Allowing greater foreign participation in import/export

The Myanmar Government has followed up this week’s blockbuster Companies Law reform by announcing details of incremental liberalising measures to allow greater foreign participation in import/export - trading business and trade finance. Foreign bank participation in retail financial services and more foreign banking licences are also on the way. We’re hoping to see growth in non-bank financing too.

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Penalty relief on late filing of the Annual Return

As part of its corporate compliance requirements, every company in Myanmar must file an Annual Return within two months of incorporation and then within one month of the anniversary of its incorporati