In future, a company would, however, only be considered “foreign” if 35 … In general, a foreign investor prefers to operate through a private company limited by shares in order to limit its liability. Myanmar Company Act . The Public-Private Partnership Act B.E. Foreign employers usually cannot directly engage employees in Myanmar without local corporate presence. Data and Statistics, DICA Myanmar 2. Download the file : Pyidaungsu Hluttaw Law No. Draft Myanmar Companies Law (English Version) 1.23 MB : Download: pdf. » Myanmar Company Act; Myanmar Company Act . 20/2019 - Tax Management Law (Burmese) (PDF - 142 ko) See the document Pyidaungsu Hluttaw Law No. stream Official Employment Contract and Employment Law VII. Key changes to the income tax law are as follows: The UTL 2019 provides a conditional amnesty to encourage taxpayers to self-correct income tax non-compliance that is applicable to income unassessed before 1 October 2019. 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. <> �]Y�:�JխrAV The CPL comes into force on its issuing date, with the exception of its Chapter 18 with regards to the description of goods, which will become effective one year after issuing date. 2 0 obj 1 0 obj Myanmar Companies Act 1914: … %���� Kelvin Chia Yangon Ltd (KCY) is an international legal consultancy that has been in active operation in Myanmar since 1995. Personal Income Tax V. Hiring of Employees & Registration of Employment Contracts VI. The details of implementation will be further announced under new notifications, and expected to be in force in mid-2018. Pursuant to section 18 of this Act, a company, in furtherance of its authorised businesses, has the powers of a natural person of full capacity. Financial Institutions Law (Pyidaungsu Hluttaw Law No. Burma Law Times (1907-1920) Indian Law Reports Rangoon Series (1923-1937) Burma Law Journal (1922-1927) All India Reporter, Rangoon (1923-1937) Rangoon Law Reports (1937-1942 ; 1946-1947) Burma Law Reports (1948-1988) Myanmar Law Reports (1989-until now) Data & Statistics Month . 1/2019 - Traditional Medical Council Law (Burmese) Pyidaungsu Hluttaw Law No. 2. 1 Submit Form A-1 and register the company via MyCO: Myanmar Companies Online (MyCO) under the Directorate of Investment and Company Administration (DICA) Agency The Myanmar Companies Law 2017 (MCL) was approved by the President on 6 December 2017 and came into force on 1 August 2018, together with the Companies Regulations and various The Gemstone Tax shall be calculated on the following basis: (a) the higher of the actual sales value of the gemstone or the sales value prescribed by the Myanmar Gems Enterprise based on the actual sales value, if it is produced domestically; or (b) the landed cost, if it is imported. The old Companies Act 1914 distinguished between Myanmar-owned companies and foreign-owned companies, which also affected ownership, leasing and use of land and immovable property. �m��. Section 1 Section 2 CHAPTER I TITLE AND DEFINITION 2. <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 11 0 R 19 0 R 22 0 R 30 0 R 31 0 R 32 0 R 34 0 R 38 0 R 42 0 R 44 0 R 47 0 R 50 0 R 58 0 R 62 0 R 63 0 R 70 0 R 72 0 R 79 0 R 82 0 R 94 0 R 95 0 R 96 0 R 97 0 R 99 0 R 110 0 R 124 0 R] /MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 28/2019 - Union Taxation Law for Year 2019-2020 (Burmese) on full screen 1. • Special Companies (incorporated under the Special Company Act 1950) Foreign ownership restriction The most common entity form used in Myanmar is a private company limited by shares and a branch office. endobj 90 0 obj <>stream 9/2019) (“ CPL ”). A Myanmar subsidiary may be wholly foreign owned or may be a joint venture with a Myanmar company. Contents Notable points of Registration of Deeds Law; Key provision of fourth Amendment to Myanmar Anti-Corruption Law; Ministry of Commerce Notification No. MYANMAR COMPANIES LAW (2017, PyidaungsuHluttaw Law No.29) 6th December 2017 The Pyidaungsu Hluttaw hereby enacts this Law. The … 2562 (2019) (PPP Act) came into force on 11 March 2019, revoking the Private Investment in State Undertakings Act B.E. As of now, in terms of IP registration, only trademark applications can still be filed at the Registry of Deeds. %PDF-1.5 New Update Law…「2020-08, Union Supplementary Budget Allocation Law 2019-2020 Financial Year」,「2020-09, Region or State Budget Law」, 「Myanmar Mines Rules (English)」, 「Insolvency Law (English)」 2020.6.3: Update Information (Laws1470, regulations373). Dispute Resolution System