Law & Regulation
Highlight Law and Regulation
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Myanmar Passes Long-Awaited Trademark Law
Myanmar’s long-awaited Trademark Law was signed into law on January 30, 2019, establishing the framework for a comprehensive trademark registration system open to both foreign and domestic trademark owners. Once the administrative bodies and enabling legislation to support this system are in place, all existing trademark owners who have recorded their rights under Myanmar’s old system will have to file new applications to protect their marks under the new law.
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30/01/2019 -
Myanmar: Local Banks Can Now Accept Foreign Equity Investments of up to 35%
The Central Bank of Myanmar (CBM) issued Circular Letter 1/2019 on January 29, 2019, stating that domestic private banks will now be able to accept up to 35% equity investments from foreign banks and financial institutions. The Circular Letter comes into effect immediately. Domestic private banks that wish to accept foreign investments under the circular are required to submit a set of documents to the CBM, including a copy of the mutual agreement describing the equity investment ratio, the terms and conditions of the investment, and others.
Read More29/01/2019 -
Myanmar Language Labeling Required on wide Range of Product
Myanmar’s Central Committee for Consumer Protection issued Notification 1/2018 on October 26, 2018, which requires labels containing certain information in Myanmar language, jointly or combined with another language, to be affixed to certain products sold in the country. The notification is intended to ensure the safety of consumers.
Read More26/10/2018 -
Myanmar Increase Minimum Wage
The National Committee on Minimum Wage issued Notification 2/2018 (the Notification) on May 14, 2018, which enters into force on the same date and sets the new minimum wage in Myanmar to be MMK 600 (approximately USD 0.45) per hour and MMK 4,800 (approximately USD 3.6) per eight-hour workday, irrespective of the type or location of work. This new minimum wage increase does not apply to small and family-owned businesses with less than 10 employees.
Read More14/05/2018 -
Myanmar opens Retail and Wholesale business to 100% Foreign Owned Company
On May 9, 2018, Myanmar’s Ministry of Commerce (MoC) issued Directive 25/2018 (the Directive) permitting 100% foreign owned companies, and joint venture companies established between Myanmar citizens and non-Myanmar citizens, to conduct retail or wholesale business in Myanmar, provided that they meet minimum initial investment requirements, register with the MoC, and comply with certain operational restrictions.
Read More09/05/2018
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Recent Law and Regulation
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New Consumer Protection Law Enacted in Myanmar
Pyihtaungsu Hluttaw Law No. 9/2019—Myanmar’s new Consumer Protection Law—was enacted on March 15, 2019, repealing the previous law and providing a clearer legal framework for the protection of consumers in Myanmar. The date of implementation is March 15, 2019, with the exception of the product label requirement, which will enter into force one year after the date of enactment.
Read More15/03/2019 -
Myanmar: Local Banks Can Now Accept Foreign Equity Investments of up to 35%
The Central Bank of Myanmar (CBM) issued Circular Letter 1/2019 on January 29, 2019, stating that domestic private banks will now be able to accept up to 35% equity investments from foreign banks and financial institutions. The Circular Letter comes into effect immediately. Domestic private banks that wish to accept foreign investments under the circular are required to submit a set of documents to the CBM, including a copy of the mutual agreement describing the equity investment ratio, the terms and conditions of the investment, and others.
Read More29/01/2019 -
Myanmar opens Retail and Wholesale business to 100% Foreign Owned Company
On May 9, 2018, Myanmar’s Ministry of Commerce (MoC) issued Directive 25/2018 (the Directive) permitting 100% foreign owned companies, and joint venture companies established between Myanmar citizens and non-Myanmar citizens, to conduct retail or wholesale business in Myanmar, provided that they meet minimum initial investment requirements, register with the MoC, and comply with certain operational restrictions.
Read More09/05/2018
