On 3rd October 2019, the Myanmar Investment Commission (“MIC”) issued its Announcement on Working Overtime according to the Overtime Procedures of the Factory and General Labour Laws. Companies operating business under MIC permits, MIC endorsements, or Region/State Investment Committee’s permits are required to comply with the followings:- 1. Companies must obtain written consent from the… Read More
On 22nd October 2019, the Directorate of Investment and Company Administration (“DICA”) issued its Announcement to set out the procedures and deadlines companies registered under the Myanmar Companies Law 2017 (“MCL”) to file Annual Returns (“AR”). 1. Private limited companies and public limited companies registered under the MCL are required to file (1) the AR… Read More
The Ministry of Commerce (“MOC“) issued its Notification No. 58/2019 dated 10th October 2019 to set out import license fees for importation of products into Myanmar. The rates of the import license fees are based on the CIF (Cost, Insurance and Freight) value of products according to Section 13(b) of the Export and Import Law 2012… Read More