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Articles by Aye Thuzar Hlaing
Myanmar Clarifies Rules For Investment Approvals
Yuwadee Thean-Ngarm’s articles from Tilleke & Gibbins are most popular: in Asia in Asia in Asia in Asia in Asia in Asia with readers working within the Construction & Engineering industries Tilleke & Gibbins are most popular: within Government, Public Sector, Cannabis & Hemp and Criminal Law topic(s) The Myanmar Investment Commission (MIC) has issued a notification that gives investors with projects in Myanmar clearer guidance for securing approval and for changing, expanding, or exiting an...
Myanmar Issues New Import And Export Compliance Procedures
Yuwadee Thean-Ngarm’s articles from Tilleke & Gibbins are most popular: in Asia in Asia in Asia in Asia Tilleke & Gibbins are most popular: within International Law, Cannabis & Hemp, Food, Drugs, Healthcare and Life Sciences topic(s) On July 6, 2026, Myanmar’s Ministry of Finance and Revenue introduced revised procedures governing the importation and exportation of goods and vehicles, replacing the framework that had been in place since 2017.
Myanmar’s DICA Issues Guidelines On Company Names
TG Tilleke & Gibbins More Tilleke & Gibbins is a leading Southeast Asian regional law firm with over 250 lawyers and consultants practicing in Cambodia, Indonesia, Laos, Myanmar, Thailand, and Vietnam. We provide full-service legal solutions to the top investors and high-growth companies that drive economic expansion in Asia.
Myanmar Updates Tax Incentive Rules And Allows CNY For Investment Capital
Khin Pearl Yuki Aung’s articles from Tilleke & Gibbins are most popular: in Asia in Asia in Asia Tilleke & Gibbins are most popular: within Cannabis & Hemp, International Law and Transport topic(s) In March 2026, the Myanmar Investment Commission (MIC) introduced two regulatory updates affecting investors planning new investments or implementing MIC-approved projects.
Myanmar Bans Electronic Smoking Devices
Yuwadee Thean-Ngarm’s articles from Tilleke & Gibbins are most popular: in Asia in Asia in Asia in Asia Tilleke & Gibbins are most popular: within Cannabis & Hemp, International Law and Employment and HR topic(s) On February 18, 2026, Myanmar's Ministry of Health issued Order No. 8/2026 announcing the prohibition of electronic smoking devices and related products under the Essential Supplies and Services Law 2012, thus outlawing their use, storage, and trade.
Myanmar Temporarily Waives Customs Duty For Electric Special Vehicles And Machinery
Aye Thuzar Hlaing’s articles from Tilleke & Gibbins are most popular: in Asia in Asia in Asia in Asia Tilleke & Gibbins are most popular: within International Law and Cannabis & Hemp topic(s) On February 2, 2026, Myanmar's Ministry of Finance and Revenue issued Notification No. 19/2026, reducing the customs duty rate to 0% for certain battery‑electric vehicles, machinery, and related spare parts, applicable from February 2, 2026, through March 31, 2026.
Myanmar's Private Security Services Law: Considerations For Foreign Businesses
Aye Thuzar Hlaing’s articles from Tilleke & Gibbins are most popular: in Asia in Asia in Asia in Asia Tilleke & Gibbins are most popular: within Cannabis & Hemp, International Law and Antitrust/Competition Law topic(s) Myanmar's Private Security Services Law, enacted on February 18, 2025, together with its implementing Directive on Applications for a Private Security Services License or Permit issued on June 18, 2025, establishes the country's first comprehensive regulatory framework for both...
Myanmar Reduces Export Earnings Conversion Requirement
Tilleke & Gibbins are most popular: within Cannabis & Hemp, Antitrust/Competition Law and International Law topic(s) On January 7, 2026, the Central Bank of Myanmar (CBM) announced a further relaxation of foreign exchange regulations through Notification No. 2/2026, with an effective date of January 1, 2026. This notification reduces the mandatory conversion requirement for exporters' earnings in foreign currency into Myanmar kyat (MMK).
