Announcement regarding overtime-working hours issued

Announcement regarding overtime-working hours issued

The Myanmar Investment Commission (“MIC”) issued an announcement in relation to the overtime-working hours’ as per the Factory and General Labour Laws Inspection Department (“FGLLID”). The announcement was posted by DICA on October 3, 2019
Amendment of fees for company incorporation and annual return filing

Amendment of fees for company incorporation and annual return filing

On 20 September 2019, the Ministry of Investment and Foreign Economic Relations issued Notification No. 84/2019 (the “Notification”), in connection with the prescribed fee inter alia towards company registration, annual filing fee, etc, as detail
Foreign investors allowed to trade on Yangon Stock Exchange

Foreign investors allowed to trade on Yangon Stock Exchange

In exercise of the power conferred under Section 71 (b) of Securities Exchange Law 2013, Securities and Exchange Commission of Myanmar (the “Commission”) issued the Notification No.1/2019 (the “Notification”) on 12 of July 2019. This Notifica
Permitting Foreign Companies and JV Companies to export certain Local Products

Permitting Foreign Companies and JV Companies to export certain Local Products

The Ministry of Commerce issued Notification No.24/2019 (the “Notification”) on the 6th of June 2019, in exercise of the power conferred under Section 13 (b) of the Export and Import Law 2012. MOC has allowed foreign companies and JV companies to
Notification on payment of proper stamp duty

Notification on payment of proper stamp duty

Recently on 14 May, 2019, the Ministry of Planning and Finance as an awareness initiative, made an announcement in connection with the timeline for payment of proper stamp duty. The Ministry stated that every instrument must be stamped on or prior to
New Gambling Law passed by Pyidaungsu Hluttaw

New Gambling Law passed by Pyidaungsu Hluttaw

The Pyidaungsu Hluttaw recently passed a new Gambling Law (Pyidaungsu Hluttaw Law No.13/2019) on 7th May, 2019 (the “Law”), replacing the previous Gambling Law, 1986.As understood, the Law was drafted during 2017, on the premise of request receiv