Investment Policy Measures

29 results
Myanmar

Myanmar

20 Apr 2022

Exempts foreign investors from forex rules to promote FDI

On 20 April 2022, the Central Bank of Myanmar (CBM) announced an exemption for certain foreign direct investment (FDI) projects from their recently announced requirement to convert foreign currency balances to Myanmar kyat (MMK) to [...]

Myanmar

Myanmar

02 Apr 2022

Established the Foreign Exchange Supervisory Committee

On 13 May 2022, Myanmar’s State Administration Council (SAC) published Order No. 28/2022, dated 4 April 2022, that provides for the establishment of the Foreign Exchange Supervisory Committee (FESC) to approve foreign currency conversion, [...]

Myanmar

Myanmar

26 Jun 2019

Investment Promotion Committee launched

On 26 June 2019, the Ministry of Investment and Foreign Economic Relations formally launched the Investment Promotion Committee at a ceremony held in Nay Pyi Taw. This Committee is expected to create a fair and prosperous society by [...]

Myanmar

Myanmar

19 Nov 2018

Myanmar establishes new investment ministry

The Union Assembly, on 19 November 2018, approved the formation of a new ministry called the Ministry of Investment and Foreign Economic Relations. The new ministry is expected to promote local and foreign investments, protect the [...]

Myanmar

Myanmar

08 Nov 2018

Foreign banks are allowed to provide commercial services to local businesses

According to notification No. 6/2018 released on 8 November 2018, the Central Bank of Myanmar allowed all branches of foreign banks to provide commercial services such as financing and other banking services to local businesses. [...]

Myanmar

Myanmar

01 Aug 2018

New Myanmar Companies Act takes effect on 1 August 2018

The new Myanmar Companies Act, which the President approved on 6 December 2017, takes effect on 1 August 2018. Under the new Act, foreign investors are allowed to hold up to 35 per cent of shares in a domestic company without the company [...]

Myanmar

Myanmar

01 Aug 2018

Thirteen Foreign Banks are Allowed to Offer Import Financing Services

The Central Bank of Myanmar (CBM) gave clearance to 13 foreign banks seeking to provide import financing services. Foreign banks in Myanmar are still prohibited from providing retail banking services like savings accounts and loans [...]

Myanmar

Myanmar

01 Aug 2018

Re-registration of companies within six months

Along with the enactment of the new Myanmar Companies Law, the Myanmar Investment Commission asked all companies in the country to re-register within six months from the date when the law takes effect on 1 August 2018. This move, partly [...]

Myanmar

Myanmar

26 Jul 2018

Allows local and foreign investment in mining

Starting from 26 July 2018, local and foreign investment in mining operations in Myanmar will be permitted, following an assessment of the industry’s environmental impacts. However, investors are required to seek permission from the [...]

Myanmar

Myanmar

09 May 2018

Myanmar liberalises the wholesale and retail sector

On 9 May 2018, the Ministry of Commerce issued Notification 25/2018, which allows 100 per cent foreign ownership of businesses operating in the wholesale and retail sectors (other than “small” convenience stores). However, foreign [...]

Myanmar

Myanmar

20 Apr 2018

Issues a Notification related to investment in the education sector

On 20 April 2018, the Myanmar Investment Commission (MIC) issued a Notification (7-2018) allowing foreigners to make full capital investments in private schools. According to the Notification, the MIC may permit domestic or foreign [...]

Myanmar

Myanmar

08 Mar 2018

Foreign investors are permitted to invest up to 80% in agriculture sector

Foreign businesses have been allowed to invest up to 80 percent in Myanmar's agriculture sector instead of 49 percent previously, according to Myanmar Investment Commission (MIC). [...]

Myanmar

Myanmar

06 Dec 2017

Adopts the new Myanmar Companies Act

On 6 December 2017, the President approved the Myanmar's new Companies Act, replacing the country’s old Companies Act of 1914. The new Act aims to adopt international best practices related to company formation, business registration [...]