Myanmar Affirms Cryptocurrency Controls
Khin Pearl Yuki Aung’s articles from Tilleke & Gibbins are most popular: in Asia in Asia in Asia in Asia in Asia in Asia in Asia in Asia in Asia in Asia with readers working within the Retail & Leisure industries Tilleke & Gibbins are most popular: within Cannabis & Hemp, Antitrust/Competition Law and Employment and HR topic(s) A recent warning from the Central Bank of Myanmar (CBM) against cryptocurrency use upholds the country's ongoing strategy of enforcing strict prohibitions on...
Myanmar Updates Trade-Related Fees
TG Tilleke & Gibbins More Tilleke & Gibbins is a leading Southeast Asian regional law firm with over 250 lawyers and consultants practicing in Cambodia, Indonesia, Laos, Myanmar, Thailand, and Vietnam. We provide full-service legal solutions to the top investors and high-growth companies that drive economic expansion in Asia. The Department of Trade under Myanmar's Ministry of Commerce (MOC) issued a schedule of revised service fees for trade-related services, effective October 15, 2025.
Myanmar Reaffirms Corporate Compliance Duties
TG Tilleke & Gibbins More Tilleke & Gibbins is a leading Southeast Asian regional law firm with over 190 lawyers and consultants practicing in Cambodia, Indonesia, Laos, Myanmar, Thailand, and Vietnam. We provide full-service legal solutions to the top investors and high-growth companies that drive economic expansion in Asia.
Myanmar To Enforce Registered Office And Directors' Address Requirements
Myanmar's Directorate of Investment and Company Administration (DICA) has issued an announcement reinforcing compliance obligations under the Myanmar Companies Law (MCL). This follows recent updates to reporting requirements and signals increased regulatory scrutiny regarding registered office addresses and directors' residential information submitted online via MyCO, Myanmar's company registration system.
Myanmar Reforms Foreign Exchange Supervisory Committee
TG Tilleke & Gibbins More Tilleke & Gibbins is a leading Southeast Asian regional law firm with over 190 lawyers and consultants practicing in Cambodia, Indonesia, Laos, Myanmar, Thailand, and Vietnam. We provide full-service legal solutions to the top investors and high-growth companies that drive economic expansion in Asia. On August 6, 2025, Myanmar's National Defence and Security Council (NDSC) issued Order No. 20/2025, announcing a change in the composition of the country's...
Myanmar Changes Documentation Rules For Share Transfers And Director Appointments
Myanmar's Directorate of Investment and Company Administration (DICA) has issued new documentation requirements for Myanmar-registered companies making changes to their shares or directors. Effective January 8, 2025, the DICA will only approve such changes when accompanied by specific supporting evidence as required under the Myanmar Companies Law 2017 (MCL).
Myanmar Issues Cybersecurity Law
TG Tilleke & Gibbins More Tilleke & Gibbins is a leading Southeast Asian regional law firm with over 190 lawyers and consultants practicing in Cambodia, Indonesia, Laos, Myanmar, Thailand, and Vietnam. We provide full-service legal solutions to the top investors and high-growth companies that drive economic expansion in Asia.
Myanmar Expands Export Opportunities For Foreign Companies
Myanmar's Ministry of Commerce (MOC) announced a significant policy change allowing foreign companies incorporated in Myanmar under the Myanmar Companies Law 2017 to export eight categories of locally produced commodities, with effect from December 17, 2024.
New Enforcement Procedures For Myanmar's Tax Administration Law
Following the enactment of the Tax Administration Law (TAL), Myanmar's Ministry of Planning and Finance has issued Notification No. 44/2024, which outlines directives and procedures for addressing violations of tax law provisions. These procedures, which came into force on June 13, 2024, primarily focus on three key areas: tax evasion, impeding tax administration, and failure to preserve secrecy.
New Enforcement Procedures for Myanmar’s Tax Administration Law
Following the enactment of the Tax Administration Law (TAL), Myanmar’s Ministry of Planning and Finance has issued Notification No. 44/2024, which outlines directives and procedures for addressing violations of tax law provisions. These procedures, which came into force on June 13, 2024, primarily focus on three key areas: tax evasion, impeding tax administration, and failure to preserve secrecy.