IX. The President of the Union of Myanmar signed the Myanmar Companies Law (“the new Law”) on 6 December 2017. The 2019 Workplace Safety and Health Law (enacted in March, 2019) A summary and English language translation will be added soon, but the full text is available here in Myanmar language: Full Myanmar language text of the 2019 Workplace Safety & Health Law (PDF) The Factory Act, 1951 (garment factory relevant provisions) – Payroll III. The fees prescribed in Schedule One to this Notification are payable in respect of the matters set out in that Schedule. O endobj Office of the Attort:ley Generc;1l also has plans to publish the Law )ԚoN;Q�&W� <> အစုစပ်လုပ်ငန်းအက်ဥပဒေ (၁၉၃၂ ခုနှစ်) 13.75 MB : Download: pdf. I. 5/2019 - Myanmar Traditional Medical Council Law (Burmese) … Agenda. KCY is the largest and oldest international legal consultancy in Myanmar today. endobj There will be no re-registration process from the current system to the new system and it will follow the first-to-file system. (2) works protected under a treaty on copyright protection of which Myanmar is a member state, provided that they are original works first published in Myanmar or abroad but subsequently published in Myanmar within 30 days from their first publication date. <>>> �����Y�1A`�t�Ek�B�>�,n.�ߓ���b�@�r5��v�� Hm+MXxMT��+��?�3�^!t�%r�_�#*�� ͒�e�ǛOH:�A�5�����!��wӿ|��"��+>87�[͑ �jN����Qbf1E]������F��W�3�3�a��6�3l���G}���iWXP}֧>�T�G�� y9�n��)>oz�� 2. PART I COMMENCEMENT AND DEFINITIONS Division 1 Name, commencement and definitions 1. Myanmar Foreign Investment Law was issued in 2012 to promote and regulate foreign investments. Patent and design registration can therefore be sought after the IP Law is promulgated in Myanmar. Under the amnesty, if the taxpayer invests in purchasing capital assets, construction, acquiring and establishing a new business, and business expansion, such income may be deducted. The new Companies Law 2017 maintains the distinction between a Myanmar-owned company and foreign-owned company. Myanmar Investment Rules; Myanmar Investment Rules (Unofficial Simplified Chinese)\ Myanmar Investment Rules (Unofficial Traditional Chinese Translation) Related Laws. (1) The liability of the members of the company is limited. Download the file : Pyidaungsu Hluttaw Law No. 20/2019 - Tax Management Law … DRAFT MYANMAR COMPANIES LAW TABLE OF CONTENTS ... “company” means a company incorporated and registered under this Law or an existing company; (vi) “contributory” means every person liable to contribute to the assets of a company in the event of its being wound up, and, in all proceedings for determining and in all proceedings prior to the final determination of the persons who … အချက်အလက်နှင့်စာရင်းအင်းဆိုင်ရာ . formed under the Myanmar Companies Act, the Cooperative Society Act, the Law relating to Formation of Associations and any existing law. To be classified as a Myanmar Company, the company was required to be 100% owned and controlled by Myanmar citizens. Particular 1. 57/2018 allowing foreign companies, international NGO … New Update Law…「2020-06, The Traffic Safety and Motor Vehicle Management Law Factories Act 1951 (as amended in 2016) VIII. � �(�������3A9U)���T\�^bI��ll���N�`af��P_���3#.��Mx���8�͔w��Z���Z�O���W9��.��%���o�����?��&�';*������"���Z���+�3�1*�p���s\$�5h�F�{d6�:Eszn���Ó�yˎ�u{ԛG�G� ��q_�*ۄ7��9*�G~L�ce���v J��Ԙ�rN��7L���(�@��[j�;��ER����I�,-tH~ec{ ͘�A�)O�sNo,��-'p_����-�)�� NLTY1�'}�+����9�J����� In this newsletter, we have outlined certain key developments in this new Law. The powers of the board of directors are limited in accordance with section 195 of this Act. 8/2019 from 15 March 2019) Workplace Safety and Health Law To enter into force on the date specified by notification of the president, so not in force yet Union Government to form a Workplace Safety and Health Council (“Council”) with 15 government … 3/2019 - Trademark Law (Burmese & English) Pyidaungsu Hluttaw Law No. The amnesty period will start from 1 October 2019, and expire on 30 September 2020. ��҄�8gԑS6��s�x'�McA�c/��Zm+eR�N�&4�e��8��:���O�lj LAW RELATING TO WORKPLACE SAFETY AND HEALTH (PyidaungsuHluttawLaw No. Pyidaungsu Hluttaw Law No. The institution desirous to carry out the microfinance business shall: (a) draft the memorandum of association and articles of association; (b) manage in accord with the memorandum of association and articles of association by forming the management … 2/2019 - Industrial Design Law (Burmese & English) Pyidaungsu Hluttaw Law No. Draft Myanmar Companies Law (Unofficial Translation) 1.39 MB : Download: pdf. x��\mo�8�^���e`����na�I���h��(��u�\k��E��͐�,:"����,r83� g��=�n�O��垼{w6������}6_o�9��ܔg�O���i��L���r>��슒���߾�$�(�H� Z�4d��훌�d=�d��C��}��� ���i�0�;{i�ڋ�H'+#��}����H$��Qa������,�0���y�cD�m{���(O��"�/E�R�'>U�,-��:��"���d�F�_Q�t�Ԗ�~6Q��z��Y��״L���T�ZuВ˛r���z�_#����3먛�| Legal Framework II. 28/2019 - Union Taxation Law for Year 2019-2020 (Burmese) (PDF - 1.5 Mo) See the document Pyidaungsu Hluttaw Law No. 2 Myanmar Business Guide 1. 