The environmental conservation law 2012 the pyidaungsu. Post clearance audit system which allow inspection for book keeping, records. The legal framework for sezs in myanmar does not establish clear procedures and lines of responsibility and accountability. The general readers will also find it interesting and informative. The following expressions contained in this law shall have the meanings given hereunder. Legislations and rules related to labour and employment in myanmar have been brought under one single framework by a united nations agency, summarising major issues ranging from minimum wage, public holidays, medical leave to child employment. Myanmars 2014 special economic zones sez law does not conform to the states international law obligations to protect human rights. Mukdahan special economic development zone trading and multimodal transportation center 11 subdistricts along the border area of muang mukdahan, wan yai, and don tan districts with a total area of 578. The rules, issued by the directorate of investment and company administration dica, comprise of 22 chapters and 225 articles for investors interested in investing in the countrys special economic zones. Yangon region to get second special economic zone ye mon, myat nyein aye 14 dec 2016 yangon region chief minister u phyo min thein informed mps of the intention to build a new sez in southern yangon region at a special meeting earlier this month, according to. Sezs gained greater prominence when china began using them as part of its modernisation agenda. Now it is restored and integrated, with a new structure and many more documents. Special economic zones chapter 7 the business of transition. With a view to endeavoring for the development of processing and manufacturing sector, government of the republic of the union of myanmar enacted the private industrial law in 1990 and promotion of cottage industries law in 1991.
Such wide coverage makes this book a unique treatise on special economic zones. Under the myanmar companies act mca companies must maintain proper books of accounts which are required to be kept at the registered office of the company. Since 2010, the myanmar government has implemented political and eco. Since its inception as one of myanmars new special economic zones sezs in 20, the kyaukphyu special economic zone kpsez in rakhine state has faced major challenges attempting to meet the. Links provide access to primary documents, legal commentary, and general government information about specific jurisdictions and topics. E 23rd january 2014 the pyidaungsu hluttaw hereby enacts this law.
View special economic zones research papers on academia. Since 2010, the myanmar government has implemented a broad platform of political and economic reforms aimed at spurring growth and increasing the countrys participation in the global economy. This law is relevant to all the special economic zones. Directorate of investment and company administration. Based on english common law and shaped by myanmar case law, the general law reflects principles of equity, justice and good conscience. Duties and taxes are levied on any imported and exported goods before releasing them from customs. We can setup your company in 1day without you stepping your foot in myanmar during this. Participation exemption no real property tax holding company regime no incentives two main laws provide incentives to foreign investors. Yangon city development plans 202020 pdf september 4, 20 by author digging through a stack of local newspapers i bought on my last trip to yangon i ran across this city plan for the development of yangon, inclusive or ring roads, green belts and flyover highways connecting west yangon to the thilawa special economic zone. Composed of 60 eminent judges and lawyers from all regions of the world, the. States promulgate and amend their internal legislation and administrative measures for the purposes of protecting the environment and promoting environmental management and sustainable development. Notification no 552019 the formation of myanmar investment commission. A special economic zone sez is an area in which the business and trade laws are different from the rest of the country. Special economic zone law, enacted in 2014, which stipulates that the developer or investor may lease the land for up to 50 years upon payment of a lease fee, a period which can be extended a further 25 years.
For more than a year, the online burma myanmar library. Special economic zones in myanmar and the state duty to. Interesting law knowledge propagation is that the law website being uploaded by the uag office. Gabon is a bustling business hub with rapid development and expansion. On the whole, myanmar has made great strides in the last seven years and the. Myanmar special economic zones, part iii josh wood, guest contributor 25 oct, 2014 special economic zones have been highly successful in several east asian economies, kickstarting new waves of foreign direct investment, employment and growth. Yangon, xinhua myanmar is negotiating with a chinese consortium to carry out a strategic deepsea port in kyaukphyu, western rakhine state, as part of the planned special economic zone sez in the region, according to a report of the official global new light of myanmar sunday. In myanmar, capital gains are treated as income and fall within the scope of the income tax law. Yangon region to get second special economic zone the.
Myanmar special economic zones, part i new mandala. This law shall be called the myanmar special economic zone law. This law shall be called the myanmar special economic zones law. Myanmar special economic zones law the pyidaungsu hluttaw. Tak special economic development zone comprises 14 subdistricts in the 3 districts of tak province, as follows. Myanmars economic zones can be special the myanmar times. Also given in this book are documents containing the policy framework of states.
