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 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…
International Labour Organization (ILO) publishes guide on Myanmar laws for labour and employment
Considerable work amalgamating many documents is now complete within a publication by the ILO for companies, employees and Government departments, offering guidance on regulations relating to employment law in Myanmar…
Unison Collaborative choose FocusCore to help set up a joint venture in Myanmar.
Products from Unison Collaborative are now available via a local source in Myanmar. FocusCore was chosen to help Unison Collaborative setup a joint venture in Myanmar for the import and…
Flexible rules for overseas insurance companies in Myanmar.
New rules have been announced relating to the funds required by an overseas insurance company, when operating in Myanmar. In the past, the capital fund required was set at $1…