Myanmar's New Foreign Investment Law Overview
3. The Rules and Notifications
ODFDL
LEGAL & TAX
On 31 January 2013, as per the FIL, the Ministry of National Planning and
Economic Development issued the FIL Rules (the "Rules").
On 14 August 2014, the Myanmar Investment Commission ("MIC") issues
Notification No. 49/2014 concerning types of activities that are
prohibited, must be done in joint venture with a Myanmar citizen, or
require additional approvals from relevant ministries.
MIC also issued Notification No. 50/2014 listing activities that require
Environmental Impact Assessment and Notification No. 51/2014 listing
activities that are not eligible for the tax exemptions and relief usually
offered under the FIL.
The Rules and Notification provide additional details and guidance on the
FIL.
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