DICA
28
Nov
2018
Online registration of mortgages and charges becomes operational on MyCO
As of late last week, online registration of mortgages and charges on the new electronic companies’ registry system, Myanmar Companies Online (“MyCO”) has become operational. This is achieved using the prescribed ‘Form H’ to comply with the statutory requirements under Section 229 of the Myanmar Companies Law 2017 (“MCL”), whereby Myanmar companies are required to […]
31
Aug
2018
Corporate Compliance: Is DICA’s Anti-Corruption Code of Ethics an extension to Myanmar anti-corruption regulation?
No sooner was the Myanmar Companies Law passed its effective date of August 1, 2018, when the Directorate of Investment and Company Administration (“DICA”) the company regulator in Myanmar, published an announcement on ‘Anti-corruption Code of Ethics for Companies and Body Corporates’ (the “Code”). But what exactly does the Code herald for businesses?
26
Jun
2018
DICA releases draft Category H forms for registration of matters relating to mortgages and charges
In preparation for the launch of the new electronic companies’ registry system, Myanmar Companies Online (“MyCO”), the Directorate of Investment and Company Administration (“DICA”) is preparing a set of prescribed forms to collect the information required to be submitted to the Companies Registrar under the Myanmar Companies Law 2017 (“MCL”). In order to raise public […]
31
May
2018
PTD Draft Directive on Tariffs for Telecom Licensees (VDB Loi Insights This Month)
      HIGHLIGHT OF THIS MONTH From our Telecommunications, Media and Technology Team PTD Draft Directive on Tariffs for Telecom Licensees Telecom licensees in Myanmar have an obligation under their license to seek and obtain PTD approval for tariffs prior to launch of the relevant telecom services, pursuant to section 29 of the Telecommunications […]
31
Jan
2018
Updated list of MIC Team Members
The Union Government of Myanmar has issued an updated list of members for the Myanmar Investment Commission. This list is in effect starting from 18 January 2018. There are only a few changes compared to the previous list of members. Please see the list below. 1 Chairman U Kyaw Win Union Minister Ministry of Planning […]
28
Nov
2017
M&A in Myanmar’s Fast-Growing Media Sector: Not a Done Deal Yet
Foreign investments in the media sector have not been active in Myanmar this year. One of the probable reason could be the lack of clarify over foreign ownership in this sector. In this brief we analyze the restriction over foreign ownership according to the laws and requirements from the particular authorities in Myanmar.
23
Nov
2017
Five Potential Pitfalls in the Myanmar Companies Law
In our previous client briefing note, we outlined five key things to look forward to under the Myanmar Companies Law (“MCL”). Following on from this, and as part of our continued coverage of the MCL, we will outline five potential drawbacks with regard to the MCL and how they may affect companies in practice. 1. […]
1
Nov
2017
E-Government, Change of Financial Year, New Trademark Law (VDB Loi Insights This Month)
VDB LOI YANGON OFFICE RELOCATION VDB Loi Yangon Office Relocation We are Expanding!    We are proud to announce that our Yangon office has been relocated to a new and state-of-the-art office in Junction City on 30 October 2017. Please find our new location’s address as well as telephone and fax numbers below: Level 10, […]
1
Nov
2017
Foreign Workers and Stay Permit Extensions
New rules for appointment and resignation of foreign experts The Investment Monitoring Division of the Directorate of Investment and Company Administration (“DICA”) has issued an Announcement, which came into effect on 21 October 2017. The Announcement pertains to the appointment of foreign experts as senior management, technical experts or consultants. In order for the appointment […]
15
Sep
2017
Corporate M&A Myanmar Update 2017
Tough cuts to tax holidays for expansion and reinvestment in 2017 Investment Rules | Applying for an MIC Permit under Myanmar’s New Investment Rules | The Ministry of Industry continues its recent spree of privatizations with two new tenders | Myanmar dramatically cuts list of 92 activities requiring a local partner down to 22 | First ever transfer of shares from a Myanmar company to a foreigner
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