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Myanmar's Infrastructure Overhaul Lures Overseas Construction Sector

21 Jan 2020

With Myanmar committed to spending US$120 billion on a sorely needed upgrade to its national infrastructure, it was small wonder that Yangon's MyanBuild construction sector expo attracted so many loca...Read More


MYANMAR: Anti-Corruption Move Sees Investment Procedures Set to be Digitalised

17 Jan 2020

In a bid to streamline the country’s business processes, while mitigating the risk of corruption and irregular payments to state officials, the country’s Directorate of Investment and Company Administ...Read More


Myanmar: Market Profile

6 Jan 2020

Myanmar is a low-middle income country, and the economy is supported by abundant natural resources and commodities. Its largest export is natural gas, which provides an increasingly important revenue ...Read More


MYANMAR: Call Issued for Overseas Banks to Participate in New Licensing Round

14 Nov 2019

Overseas banks with existing representative offices in the country are to be invited to bid for new wholesale and retail operating licences....Read More


Myanmar: Visa on Demand

30 Aug 2019

This page provides general information about visa requirements for Hong Kong residents travelling to Myanmar. For residents outside Hong Kong, please contact the nearest embassy or consulate. As the a...Read More


MYANMAR: Online Construction Permit System Set to Cut Processing Time by 50%

19 Aug 2019

The Yangon Building Permit System (YBPS), an online construction permit facility, is to be piloted among duly-accredited architects and construction engineers in Yangon, the country’s commercial capit...Read More


MYANMAR: Trading on Stock Exchange Opened-Up to Non-Locals

2 Aug 2019

Foreign nationals and overseas entities – including locally-registered wholly foreign-owned enterprises as well as joint-ventures with local businesses – are to be permitted to buy shares on the Yango...Read More


MYANMAR: In-Depth Proposals Now Mandatory for Prospective Investors

1 Aug 2019

As of 1 August, this year, prospective investors will be required to supply more information when submitting proposals. In line with this, the Ministry of Investment and Foreign Economic Relations has...Read More


MYANMAR: Overseas Businesses Approved to Enter Food Export Sector

19 June 2019

Overseas investors in the country can now open wholly foreign-owned companies or form joint ventures with local companies for the purpose of exporting goods across seven product categories - rice (inc...Read More


MYANMAR: Legal Action Threatened Against Unauthorised Online Sale of Cosmetics Products

24 May 2019

Retail businesses that import cosmetics products illegally or sell them via online channels without first procuring the requisite licences will now be liable to legal action, according to a recent ann...Read More


MYANMAR: Improved Corporate Governance Standards to Boost FDI

22 May 2019

In a bid to improve corporate governance and transparency in Myanmar, the government is planning to introduce a Corporate Governance Code (CGC) by 2020. Once implemented, the CGC is expected to boost ...Read More


Practical Tips for Manufacturing in Myanmar

20 May 2019

Fuelled by the influx of foreign investment, Myanmar’s manufacturing industry has grown rapidly in recent years. Hong Kong manufacturers looking to invest in the country should be aware of issues rela...Read More


MYANMAR: 2% Export Withholding Tax Reinstated as of 1 May

7 May 2019

The 2% withholding tax on export income was reinstated for all business as of 1 May. The reintroduction of the tax, which was abolished in January 2018 for all registered large and medium-sized compan...Read More


MYANMAR: Five Overseas Life Insurance Businesses Granted National Operating Licences

15 April 2019

Five overseas-owned life insurance businesses – including AIA Hong Kong – have been granted provisional licences to provide insurance services in Myanmar....Read More


MYANMAR: Mobile Phone Sales Liable for 5% Surcharge as of 1 June

12 April 2019

As of 1 June this year, a tax of 5% is to be imposed on all mobile phone handsets and accessories sold in the country. The levy will be calculated on the sales value of each item and charged to the re...Read More


MYANMAR: One-Stop Yangon Service Centre Opened for Overseas Investors

11 April 2019

A One Stop Service (OSS) centre, designed to meet the needs of overseas investors, has been launched in Yangon, the country’s commercial capital....Read More


MYANMAR: First Occupational Safety and Health Law Enacted

4 April 2019

Domestic and overseas companies, including joint ventures, now all fall within the remit of the country’s first Occupational Safety and Health (OSH) Law, which was recently passed by the country’s par...Read More


MYANMAR: Licence Restriction Lifted on Importing Auto-Parts for Domestic Assembly

22 March 2019

Licences are no longer required for the import of newly-produced automotive parts for use in new vehicles or in domestic assembly/manufacture, providing they comply with a number of statutory requirem...Read More


MYANMAR: Official Boost for Trade and Investment Unveiled

18 March 2019

The Ministry of Commerce and the Directorate of Investment and Company Administration has recently launched the Trade and Investment Project (TIP), an initiative aimed at boosting the country’s commer...Read More


MYANMAR: Overseas Banks Approved for New Branches and Wider Range of Services

27 Feb 2019

In line with a recent statement by the Central Bank of Myanmar (CBM), all overseas-headquartered banks will be permitted to set up wholly-owned subsidiaries in the country by the end of 2020....Read More

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