Myanma Insurance
29
Nov
2017
A Fresh Wave of Acquisitions in the Wake of the New Companies Law?
Myanmar’s economy is already quite open to foreign investment, but the few areas previously entirely closed to foreign ownership have just – nearly all- been opened as well. The new Companies Law 2017 allows, as the reader will by now already know, up to 35% foreign shareholding in any company with Myanmar national shareholders without that company losing its status as a “Myanmar company”, thereby effectively opening up previously closed parts of the economy to foreign minority ownership.
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