Contains provisions from the companies act 1914 and the. Nay pyi taw, april 28 myanmar investment commission mic held its regular meeting via video conferencing system, this morning. Myanmar companies law 2017, pyidaungsuhluttaw law no. Notifications 2016 notifications 2017 orders orders 2016 orders. Draft myanmar companies law unofficial translation 1. The details of implementation will be further announced under new notifications, and expected to be in force in mid2018. New myanmar companies law, corporate support services pwc. Myanmar law library this work is licensed under a creative commons attributionsharealike 4. Myanmar companies law english and burmese version from dica pdf 1. This law shall be called the myanmar investment law. The president of the union of myanmar signed the myanmar companies law the new law on 6 december 2017.
Overseas corporation overseas corporation means a company incorporated outside myanmar. In this newsletter, we have outlined certain key developments in this new law. A guide to the myanmar companies law 2017 download pdf share via email share via linkedin join our mailing. Myanmar special economic zone rule eng the partnership law draft myanmar version special company act 1950. On 6 th december 2017, the myanmar companies law 2017 mcl was passed to replace the myanmar companies act 1914 mca in order to modernize the current legal structures of companies and enhance foreign investment in myanmar 1.
Myanmar investment law the pyidaungsu hluttaw law no. News and stories directorate of investment and company. Definition of foreign company foreign company is now defined as a company. In order to carry on business in myanmar, overseas. The following expressions contained in this law shall have the meanings. Guide to the myanmar company law berwin leighton paisner. Myanmar companies law english and burmese version from dica. Part i commencement and definitions division 1 name, commencement and definitions 1. In late november 2017, the myanmar parliament approved the new myanmar companies law.
A guide to the myanmar company law in late november 2017, the myanmar parliament approved the new myanmar companies law the new companies law which is now awaiting the presidents signature to become law. Signed into law by the president on 6 december 2017. The president of the union of myanmar signed the myanmar. Investors should note that foreign investment in specific sectors is regulated through other laws such as the myanmar investment law 2016 and laws on property ownership. On 6th december 2017, the myanmar companies law 2017 mcl was passed to replace the myanmar companies act 1914 mca in order to modernize the current legal structures of companies and enhance foreign investment in myanmar. Implementation of the companies law will be postponed until august 2018. The new myanmar companies law 19 th december, 2017. Funding for this ilo publication was provided by the united states department of labor project mmr10usa. Laws and rules directorate of investment and company.
826 168 999 738 1449 1371 310 470 117 329 1215 1306 1452 1254 1399 1254 1047 1493 531 344 160 1274 476 390 1397 883 905 885 603 1054 669 800 832 1187 241 916 31