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…
Positive changes arising from the Myanmar Investment Law and the Myanmar Investment Rules.
Attention from local and overseas companies continues to grow with all eyes on the rule changes applying to companies operating in Myanmar. The changes are within the Myanmar Investment Law…
IMF reports more economic growth for Myanmar and higher forecasts for 2018.
In November 2017 an International Monetary Fund (IMF) team visited Myanmar. We include some of their key findings and some comments on 2017 from those working in Myanmar. There are…
New Joint Venture: Myanmar Petroleum Enterprise (MPE) signs 30 year lease with Yandanar Su for the operation of two LPG production plants.
The Myanmar government has published policies seeking to operate state owned enterprises through private partnerships. There are also other partnerships, some of which we outline in this blog. All are…
MyTel, the 4th Telco in Myanmar, is launching a 4G network as planned.
It was in our January 2017 blog that we confirmed the arrival of a new player in the expanding Myanmar Telecoms marketplace. We also confirmed their product name, MyTel. Now,…
Changes in the Myanmar Companies Law
The National Assembly has passed the Myanmar Companies Law (the “Law”). After extensive debate on various aspects of this long awaited Myanmar corporate reform the Law is finally here, pending…