2 mins read · Sat March 27, 2021
The Myanmar Investment Law 40/2016 (MIL) is the key law regulating and promoting investment in Myanmar. The MIL provides investors with tax incentives and allows foreign investors to enter into long term land leases.
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2 mins read · Wed March 10, 2021
The Ministry of Commerce (MOC) has just issued notification 24/2021 on 8 March 2021, their latest import regulations for the import of vehicles by car showrooms. This is an annual occurrence with the MOC updating the import requirements every year.
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2 mins read · Tue March 9, 2021
The regulation for importing heavy vehicle and machines has been updated by the Ministry of Commerce (MOC) on 8 March 2021 pursuant to notification no. 25/2021.
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1 mins read · Fri March 5, 2021
The Central Bank of Myanmar (CBM) has recently issued new limits on the amount of cash which can be withdrawn from accounts.
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1 mins read · Thu March 4, 2021
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 […]
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1 mins read · Wed February 17, 2021
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.
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2 mins read · Sun January 24, 2021
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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1 mins read · Fri February 1, 2019
Central Bank of Myanmar notice allowing foreign investment in Myanmar banks. Read more
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1 mins read · Sun January 13, 2019
Finance sector watchers have waited on news about the liberalisation of Myanmar’s insurance sector for years.
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1 mins read · Sun December 9, 2018
The SCM team recently attended the Ayeyarwady Region Investment Fair in beautiful Ngwe Saung. It was an initiative of the MIC, the Regional Government, JICA and JETRO and brought together senior officials from Union and Regional Ministries, trade commissioners, business leaders from domestic and foreign companies, business associations and investment professionals for an investment seminar, […]
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