Guides on the draft Myanmar Companies Law and the Myanmar Investment Law

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Summary: Team members of our BLP Myanmar office have been closely involved the development of the new Myanmar Investment Law. Below is a selection of key updates which track its progress, previously included in our monthly Myanmar Postcard series. In our latest update, we discuss the formation of the new Myanmar Investment Commission.

About the Myanmar Investment Law

The new Myanmar Investment Law is designed to promote and facilitate both foreign and domestic investment in the economy and open more economic sectors to private investment.

Guides on the draft Myanmar Companies Law and the Myanmar Investment Law

The draft Myanmar Companies Law 2017 (the “New Companies Law”) is currently passing through parliament and is expected to be approved before the end of this year. It will be one of the key pieces of legislation providing the foundations for an attractive investment climate in Myanmar. Members of the BLP team were responsible for drafting of the New Companies Law and were involved in the public consultation and revision of the drafts over the past three years or so. We have produced a Myanmar Company Law guide to provide clarification on some of the key changes and possibilities arising from the implementation of the New Companies Law and to recommend steps investors can take to maximise the benefits brought about by the new law.
In addition, the passing of the Myanmar Investment Law 2016 (“MIL”) has brought about significant changes to Myanmar’s investment framework affecting both Myanmar and foreign investors. BLP were engaged by the International Finance Corporation to assist the Directorate of Investment and Company Administration (“DICA”) in drafting the Myanmar Investment Rules which were prepared to implement the MIL. We have produced a  Myanmar Investment Law guide to highlight key points investors should note under the new law and to elucidate key changes from the old regime.

For our top picks for developments taking place in Myanmar, please go to our October 2017 postcard.

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