Myanmar Tightens Requirements For Import Licenses Prior To Arrival Of Goods
On May 30, 2024, the Department of Trade (DOT) under Myanmar's Ministry of Commerce (MOC) issued two measures tightening restrictions on the arrival and storage of imported goods before the necessary import licenses are obtained.
Myanmar's Central Bank Issues Further Warning Against Crypto Trading
On May 24, 2024, the Central Bank of Myanmar ("CBM") issued a public notice warning individuals against participating in the sale, purchase, exchange, or transfer of unregulated digital currencies, as well as unauthorized money transfers.
Myanmar Tightens Requirements for Import Licenses Prior to Arrival of Goods
On May 30, 2024, the Department of Trade (DOT) under Myanmar’s Ministry of Commerce (MOC) issued two measures tightening restrictions on the arrival and storage of imported goods before the necessary import licenses are obtained.
Myanmar Takes Steps To Enable Online Applications For Foreign Experts And Employees
The Myanmar Investment Commission (MIC) has announced the opening of the trial period for MIC-permitted or MIC-endorsed companies to reenter investment data for using the Myanmar Investment Online (MyInO) system. The trial period is open until June 30, 2024. The MyInO system allows for the submission and recordal of applications for investment under the Myanmar Investment Law.
Myanmar Takes Steps to Enable Online Applications for Foreign Experts and Employees
The Myanmar Investment Commission (MIC) has announced the opening of the trial period for MIC-permitted or MIC-endorsed companies to reenter investment data for using the Myanmar Investment Online (MyInO) system. The trial period is open until June 30, 2024. The MyInO system allows for the submission and recordal of applications for investment under the Myanmar Investment Law.
Myanmar Sets Fees for Required Online Retail Business Registration
Myanmar’s Ministry of Commerce (MOC) has released updated information regarding the registration fees for online retail businesses. The fees and criteria, which are included in the MOC’s Export/Import Newsletter No. 17/2023 dated December 28, 2023, are laid out below. Registration Fees The official registration fees vary depending on the applicant type: Companies or other commercial organizations: MMK 70,000 (approx. USD 33.5) for registration and renewal; MMK 3,000 (approx.
Myanmar Allows Market Exchange Rates For Online Platforms And Relaxes Conversion Rules For Exporters
In a significant development on December 5, 2023, the Central Bank of Myanmar (CBM) issued Letter No. FE-1/2937 granting authorized dealer licensed banks (ADLBs) the authority to freely transact in foreign currency trades, buying and selling at the market exchange rate for Myanmar kyat (MMK) as proposed by buyers and sellers through online trading platforms. Offshore remittances, however, must comply with the remittance criteria set by the Foreign Exchange Supervisory Committee.
Lex Mundi Global Merger Notification Guide 2023 – Laos, Myanmar, Thailand - Corporate and Company Law - Thailand
Attorneys from Tilleke & Gibbins have prepared the Laos, Myanmar, and Thailand sections of the recently released Global Merger Notification Guide from Lex Mundi. The guide provides answers to key questions related to the merger notification requirements in jurisdictions of Lex Mundi member firms in 57 jurisdictions around the world.
Myanmar Reminds Public Of Foreign Currency And Exchange Requirements
On August 21, 2023, the Central Bank of Myanmar (CBM) issued a public notice in local newspapers reiterating the rights and obligations associated with holding and exchanging foreign currency. The notice emphasized that foreign exchange-dealing license holders can perform foreign currency exchange business in the country with both cash and travelers' checks.
Myanmar Approves Thai Currency for International Payments and Settlement
On August 14, 2023, the Central Bank of Myanmar (CBM) approved the Thai baht (THB) as a permissible currency for international payments and settlement transactions. This announcement, which took immediate effect with the issuance of CBM Instruction No. 11/2023, reduces currency conversion complications for Thai businesses and investors in Myanmar.
Myanmar Requires Registration Of Online Retail Businesses
Myanmar's Ministry of Commerce (MOC) issued three notifications related to e-commerce on July 21, 2023, classifying online retail businesses as essential services, requiring them to register with the relevant authorities, and setting the criteria for their registration. Under Notification No. 49/2023 the MOC authorized the Department of Trade (DOT) to issue notifications, orders, and directives relating to online retail businesses.
