foreign investment
30
Jul
2019
How to Create a Tidal Wave of Foreign Investment in Electricity and Infrastructure? By These 5 Steps.
Not much works without electricity, and not much moves without roads, ports and railways to move it on. Infrastructure, including electricity, is the obvious key to unlocking the huge economic potential of Myanmar and the road to prosperity for its people. Highlights of this note We need to improve Myanmar’s reputation by fast-tracking and completing […]
29
Jan
2019
Financing a Myanmar-based Internet Service Provider
The market for Internet Service Providers (“ISP”) in Myanmar is stabilizing. Refinancing strategies, retooling and opportunities for expansion are fueling the need for new cash. Foreign financing remains one of the most obvious ways for ISPs to attract new funding. Highlights Official Approvals for a New Foreign Loan Regulatory Regime of an ISP Due Diligence […]
29
Jan
2019
Insurance Update: Request for Proposal and Invitation Letters for Expression of Interest issued by Financial Regulatory Department
RfP for licenses to carry on life insurance business in Myanmar as 100% foreign company As reported earlier by VDB Loi, (read here: http://www.vdb-loi.com/mlw/myanmar-opens-up-insurance-sector-to-foreign-investors/) when a foreign life insurer wishes to obtain an individual license in Myanmar, it is required to submit a proposal in response to a Request for Proposal (the “RfP”), issued on […]
21
Jan
2019
More Detailed Procedures for Annual Returns of Companies and Overseas Corporations in Myanmar
The new Myanmar Companies Law (“MCL”) introduced refreshed procedures and timing in terms of holding your Annual General Meeting (“AGM”) and filing an annual return in the Myanmar Companies Online (“MyCo”) system. The annual return form for overseas corporations (Form E-7) has been available in the MyCo system since 2 November 2018, while the  annual […]
31
Aug
2018
Ten Ways to Make Myanmar’s Tax Environment More Attractive for Foreign Investment Without Losing Any Tax Revenue
The slogan of the Dutch tax authorities is “We can’t make it more fun, but we can certainly make it easier”. A fair, easy, predictable and efficient tax system is an important factor in attracting foreign investment.
30
Apr
2018
Acquiring a Port Terminal Project in Myanmar
Although others forms also exist, most port terminals with private interests in Myanmar are “Landlord Ports”. That is to say, the port is leased to the private sector for it to operate the port services, for which it invests capital – generally through a concession. Highlights What are the assets of a Target in the […]
25
Sep
2017
Myanmar LNG Update 2017
On 9 September 2016, the Myanmar Ministry of Electricity and Energy (MOEE), through the Myanmar Oil and Gas Enterprise, (MOGE), published a request for Expressions of Interest for the “bulk supply and or terminal of LNG in Myanmar”. Highlights The Myanmar government’s interest in LNG How much LNG does Myanmar need?   No long term […]
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
30
Aug
2017
Myanmar to open up insurance market to foreign investors
The insurance sector in Myanmar is still in its infancy and dominated by the state owned enterprise, Myanma Insurance (“MI”). Through the Myanmar Insurance Law 1993, MI was empowered to engage in all insurance business activities, permit other insurance companies to issue the type of policies as MI authorizes, and monopolize third-party liability and re-insurance. […]
30
Aug
2017
Rights of a Minority Shareholder under the New Myanmar Company Act
After more than 100 years, Myanmar will soon enact a new Companies Act. The current one, Companies Act, 1914 (“1914 Act”), is a product of British colonization.
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