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FDI: Entry and ownership rule
On November 1st, 2012, the Burmese Parliament passed the Foreign Investment Law (Law No 21/2012). One day later, the President of Myanmar, Thein Sein, signed the new law. This law introduces several changes to an international investment law introduced in 1988 as well some new regulations. In general, the changes facilitate international investment into the local market of Myanmar.
Changes to the 1988 law:
On January 31, 2013 the Burmese Ministry of National Planning and Economic Development issued the Notification 1/2013 and the Notification 11/2013 which provide details on the implementation of the Foreign Investment Law regarding sensitive sectors. The most senstive sector still is the mining sector.
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