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INVESTMENT PROCEDURE IN THE REPUBLIC OF THE UNION OF MYANMAR COLLABORATION BY EMBASSY OF THE REPUBLIC OF KOREA, UMFCCI & KCCI (KORCHAM) BY WAN TIN –PRINCIPAL.

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Presentation on theme: "INVESTMENT PROCEDURE IN THE REPUBLIC OF THE UNION OF MYANMAR COLLABORATION BY EMBASSY OF THE REPUBLIC OF KOREA, UMFCCI & KCCI (KORCHAM) BY WAN TIN –PRINCIPAL."— Presentation transcript:

1 INVESTMENT PROCEDURE IN THE REPUBLIC OF THE UNION OF MYANMAR COLLABORATION BY EMBASSY OF THE REPUBLIC OF KOREA, UMFCCI & KCCI (KORCHAM) BY WAN TIN –PRINCIPAL OF JF GROUP Certified Public Accountants, Auditors & Financial Consultants B.COM,Q,C.P.A, ACCA(Affiliate –UK)

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3 Related Acts, Laws, Rules and Regulations - Myanmar Companies Act (1914) - Myanmar Companies Rules (1940) - Myanmar Companies Regulations ( 1957) - Special Companies Act (1950) - Myanmar Foreign Investment Law, Rules and Regulations (1988) - Myanmar Special Economic Zone Law (SPDC Law No. 8/2010)

4 Contd: Related Laws, Rules and Regulations -The Government of the Union of Myanmar -Order No 39/2010 dated September 30, 2011 as per Section No 14 & 15 of Immovable Properties Restriction Act (1987) -The Income Tax Law, Rules and Regulations (1990) - The Government of the Union of Myanmar -Order No 40/2010 dated September 30,2011 as per Section No 104 of the Law of the Union Government for Foreign Exchange Procedures which is related with Myanmar Foreign Investment Law

5 Contd: Related Laws, Rules and Regulations - The Commercial Tax Law, Rules and Regulations (1990) - Others related Acts, Laws, Rules and Regulations etc which shall be issued by Union Government, Ministries concerns for time- being

6 Procedure for setting up Special Company - How to define the Special Company in the Republic of the Union of Myanmar - What procedures require for setting up the Special Company - Related with Foreign Investment Law

7 Procedure for setting up Foreign Companies under Foreign Investment Law not under Special Company - How to define Foreign Companies - 35% Rule of Definition - Types of Foreign Companies - 100 % FDI - JV Companies - Subsidiaries Companies

8 Procedure for setting up foreign branch / representative office -How to define the Foreign Branch / Representative Office of foreign company incorporated outside Myanmar - What procedures require for setting up foreign branch / representative office

9 Type of Business Activities General economic activities allowed for foreign investors

10 Minimum Foreign Capital Requirement Basically - minimum foreign capital requirement Based on economic activities

11 Ministries Concerns Ministry of National Planning and Economic Development Ministry of Home Affairs Ministries of Related Business Activities Ministry of Foreign Affairs

12 Conclusion :- Additional details information for investment procedure – Please contact as follows:- JF Group (Justice and Fair Group) Certified Public Accountants, Auditors & Financial Consultants Room No.503, Strand Condo, No.33/49, Mahabandoola Panchan Street, KyauktadaTownship, Yangon Region. E-mail- wantin2008@gmail.comwantin2008@gmail.com Phone No: 09-50-20201, 229023, 09-7301-5141, 09-4308-9223 Thank You


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