ANNOUNCEMENT 31 Jan 2013In January 2013, the government of Myanmar announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
On 31 January 2013, Myanmar promulgated a regulation that elaborates upon the Foreign Investment law enacted in 2012. That regulation restricts the investment of non citizens to certain sectors. Chapter II of the law further explains the sector limitation for foreign investments. Sectors that can only be carried out by citizens are prescribed in Schedule I , II and III of the law. This includes:
The measure is therefore likely to affect investors in the agriculture and mining/oil business.