Myanmar Reduces Customs Duty On Vehicles Imported For Assembly
Myanmar's Customs Department issued an internal order reducing customs duty on imports of semi-knocked-down (SKD) and completely knocked-down (CKD) vehicle systems effective for the period of June 1, 2023, to May 31, 2024. The order follows Ministry of Planning and Finance (MOPF) Notification 37/2023, which reduced customs duty on SKD and CKD vehicles and repealed the similar MOPF notifications issued in 2020 and 2021.
Myanmar Reduces Customs Duty on Vehicles Imported for Assembly
Myanmar’s Customs Department issued an internal order reducing customs duty on imports of semi-knocked-down (SKD) and completely knocked-down (CKD) vehicle systems effective for the period of June 1, 2023, to May 31, 2024. The order follows Ministry of Planning and Finance (MOPF) Notification 37/2023, which reduced customs duty on SKD and CKD vehicles and repealed the similar MOPF notifications issued in 2020 and 2021.
Requirements For MIC Companies Transferring Funds Out Of Myanmar
In April 2022, Myanmar's State Administration Council established the Foreign Exchange Supervisory Committee (FESC) to approve foreign currency conversion, make exemptions to foreign exchange restrictions, and permit overseas foreign currency transfers.
Myanmar's Union Tax Law 2023 Encourages Imports Of Electric Vehicles And Solar Panels
In Myanmar, a Union Tax Law is enacted each year to announce the rates of tax set out in the Income Tax Law 1974, the Commercial Tax Law 1990, and the Special Goods Tax Law 2016. The Union Tax Law 2023 (UTL 2023) came into force on April 1, 2023. It sets the rates of special goods tax (SGT), income tax (IT), and commercial tax (CT) for the period of April 1, 2023, to March 31, 2024, and exempts certain goods and services from these taxes.
Myanmar's Rules For Offshore Remittances Of Foreign Currency Take Effect
On April 25, 2023, Myanmar's Ministry of Planning and Finance issued a standard operating procedure (SOP) requiring entities and individuals remitting foreign currency equivalent to more than USD 10,000 out of Myanmar to clear their tax payments prior to the remittance. The SOP took effect on May 1, 2023.
Myanmar’s Union Tax Law 2023 Encourages Imports of Electric Vehicles and Solar Panels
In Myanmar, a Union Tax Law is enacted each year to announce the rates of tax set out in the Income Tax Law 1974, the Commercial Tax Law 1990, and the Special Goods Tax Law 2016. The Union Tax Law 2023 (UTL 2023) came into force on April 1, 2023. It sets the rates of special goods tax (SGT), income tax (IT), and commercial tax (CT) for the period of April 1, 2023, to March 31, 2024, and exempts certain goods and services from these taxes.
Myanmar’s Rules for Offshore Remittances of Foreign Currency Take Effect
On April 25, 2023, Myanmar’s Ministry of Planning and Finance issued a standard operating procedure (SOP) requiring entities and individuals remitting foreign currency equivalent to more than USD 10,000 out of Myanmar to clear their tax payments prior to the remittance. The SOP took effect on May 1, 2023.
Myanmar Announces Additional Reporting Requirements for New Companies
On April 1, 2023, Myanmar’s Directorate of Investment and Companies Administration (DICA) announced additional reporting requirements for newly registered companies. According to the announcement, newly established companies must submit the required information to DICA by email within two months of their registration and before submitting their first annual return (AR) to DICA through the Myanmar Companies Online (MyCO) system as required under the Myanmar Companies Law 2017 (MCL).
Myanmar Introduces Taxpayer Identification Number Requirement
A recent notification (No. 20/2022) from Myanmar’s Ministry of Planning and Finance requires all companies and organizations in Myanmar, including nonprofits, to apply for a taxpayer identification number (TIN) by June 30, 2022, or within 90 days of establishment. TINs were stipulated in the Tax Administration Law 2019, but up until this notification there had been no clear mandatory implementation.
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