Articles
9
Aug
2017
Client Alert: Water supply project opportunity in Myanmar
One of Myanmar’s larger cities plans to implement a water supply project serving approximately 150,000 residents. Based on a feasibility study which was carried out, the project would have to comprise several treatment facilities and more than a dozen elevated tanks. The necessary land for each one of the facilities has been earmarked by the […]
3
Aug
2017
New Law and Access Petro Products (VDB Loi Insights This Month)
      HIGHLIGHT OF THIS MONTH From Our Energy and Natural Resources Team   The New Law and Market Access for Petroleum Products in Myanmar A combination of recent law and policy developments has put in motion a tectonic shift for the fuel sector in Myanmar. Since a few months, foreign investors have a […]
31
Jul
2017
Buying Shares in a Myanmar Microfinance Company
Foreigners looking to acquire a stake in a Microfinance Institution (MFI) are often faced with various hurdles. Without the proper guidance and know-how, it is quite difficult to navigate the regulatory requirements and legal challenges involved in such an acquisition. Here we simplify the steps involved for the benefit of potential investors. Approximately 168 MFIs […]
31
Jul
2017
The New Law and Market Access for Petroleum Products in Myanmar
A combination of recent law and policy developments has put in motion a tectonic shift for the fuel sector in Myanmar. Since a few months, foreign investors have a much larger access to invest in petroleum products businesses, and are no longer required to conclude a joint venture with the Ministry of Electricity and Energy […]
31
Jul
2017
Some Key Issues in Myanmar Environmental Requirements for Hydropower Projects
Myanmar is rich in various natural resources and has advantages due to its geographical location. It has huge water potential, with its four major river systems, which is essential for hydropower projects. The rising national power demand, appreciation of foreign investments by the government and high interest in the hydropower sector, all these factors are […]
31
Jul
2017
Myanmar withholding tax: Pitfalls to avoid for non-residents
Authors: Jean Loi , Ngwe Lin Myat Chit Although many taxpayers think that the withholding tax (“WHT”) regime in Myanmar has only been in place since 2010, it has actually been on the books since the enactment of Income Tax Law in 1974. With the issuance of Notification 41/2010, a formal WHT regime began to […]
4
Jul
2017
Cuts to tax holidays (VDB Loi Insights This Month)
The Myanmar regime of investment-related tax incentives has been updated by the new “Investment Rules”, officially known as Notification 35/2017 (“Rules 2017”). One of the key issues for investors is the tax exemption for expansion of projects that already received an MIC permit under the Foreign Investment Law 2012 (FIL).
30
Jun
2017
MIC lists ten priority sectors for quicker approvals
The Myanmar Investment Commission (MIC) has announced ten priority areas, according to a statement on the Directorate of Investment and Company Administration’s website. Investors submitting proposals in the area will be given priority, with foreign and local investors welcome to invest in the areas, the statement said.. It is not clear from the statement how […]
30
Jun
2017
Tough Cuts to Tax Holidays for Expansion and Reinvestment in 2017 Investment Rules
The Myanmar regime of investment-related tax incentives has been updated by the new “Investment Rules”, officially known as Notification 35/2017 (“Rules 2017”). One of the key issues for investors is the tax exemption for expansion of projects that already received an MIC permit under the Foreign Investment Law 2012 (FIL). 
30
Jun
2017
PTD Speeds Up Licenses and Reform
The Post and Telecommunications Department (PTD) has been active recently administering and issuing new licenses and pushing for regulatory reform. In this note we outline some key developments in the Myanmar telecom sector in that regard.
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