The Central Bank of Myanmar (CBM) has recently issued new limits on the amount of cash which can be withdrawn from accounts. (more…)

The Ministry of Commerce (MOC) has issued Notification No.8/2021 on 20 Jan 2021 (Notification) specifying the conditions for the import of reconditioned machines. The Notification applies to the import by small and medium sized businesses, it does not clarify what this would mean for other businesses. Key conditions of the import being approved are that they must be in working condition, they must include a 10 year seller warranty and that spare parts must readily be available. A pre-shipment inspection certificate must be included which has been issued less than 6 months prior to shipping.
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Our latest business and legal update from the frontline in Myanmar. With so much happening it's hard to predict what the outcomes will be but hopefully this provides some helpful information and insights. (more…)

The Myanmar Investment Commission’s (MIC) announcement on 20 January 2021 seeks to regulate the use of customs and import duty exemptions by companies operating in Myanmar more tightly.

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Central Bank of Myanmar notice allowing foreign investment in Myanmar banks. Read more
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