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The Directorate of Investment and Company Administration notifies companies of requisite documents in filling annual returns The Government defines service fees for trademark registration applications The Yangon Region Investment Committee endorses 11 domestic and foreign enterprises Over 30,000 tonnes of rice worth US$13 million were exported early last month Export licences to traders may be obtained via Tradenet 2.0 system from 1 April Myanmar’s watermelons exported to China at a favorable price Trade Department announces seeking import licences before port arrival of goods will be mandatory Central Bank of Myanmar warns of action against gold market speculators and those spreading price destabilizing rumours Myanmar ships 22,900 tonnes of rubber to foreign markets in February Central Bank of Myanmar revokes forex licences of Myanmar National Airlines and 20 other companies Ministry of Commerce reports 53 more electrical vehicles arrived at the Yangon Port Yoma Strategic to restructure debt for a suspended project in Yangon A lack of licence applications on Tradenet 2.0 platform results in the cancellation of the import quota The Directorate of Investment and Company Administration reports 400 companies failed to submit annual returns in February China buys 75% of Myanmar’s rubber production Sedona Hotel in Yangon sold to Spring Blossom Ventures for US$57.4 million Myanmar to export 100,000 tonnes of onions between 2023 and 2024 Over 2,200 applications submitted to the General Administration of Customs of the People’s Republic of China by over 1,200 Myanmar food processing businesses within the past 15 months

DOING BUSINESS IN MYANMAR

Establishing a business in Myanmar

Charltons advises clients on setting up a business in Myanmar including the setting up a business partnership, setting up a limited company, sole proprietorships, proprietorships joint ventures, branch companies and wholly foreign-owned subsidiaries.

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MYANMAR ECONOMY

Myanmar Economic Reforms

It is widely hoped that the process of political and economic reform currently taking place in Myanmar will be the catalyst for turning the country’s obvious economic potential into sustainable and inclusive economic growth just as they have already precipitated a suspension of economic sanctions and helped improve Myanmar’s standing within the international community.

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Investing in Myanmar

Charltons advises on the legal aspects of investing in Myanmar, including, but not limited to investments under the Myanmar Investment Law (2016), the Myanmar Companies Law (2017) and the Special Economic Zone Law (2014).

Myanmar Updates

Charltons provides updates on legal and business developments in Myanmar together with information on public tender.

Listing Myanmar Companies in Hong Kong

Charltons Myanmar advises on listing Myanmar companies on the HKEx (Hong Kong) and on group restructuring in preparation for listing...