks to foreign corporates, foreign financial…
Hong Kong Investors eye Myanmar.
In October the Myanmar Investment Commission (MIC) launched the Myanmar Investment Promotion Plan (MIPP). The aim, to attract more than USD 200 billion over the next 20 years. This has…
Myanmar: Tax changes due but tax very low compared to % GDP across Asia.
The Government in Myanmar is reviewing tax laws with potential changes expected in the near future. For companies, correct tax reporting will be even more important. Selecting the correct corporate…
Myanmar Companies Law 2017 – the changes, and how these help your company.
We have received many calls from companies seeking more information on the changes that came into effect in August of this year, via the Myanmar Companies Law. Here is an…
Myanmar opens its doors to Overseas Insurance companies
From 1st October 2018 insurance companies from overseas will be authorised to trade in Myanmar. This huge change for Insurance Companies, that also benefits all companies in Myanmar and the…
Banks from overseas are now allowed to offer financial services for exports and imports.
The Central Bank of Myanmar (CBM) has now, as predicted, authorised overseas banks operating in Myanmar to offer facilities for exports AND imports. Previously, it was only the Myanmar Banks…
Myanmar allows 100% foreign ownership for retail and wholesale commerce.
The Mynanmar Ministry of Commerce on 9 May authorised foreign firms to operate businesses with 100% ownership to provide wholesale and retail services in Myanmar. (Directive 25/2018). With minimum capital…
Myanmar: New law arriving for Trademarks and IP protection. You must act to protect & register your trademarks.
This may be the most important blog we have ever written. Action is required by your company to protect trademarks even if already declared. If not your responsibility please share…
Myanmar – 100 percent foreign ownership now permitted for projects in the education sector.
Overseas investors can now create a 100% holding company to finance a new enterprise for the education sector in Myanmar. A recent Notification from The Myanmar Investment Commission, MIC, has…