• 庆祝中国人民解放军建军90周年大会在京隆重举行 2019-07-02
  • 匹夫有责之一百一十二—道义大义的博客—强国博客—人民网 2019-06-28
  • 李盈莹又演砸了?42扣10中表现还不如一边缘主攻 2019-06-04
  • 洪崖洞、长江索道、李子坝轻轨站……这些网红景点21年前的模样你知道吗? 2019-06-04
  • 苹果高管驳斥iPhone计划报废说 iOS 12就是证据 2019-05-07
  • 热门楼盘趁势而入迎热销 红六月正式上线 ——凤凰网房产天津 2019-04-29
  • 国家税务总局:国地税改革进入具体实施操作阶段 2019-04-28
  • 习近平关于生态环境保护的十个精妙论述 2019-04-28
  • 生态环境部严厉打击转移倾倒固体废物及危险废物 2019-04-27
  • 马克思的每个人全面而自由发展,是人的最高需求层次理论。 2019-04-22
  • 空调还装墙壁上?聪明人都是往这里装,好看又省地 ——凤凰网房产 2019-04-22
  • 这下就真的更加坐实你的老蚕了,所有网友都是见证!想赖都赖不掉了。 2019-04-20
  • 空姐,到底要不要漂亮?-光明时评 2019-04-18
  • 沃尔沃全新S60高性能版官图曝光 2019-04-18
  • [视频]《乡村振兴战略大家谈》第六集4分钟精编版 2019-04-12
  • Select Page

    Establishing a company in Myanmar

    In cooperation with local lawyers Charltons advises foreign companies on the establishment of operations in Myanmar.

    The Myanmar Companies Act 1914 (Companies Act) and the 2012 Foreign Investment Law (FIL) together with the implementing Foreign Investment Rules (Investment Rules) are the three key pieces of legislation governing the establishment of foreign invested entities in Myanmar. For clients establishing a company in Myanmar Charltons can provide experience of the Myanmar Companies Act, FIL and the Investment Rules.

    Foreign investors establishing operations in Myanmar are free to choose to do so under either the Myanmar Companies Act or the FIL. However under the FIL, foreign investors can benefit from significant tax exemptions and other benefits. 100% foreign ownership is permitted for the majority of business activities, including power generation, infrastructure projects, agriculture, hospitality and non-food manufacturing. The Investment Rules list forty-two categories of economic activity must be conducted via joint ventures (JV’s) with a local partner. JV’s are generally required for the development of property, including buildings, condominiums, apartments, offices and commercial space. Similarly projects in the oil and gas and mining sectors should be conducted in cooperation with local partners.

    All foreign companies, including wholly or non-wholly foreign owned companies, joint-ventures and foreign companies’ branch/ representative offices must obtain a permit (Permit to Trade) under section 27A of the Myanmar Companies Act before they can commence business activities. A Permit to Trade application is made to the Directorate of Investment and Company Administration (DICA).

    Companies established under the FIL additionally need to apply for a permit from the Myanmar Investment Commission (MIC). As part of the application process the foreign investor is required to submit a business proposal (MIC Proposal) setting out information including the intended term of the proposed investment, the particulars of the proposed investment, the intended form of organisation and the total amount of foreign capital to be brought into Myanmar. Depending on the nature of the proposed investment the MIC may require an Environmental and Social Impact Assessment to be submitted along with the MIC Proposal.

    Charltons can assist with all aspects of establishing a company in Myanmar and the Myanmar Companies Act 1914. For additional information on the formalities involved in the establishment of operations in Myanmar please refer to our presentation on “Doing Business in Myanmar”.

     

    Establishing operations in Myanmar

    Myanmar is becoming increasingly attractive to foreign companies looking to establish a company in Myanmar. Myanmar is undergoing transformational change. Reforms first initiated in 2010 have gained significant and seemingly irresistible momentum. The Government appears determined to put light between itself and almost five decades of military rule and isolationism. In the last two years it has permit economic liberalisation and gradual moves towards a multi-party system. By-elections held in 2012 – which reflected a groundswell in popular opinion for National League of Democracy (NDL) party led by popular opposition leader and Nobel Peace Prize winner Aung San Suu Kyi – were generally considered to be free and democratic albeit within a restricted constitutional structure that guarantees the military unelected representation in parliament.