Myanmar

Myanmar

12 Jun 2017

Allows foreigners to trade in some industries even without Joint Ventures with Myanmar citizens

On 12 June 2017, the Ministry of Commerce issued Notification 36/2017 to permit foreign companies to engage in trading of fertilizers, seeds, pesticides, hospital equipment, and construction materials. Previously, only local companies [...]

Myanmar

Myanmar

10 Apr 2017

Issues lists on promoted sectors and restricted investment activities

The Myanmar Investment Commission (MIC) issued the list of Promoted Sectors (Notification No. 13/2017) on 1 April 2017 and the list of Restricted Investment Activities (Notification No. 15/2017) on 10 April 2017. According to the [...]

Myanmar

Myanmar

30 Mar 2017

Myanmar introduces the "Myanmar Investment Rules"

On 30 March 2017, the Ministry of Planning and Finance published the 'Myanmar Investment Rules' (Notification 35/2017), as a follow-up to the new Myanmar Investment Law enacted in October 2016. Most of the amendments are re-phrasing [...]

Myanmar

Myanmar

22 Nov 2016

Myanmar eased investment restrictions on foreign-local joint ventures

On 22 November 2016, the Ministry of Commerce has revoked a ceiling on the amount of funds that a foreign-local joint venture trading firm can use in its operations. Foreign investors engaged in joint venture businesses with Myanmar [...]

Myanmar

Myanmar

18 Oct 2016

Enacts the new Investment Law

On 18 October 2016, the new Investment Law of Myanmar was enacted, which consolidates the Myanmar Citizens Investment Law and the Foreign Investment Law. Compared to the old legislation which required all investment proposals to obtain [...]

Myanmar

Myanmar

07 Jul 2016

Myanmar allows foreigners to set up joint ventures for trading in construction materials

On 7 July 2016, Myanmar’s Commerce Ministry issued Notification No. 56/2016 which allows trade in construction materials, provided that foreign investors engage in such activities in joint ventures with local firms. [...]

Myanmar

Myanmar

24 Mar 2016

Myanmar amends the list of foreign investment restrictions

On 24 March 2016, the Myanmar Investment Commission (MIC) issued notification (No. 26/2016) amending the list of foreign investment restrictions. According to the notification, seed and rubber production - the production and distribution [...]

Myanmar

Myanmar

22 Jan 2016

The Union Parliament approved the Condominium Law to allow 40 per cent foreign ownership

On 22 January 2016, Myanmar’s Union Parliament passed the Condominium Law that will permit foreigners to own up to 40 per cent of a condo building. The Condominium Law applies to high-rise residential buildings having at least six [...]

Myanmar

Myanmar

05 Jan 2016

Myanmar passed a new Arbitration Law

On 5 January 2016, the Union Parliament of Myanmar passed a new Arbitration Law (Law No. 5/2016). The new law provides a comprehensive legal framework for the conduct of domestic and international arbitration arising in Myanmar. This [...]

Myanmar

Myanmar

29 Dec 2015

Parliament passed a motion for the initial development of the Kyaukphyu Special Economic Zone

On 29 December 2015, the Parliament of Myanmar passed a motion to commence the development of the Kyaukphyu Special Economic Zone (SEZ). Kyaukphyu SEZ is a 1,600 hectares area in Rakhine State and is planned to be developed as a “trade [...]

Myanmar

Myanmar

24 Dec 2015

Myanmar passed a new Mines Law

On 24 December 2015, the Union parliament adopted a new Mines Law (Law No. 72/2015) to amend the Mines Law of 1994. This law introduced several major reforms favourable to foreign investors, including: (1) changing the practice of [...]

Myanmar

Myanmar

17 Dec 2015

Myanmar introduced a new Investment law

On 17 December 2015, the Parliament approved the new Investment Law, consolidating and replacing the 2012 Foreign Investment Law and the 2013 Myanmar Citizens Investment Law. According to the new law, the Myanmar Investment Commission [...]

Number of policy measures per economy (since 01 Jan 2010) 1 95