Events

Myanmar Banking and Finance Update

August 05, 2015 - 2:00PM-5:00PM
Location: VDB Loi Conference Room (Floor 20, Unit 4, Bitexco Financial Tower, 2 Hai Trieu, Ben Nghe Ward, Dist. 1, HCMC, Vietnam)

Download: Event Brochure

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Several important policy developments have taken place since the enactment of the Foreign Exchange Management Act in 2012 affecting not only Myanmar banks, but also foreign investors, Myanmar enterprises raising funds overseas and the entire financial services space. In this uniquely practical seminar, VDB Loi’s Edwin Vanderbruggen shares his experiences in dealing with the Central Bank of Myanmar and explains how the rules have changed. What can businesses do to cope with this dynamic environment?

VDB Loi Partner Edwin Vanderbruggen will present on the following topic:

  • Signed and sealed – first onshore financing deals completed
  • Which foreign loans may not be approved by the Central Bank, and why?
  • How to best bring capital (equity) into Myanmar?
  • For which cash extractions is Central Bank approval now required?
  • The use of offshore bank accounts by foreign investors and Myanmar companies
  • How can microfinance institutions be funded? Experience in obtaining approvals
  • Offshore versus onshore financing structure: how to connect the offshore and onshore portions?
  • Which lending structures reduce withholding taxes and stamp duty?

Attendance is by invitation only. The registration is free of charge. Places are limited so booking in advance is required. To reserve and request invitation, contact Le Thi Thanh Thuy (thuy.le@vdb-loi.com) or call 08 3914 7272 ext.102/cell phone: 01208283668.

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