Myanmar: foreign investment rules issued
February 11, 2013On 31 January 2013, the Ministry of National Planning and Economic Development issued foreign investment rules (FIR) via Notification No. 1/2013.
The FIR provides additional details and guidance on the Foreign Investment Law of 2012 (FIL).
Briefly, the FIR includes guidance on:
- Business classifications
- Various terms and conditions for foreigners investing in Myanmar
- Transfer of shares in entities formed under the FIL between Myanmar citizens and foreign nationals, and vice versa. Such transfers, however, require pre-approval from the Myanmar Investment Commission, which is granted at their discretion
- The role of the Directorate of Investment and Companies Administration with regard to foreign investments in Myanmar
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