20, 2016) 1st Waning of Pyatho 1377 ME (January 25, 2016) Financial Institutions Law(Content)No Pages‐5.docx Content Sr. No Section No. Under Section 32 of the Myanmar Companies Act (MCA), every company having a share capital must, within 18 months from its incorporation and thereafter at least once every year, prepare an annual return within 21 days after the date of the first and or the only ordinary general … "Myanmar Laws(1990)" is under arrangement for publication in the near future. Myanmar Gemstone Law 2019 with the tax rates as provided in the table below. b�툚F�5 ��2�u�V0�����fDo���r��+8��sJ�SE�(R���P������ZE&1�s�T��MC� ���H����Kr�0��m�q���u�? Myanmar Employment Law Ms Nang Kay Si Kham Mr Fabian Lorenz Luther Law Firm Limited 6 August 2018. The taxpayer will … New Myanmar Consumer Protection Law On the 15 th of March 2019, the Union Parliament issued the Consumer Protection Law 2019 (Law No. In 2017, the century old Companies Law was substantially revised. 3 0 obj con~inuation of the publication mentioned above. �+�q���Fg�.��`؋ ]��K�-+�ɯ��7�[6��ӑ��kT+��0m. The new regime retains the distinction of the now superseded Myanmar Companies Act 1914 of “Myanmar Company” and “Foreign Company”. KCY is a part of the network of Kelvin Chia Partnership (KCP), a commercial law firm headquartered in Singapore. 4 0 obj 14. 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. Prescribed Fees and Late Lodgment Fees under the Myanmar Companies Law 2017 In exercise of the power conferred under section 462(a) of the Myanmar Companies Law, the Directorate of Investment and Company Administration issues this Notification. Pyihtaungsu Hluttaw Law No. Year ... pdf. ခုနှစ် အမျိုးအစား ခေါင်းစဉ် Size ; pdf. 3.1.1 Myanmar Investment Law 24 3.1.2 New laws 26 3.2 Manufacturing-related rules and regulations 26 3.2.1 Activities prohibited for 100% foreign ownership 26 3.2.2 Activities permitted as joint venture with Myanmar citizens 26 3.2.3 Activities not allowed to be carried out by foreign The Articles of Myanmar Company Law: 723.28 KB : Download: pdf. Myanmar Update #5 May 29, 2019 Royal Thai Embassy, Yangon, Myanmar Myanmar Law Updates 2019 By Ms. Yuwadee Thean-ngarm Director, Myanmar Tilleke & Gibbins Myanmar Ltd. Sr. No. This was replaced by the Myanmar Investment Law in 2016 so as to combine the regulation of both foreign and domestic investments under one set of laws. Personal … zX�n|��,?�$�->�c8�]�f����]������.E(��������H�Ο�sh��A��5��`S��3�~y1 ڥHQ���i�2��m��?+@}�O��rIi��LeL����gdB20��Ȃ���@��;��W&; ��]�E��+n�`X4��]ܩͯ�����5���-߁�\-�Qn��� �buG�J|�L���l8W��m�y�,����C;]`�; +�(n�/XA5_J�4J��W^(� C.a��ߐ�Ƙ�T;�^a��iPW�1g���-�������ym������z�rhV���D�+��1��>�"��5 f�_��~�o��C�W��r�f� ���c���M��s�4B�4g.��-o�� LABOUR LAW IN MYANMAR 25 th JULY 2019. r9!0A��WQ�I��Դ d���r/�i!G�O�t4d �x�t=-+"�O��C�x�.��F���vH��g�bOBi�O.�a���X��>0���!~DZ�fX��(R�ɳ_�JM� �ӽ���U�.�΅�,�!�� 5�._t�Q�ݞ�K��b⛥I�dNE��U�'��=��_��~0�0%��� ?i�i. Employers must pay social insurance at the rate of 3%, of which 2% is to be paid into the Health and Social Care fund and 1% into the Employment Injury Benefit fund. လ . Investment Related Laws of Myanmar; Special Economic Zone Law; Myanmar Special Economic Zone Rule (Eng) The Partnership Law (Draft Myanmar Version) Special Company Act 1950 %PDF-1.7 %���� Social Security IV. 4/2019 - Myanmar Gemstone Law (Burmese) Pyidaungsu Hluttaw Law No. Section 3 CHAPTER II … The Partnership Act (1932) 13.75 MB : Download: pdf. Citation and commencement of this Law and definitions (a) This Law shall be called the Myanmar Companies Law. Contains provisions from the Companies Act 1914 and the Company Regulations 1957 (partly reworded/rewritten) Borrows liberally from the Australian Corporations Act 2001 Contains distinctly own concepts In general: Existing companies/rep offices/branches are grandfathered in (S. 469(a) CL) SINGLE SHAREHOLDER/DIRECTOR COMPANIES ALLOWED Old CA: Private companies must have at least two … 2556 (2013) (Previous PPP Act).
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