It’s been a while, but a new edition of our newsletter is available on our homepage.
The President’s Office published on its homepage yesterday the names of the new members of the Myanmar Investment Commission (MIC). The MIC had been disbanded following the establishment of the new government. Investment proposals could be filed, but no new investments obtained MIC approval since 25 March 2016. Newspapers report that there is a backlog of about 100 proposals and it is hoped that this backlog will be worked off soon.
Please find the names of the new MIC members inside this edition of our newsletter.
With effect 1st June 2016, DICA altered its filing fees. The filing fee for registering a private company was reduced from Ks. 1,000,000 to Ks. 500,000; other filings have become significantly more expensive.
We have, for the benefit of our readers, included an English translation of the Road Transport Business Law in this newsletter.
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