    Despite the democratic shortcomings in the existing framework, the Government has pursued the legal, social and economic reforms necessary to start Myanmar on the path to moderisation. Since embarking on its reform agenda, the Government has introduced numerous new laws and regulations aimed at bringing about improving governance, ensuring greater state transparency, providing for greater freedom of speech and assembly, achieving reconciliation with ethnic minorities and re-integration with the international community, preparing the way for both public and private second reform and attracting much needed international trade and investment.

    Popular measures include the release of NLD leader Aung San Suu Kyi, increases in health and education spending, the cancellation of controversial infrastructure projects, the flotation of the Kyat, tax reforms, the establishment of special economic zones (SEZ’s) and the introduction of a new foreign investment law. These initiations have been welcomed by the investment community.

    In November 2012, U.S. President Barack Obama became the first sitting U.S. President to visit Myanmar. The State visit was reciprocated in May 2013, when Myanmar President Thein Sein became the first leader of Myanmar to visit the White House. In the last twelve months, the E.U., Australia, Norway and Canada have revoked economic sanctions whereas the U.S. has suspended most of those it has imposed. In 2014, Myanmar assumed the Association of Southeast Asian Nations (ASEAN) chairmanship for the first time.

    Establishing a company in Myanmar, establishing operations in Myanmar and starting a company in Myanmar are becoming more attractive. Charltons has experience in navigating the Myanmar Companies Act 1914.

    2014特码生肖数字表:Establishing a company in Myanmar

    Establishing operations in Myanmar

    Myanmar companies act

    Legal advice establishing a company in Myanmar

    Hong Kong law firm establishing operations in Myanmar

    Legal advice on Myanmar companies act 1914

    Foreign company establishing operations in Myanmar

    Myanmar law firm

    Myanmar company setup

    Foreign companies in Myanmar

    Association of Southeast Asian Nations (ASEAN) chairmanship

    Myanmar Foreign Investment Rules
    Section 27A of the Myanmar Companies Act
    Doing business in Myanmar
    Dica Myanmar
    Company Set Up n Myanmar

    Privacy Preference Center

    Strictly Necessary

    Cookies that are necessary for the site to function properly.

    gdpr, PHPSESSID

    Performance

    These are used to track user interaction and detect potential problems. These help us improve our services by providing analytical data on how users use this site.

    _ga, _gat, _gid, _atuvc, _atuvs

  • 庆祝中国人民解放军建军90周年大会在京隆重举行 2019-07-02
  • 匹夫有责之一百一十二—道义大义的博客—强国博客—人民网 2019-06-28
  • 李盈莹又演砸了?42扣10中表现还不如一边缘主攻 2019-06-04
  • 洪崖洞、长江索道、李子坝轻轨站……这些网红景点21年前的模样你知道吗? 2019-06-04
  • 苹果高管驳斥iPhone计划报废说 iOS 12就是证据 2019-05-07
  • 热门楼盘趁势而入迎热销 红六月正式上线 ——凤凰网房产天津 2019-04-29
  • 国家税务总局:国地税改革进入具体实施操作阶段 2019-04-28
  • 习近平关于生态环境保护的十个精妙论述 2019-04-28
  • 生态环境部严厉打击转移倾倒固体废物及危险废物 2019-04-27
  • 马克思的每个人全面而自由发展,是人的最高需求层次理论。 2019-04-22
  • 空调还装墙壁上?聪明人都是往这里装,好看又省地 ——凤凰网房产 2019-04-22
  • 这下就真的更加坐实你的老蚕了,所有网友都是见证!想赖都赖不掉了。 2019-04-20
  • 空姐,到底要不要漂亮?-光明时评 2019-04-18
  • 沃尔沃全新S60高性能版官图曝光 2019-04-18
  • [视频]《乡村振兴战略大家谈》第六集4分钟精编版 2019-04-12
  • 上品十三水做 江西时时彩2元网 新疆25选7的开奖号 一码全中什么意思 中国职业蓝球联赛赛程 香港正版特码资料 大仙预测一头一尾中特 足球社区app 凯斯娱乐城佣金 彩票双色球中6个红球 河内5分彩五星个位走势 吉林快3开奖走势图 淘宝快3那里玩 老时时彩杀号方法 足彩