Myanmar foreign investment law pdf

The government of the union of myanmar has been striving hard to promote all round development of national economy to improve provisions of food, clothing and shelter for the people so as to ameliorate their living standards. The new myanmar investment law mil took effect in 2017 to combine the old citizens investment law and the myanmar investment law. Myanmar investment law reform asiapacific research and. This law shall be called the myanmar investment law. This update to the most important investmentrelated legislation helps establish the coherent legal framework for both domestic and foreign investors.

Statement on foreign investment law of myanmar the government of the union of myanmar has been striving hard to promote all round development of national economy to improve provisions of food, clothing and shelter for the people so as to ameliorate their living standards. Myanmar companies law english and burmese version from. Foreign investment law burmese and english myanmar law. Myanmar investment law, the ministry of planning and finance, with the approval of the union government, hereby issues these rules. Union government means the union government of the. This means that nobody can deny the importance of myanmars new foreign investment law. The republic of the union of myanmar pyidaungsu hluttaw.

Burma law times 19071920 indian law reports rangoon series 19231937 burma law journal 19221927 all india reporter, rangoon 19231937 rangoon law reports 19371942. Investment promotion and facilitation in myanmar chapter 5. The foreign investment law the pyidaungsu hluttaw law no 212012 the 3rd waning of thadingyut, 74 me 2nd november, 2012 the pyidaungsu hluttaw hereby enacts this law. The new myanmar companies act takes effect from 1 august 2018. The following expressions contained in this law shall have the meaning given hereunder. The government of the republic of the union of myanmar the. Investor means a myanmar citizen investor or foreign investor who invests within the union in accordance. The expressions in these rules shall have the same meanings in the myanmar investment law. Regulation and protection of investment in myanmar chapter 4. Foreign investment law of 2012, only the myanmar investment commission. Ministry of investment and foreign economic relations mifer. In this connection steps have been taken to ensure mass participation with maximum utilization of the faculties of. This law shall be called the foreign investment law.

Myanmar investment guide 2018 directorate of investment. The following expressions contained in this law shall have the meanings given hereunder. Based on data for actual and approved foreign direct investment fdi from 19892011, this paper explores the major trends in fdi in myanmar, focusing on changes over time in the source and sector of investment. The following expressions contained in this law shall have the meaning given. Combines the foreign investment law 2012 and the citizens investment law 20 proposals under the new law submitted since april 2017 distinguishes between citizen investor and foreign investor citizen investor includes enterprises established only by citizens which is at odds with the draft of the new companies law but see rule 4 b the new investment law mic. Under the myanmar investment law mil, foreign companies investing under a permit from the myanmar investment commission mic can enter into a 50year lease agreement with two 10year extensions.