ANNOUNCEMENT 31 Jan 2013

In January 2013, the government of Myanmar announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Jan 2013 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

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:

  • extraction of crude oil in up to a certain depth
  • small and medium scale mining
  • wholesale of semi-finished products and iron ores
  • and several other manufacturing businesses and services.

The measure is therefore likely to affect investors in the agriculture and mining/oil business.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A