SCM Legal | Myanmar | News and Resource

NEWS & RESOURCES

Jun 2, 2021

Myanmar concessional import licence fees have ended

Myanmar has ended concessional flat rate import licence fees

May 25, 2021

New solar tender

The Electric Power Generation Enterprise (EPGE) under the Ministry of Electricity and Energy published, on 24 May 2021, an invitation to...

May 11, 2021

Central bank providing additional relief to banks

The CBM issued two directives on 7 May 2021, changing the reserve requirments and the method of calculating the liquidity ratio.

May 6, 2021

Change of control over the General Administrative Department (GAD)

The General Administrative Department (GAD) is central to the functioning of the government administration across the country and forms...

Apr 30, 2021

Myanmar restricts importing food products overland

Myanmar restricts the import of certain food products over its land borders, mainly affecting trade with Thailand and China.

Apr 29, 2021

Penalty relief on late filing of the Annual Return

As part of its corporate compliance requirements, every company in Myanmar must file an Annual Return within two months of incorporation...

Mar 27, 2021

Members are appointed to the Myanmar Investment Commission

The Myanmar Investment Law 40/2016 (MIL) is the key law regulating and promoting investment in Myanmar. The MIL provides investors with...

Mar 10, 2021

Regulations for operating a car dealership in Myanmar

What is required to operate a new car dealership in Myanmar

Mar 9, 2021

Selling heavy vehicles and machinery in Myanmar

Distributing heavy vehicles and machinery for commercial use

Mar 5, 2021

Cash withdrawal limits

The Central Bank of Myanmar (CBM) has recently issued new limits on the amount of cash which can be withdrawn from accounts. In a letter...

Mar 4, 2021

Importing used machinery into Myanmar

The Ministry of Commerce (MOC) has issued Notification No.8/2021 on 20 Jan 2021 (Notification) specifying the conditions for the import...

Feb 17, 2021

Myanmar Business & Legal Update

Our latest business and legal update from the frontline in Myanmar. With so much happening it's hard to predict what the outcomes will be...

Jan 24, 2021

MIC tightening regulations on customs and import duty exemptions

The Myanmar Investment Commission’s (MIC) announcement on 20 January 2021 seeks to regulate the use of customs and import duty exemptions...

Feb 1, 2019

Central bank news on foreign investment

Central Bank of Myanmar notice allowing foreign investment in Myanmar banks. Read more

Jan 23, 2019

Myanmar Insurance Reforms

Finance sector watchers have waited on news about the liberalisation of Myanmar’s insurance sector for years. More than 30 foreign...

Dec 9, 2018

Ayeyarwady Region Investment Fair

The SCM team recently attended the Ayeyarwady Region Investment Fair in beautiful Ngwe Saung. It was an initiative of the MIC, the...

Nov 22, 2018

Myanmar Companies Law re-registration deadline

The Myanmar Companies Law re-registration deadline is looming. All existing Companies - including foreign Rep Offices/Branches – must...

Oct 14, 2018

New Myanmar Companies Law also apply to State Owned Enterprises

Did you know provisions of the New Myanmar Companies Law also apply to State Owned Enterprises? Delighted to have presented a targeted...

Aug 22, 2018

Allowing greater foreign participation in import/export

The Myanmar Government has followed up this week’s blockbuster Companies Law reform by announcing details of incremental liberalising...

Jun 8, 2018

The Myanmar Companies Law 2017

The Myanmar Companies Law 2017 commences on 1 August. Members of the SCM Legal team drafted this law and have been assisting with its...