Myanmar's New Foreign Investment Law Overview

FIL― General Attributes of FIL ODFDL LEGAL & TAX Government guarantee against expropriation. Same in old and new law. Foreign exchange benefits (guaranteed remittance of profits; remittance upon exiting the investment). Same in old and new law. Equity in an FIL company can be transferred with approval of MIC. FIL companies may enter into long-term leases up to 50 years + 10+ 10 Tax holiday. Accelerated depreciation and customs exemptions are the same as the old law with added incentives. 24 24

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