Myanmar's New Foreign Investment Law Overview

Notification 49/2014 - classification of activities ODFDL LEGAL & TAX Some activities are only allowed in JV with the State such as: Production and marketing of rare earths, strategic mineral, radioactive mineral, manufacturing and marketing of gems, jewelry and finish products (statue, curving), Production and marketing of explosive chemicals, Production of vaccine and distribution of it, Shipping agency services for foreign owned ships, Dockyard services, Government-Foreign investment hospital/clinics, exploration and production of coal. Business concerning with sales of electricity by establishing hydropower and coal-fired thermal power plants - JV with State required on BOT basis 33

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