Commercial presence of foreign
service suppliers and/ or
providers are permitted in
accordance with the Union of
Myanmar Foreign Investment
Law 1988 and the Myanmar
Companies Act 1914. Under
this law:-
100% Foreign investment, or
(ii) Joint Venture with a
Myanmar citizen or enterprise
with a minimum of 35% equity is
permitted. Minimum foreign
capital is USD 300,000 for
services. Form of incorporation
can be partnership of limited
company.
(b) Incorporation of an enterprise
not involving state enterprise is
to be made under the Myammar
Companies Act 1914. Minimum
share capital (in cash)
requirement for services
companies and branches is
equivalent of K 300,000 in USD
at current official rate.
If the investment involves a
state enterprise. Incorporation
shall be made under the Special
Companies Act 1950 and
Myanmar Companies Act 1914.
Foreign organization and persons are not allowed to own
land in Myanmar. However land
may be acquired on long term
lease, depending on the
individual circumstances.
(d) Subject to the Union of
Myanmar Foreign Investment
Law, Myanmar Lab our Law and
Immigration Laws,
Management. Professional and
Technical Experts, unless
mentioned otherwise are
allowed to stay up to one year
and may extendable thereon