On 14th May 2018, the Myanmar National Committee of Minimum Wage (“Committee”) issued the Notification No. 2/2018 (“Notification”) to repeal and replace its Notification No. 2/2015 dated 28th August 2015 to increase the minimum wages for employments in Myanmar. According to the Notification, effective from 14th May 2018, the minimum wages of MMK450 per hour… Read More
On 9th May 2018, the Ministry of Commerce of Myanmar (“MOC”) issued its Notification No. 25/2018 to regulate and facilitate wholesale and retail sale businesses (“Notification”). The Notification applies to all wholesale and retail sale businesses owned and operated by foreigners or Myanmar nationals or their joint ventures. 1. Wholesale and Retail Sale Under Under… Read More
On 22nd March 2018, the Directorate of Investment and Company Administration (“DICA”) published its Notice on New Electronic Companies Registration System to set out rules and procedures for online company registration, filings and communications with the Company Registration Office. The objective of the Notice is to support the implementation of the Myanmar Companies Law 2017… Read More
On 20th March 2018, Pyidaungsu Htuttaw passed the Deed Registration Law 2018 (“DRL”) to repeal and replace the Registration Act 1908. The effective date of the DRL will be determined later in a notification to be issued by the Government. The DRL establishes the Registration Office for registration of deeds for movable properties and immovable… Read More
On 5th March 2018, the Myanmar National Minimum Wage Committee increased the rates of the standard minimum wages for employees in Myanmar under the Minimum Wages Law 2013 (1) from MMK450 per hour to MMK600 per hour and (2) from MMK3600 per day (8 hours) to MMK4,800 per day. This is a 33% increase from… Read More
Effective from 15 March 2018, LawPlus Myanmar Ltd. has moved to Unit No. 520, 5th Floor, Hledan Centre Corner of Pyay Road and Hledan Road Kamayut Township, Yangon, Myanmar Our telephone numbers remain +95 92 6111 7006 and +95 92 6098 9752. Please click here for our location map. Please click here for the profile… Read More