Myanmar Investment Law (Draft) 2016

Myanmar Investment Law (Draft)

(2016, PyidaungsuHluttaw Law No. 40)

2nd, Waning of Thadingyut, 1378 M.E. (18, October, 2016)

The Pyidaungsu Hluttaw hereby enacts this Law.

(Unofficial Translation October 10, 2016)

Chapter (1)

Title and Definition

1. This Law shall be called the Myanmar Investment Law.

2. The following expressions contained in this Law shall have the meanings given here under:

• (a) Union means the Republic of the Union of Myanmar.
• (b) President means the President of the Republic of the Union of Myanmar.
• (c) Government means Union Government of the Republic of the Union of Myanmar.
• (d) Ministry means the Ministry of Planning and Finance.
• (e) Commission means the Myanmar Investment Commission formed under this Law.
• (f) Member means any members of the Myanmar Investment Commission, including the Chairman and the Vice-Chairman.

Doctor On Call – On demand Healthcare Service Startup in Myanmar

Myanmar’s first on-demand healthcare service startup “Doctor on Call” is going to be hype.

The company was started off their very first healthcare service operation ceremony and company’s service introduction in last 4^th December 2015.

The company was founded by Mr. Htun Htun Naing – a serial entrepreneur in Myanmar ICT

Knowing the history of Small and Medium Enterprises, SMEs in Myanmar

Myanmar has adopted the market – oriented economic system in 1988. Appropriate measures has been undertaken, the underlying aspect in doing so are decentralizing the central control, encouraging private sector development, allowing foreign direct investment, initiating institutional changes and promoting external trade by streamlining export and import producers. According, laws, orders, rules, regulations and notifications which had prohibited or restricted the private sector from engaging in economic activities were replaced and many laws and rules were amended to be in line with the change of time and circumstances.

The Union of Myanmar Foreign Investment Law (FIL) was enacted in November 1988 and the procedures prescribed in December 1988 encouraging foreign direct investment. Myanmar has opened the doors to foreign investment to participate actively in exploiting the natural resources thereby enhancing long – term mutually beneficial cooperation.

Phandeeyar : Myanmar Startups Accelerator goes up

Calling all Myanmar start-ups: Do you have a good idea and proof the market likes it? If so, downtown Yangon innovation lab Phandeeyar may have US$25,000 for you.

The community tech hub has gone live with its new start-up accelerator, a six-month program targeted at companies with no significant previous funding, offering budding businesses access to capital, mentorship and a suite of free services valued at more than $200,000.

Since Phandeeyar opened its doors in 2014, the non-profit has run lots of events and worked extensively with the market’s tech start-ups, according to founder and CEO David Madden.

Business Investment Opportunities in Myanmar (Burma)

The Government of the Republic of the Union of Myanmar warmly invites responsible investors to seek and seize business opportunities in Myanmar to accelerate sustainable economic growth.

Seize Investment Opportunities in Myanmar …
… in AGRICULTURE