1 Dec 2016
MYANMAR: 31 December Deadline Looms for Proposals Non-Compliant with Incoming FDI Legislation
With the country’s new Investment Law coming into effect as of 1 January 2017, proposals prepared in line with the previous investment need to be submitted to the Myanmar Investment Commission on or before 31 December this year.
This entitlement refers to any project proposals drafted in compliance with the Foreign Investment Law (2012) and the Myanmar Citizens’ Investment Law (2013). Both of these laws will be repealed under the terms of the incoming legislation.