In this article we have provided all the reference books, authors and topics and contents about the book the special economic zones act 2005. Duties and taxes general department of customs and excise. The law separates sezs into exportoriented free zones. Designed for the smartphone, this app keeps you informed with the latest news from eleven media group in the palm of your hand. Enterprise licence corporate entity carrying out business in a special economic zone. They generate jobs, attract foreign investment and improve local businesses. Myanmar lost millions of dollars a day in border trade with china this week due to the coronavirus, but a major foreign investment in. The overarching legislation that is relevant to all special economic zones sezs in myanmar is the 2014 special economic zone law, enacted on january 23, 2014. Subscribe now and get the benefit from our compilationsclick here to download now. Under myanmar law, this must conform to the world bank policy on. Based in yangon and we provide provide the following services to foreign investors. Special economic zone law in myanmar brief background the special economic zone sez law was enacted on 23 january 2014. General information on myanmar special economic zones. Myanmar s 2014 special economic zones sez law does not conform to the states international law obligations to protect human rights.
Special economic zones directorate of investment and. Under this law, a special economic zone is defined as the zone notified and established by the. By implementing the special economic zone law in 2014, the country paved the way for the development of purposebuilt zones for businesses, companies and industries focused on attracting foreign entrepreneurs, enterprises, and organizations with international experience to boost the level of technology, infrastructure, and systems in myanmar. Myanmar special economic zone law, 2014 dezan shira. Special economic zones as noted, the purpose of the law on special economic zones law on sez is to promote economic development in certain regions that are considered underdeveloped by increasing and attracting investments, productivity, competition, and jobs. Myanmar president vows to keep country on democratic. Response to supply chain disruption during covid19 the vietnam perspective. Myanmar special economic zone law, 2014 2014, the pyidaungsu hluttaw law no. This law shall apply to all special economic zones. Chapter 4 chinas investment in special economic zones in africa 69. The myanmar law information system is a website providing service of the myanmar law information sel font zawygione pyidaungsu by menu all search union laws subordinate legistration of union laws region or state laws self administrated zone division laws treaty precedent schedules or forms. Thailands special economic zones in border provinces 8 d. Convenience translation accuracy not guaranteed myanmar. Currently, myanmar has myriad sectoral, ministerial and subnational plans.
The international labour organisation ilo published its guide to myanmar labour law on september 28. Myanmars 2014 special economic zones sez law does not conform to the states. The law has paved the way for special economic zones sezs in myanmar. The thilawa special economic zone located on the outskirts of yangon is the first special economic zone sez built in myanmar, and had become fully commercially operational in september 2015.
Investment in the special economic development zones. As parliament debates amendments to the minimum wage law, the irrawaddy discusses the state of industrial relations with two leading trade unionists. Progress, emerging challenges, and future directions. Myanmar special economic zones law burmese myanmar law. Khandelwaly matthieu teachoutz february 2016 1introduction myanmar is a developing country that ranks among the most dif. Secure your prelims examination through our monthly current affairs, compilations of standard books ncerts. This has contributed to human rights violations and abuses at myanmars. Notification no 822019 voluntary winding up companies list. Consult myanmar for fruitful investment in myanmar for. These are like a separate island within the territory of india. Mariel special development zone is a special economic zone under construction in cuba, with the intention to attract. Western tak can serve as a connecting corridor to yangon, which is the economic centre of myanmar. Special economic zones in myanmar and the state duty to protect human rights. Special economic zone myanmar business setup worldwide.
Yangon city development plans 202020 pdf official adapt. Shenzhen the poster child of sezs previously a small fishing village, is. Please help us keep these uptodate by sharing information on any developments or corrections through email protected. This law shall be called the myanmar special economic zone. Saksayam chidchob, minister of transport of thailand leda delegation to myanmar to attend the 9th myanmar thailand joint coordinating committee jcc meeting for the comprehensive development in the dawei special economic zone and its related project areas, cochairing with h. General knowledge india part one free ebook download pdf. Union election commission lawmyanmar special economic zone lawlaw amending the amyotha hluttaw election lawdawei special economic zone law. For advice on setting up in a sez in myanmar contact us. Laws, rules and notifications directorate of investment and. Chinas coronavirus epidemic is hitting myanmars important manufacturing and tourism industries as well as disrupting border trade, but in the.
We prepared some important topics in general knowledge w. Kyauk phyu in rakhine state, dawei in the thanintharyi region and the thilawa in yangon region. This work and any original materials produced and published by open development mekong herein are licensed under a cc bysa 4. This was replaced by the myanmar investment law in 2016 so as to. 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. Member of union of myanmar federation of chambers of commerce and industry umfcci. Special economic zone law of myanmar linkedin slideshare. In order to carry out their implementation, the central body. The myanmar special economic zone law the state peace and development council law no. Download pdf and explore documents platform slidelegend. One objective of these reforms is to bring about structural change that makes myanmar more reliant on the manufacturing sector. Burmas dawei area undergoing property boom due to planned special economic zone, april 5, 2011 this entry was posted in myanmarburma.
The ministry of economic development med was formed with a mandate to oversee all activities and matters related to trade and the economy. Aug 16, 2017 5656 yangon city development committee conclusion yangon region, being the largest urban agglomeration area in the country, contributes around 20% to the total national gdp as well as the region has the highest per capita gdp in the union of myanmar. Employers, owing, private, similarly, special economic zones law, telecommunication law, the logistics performance index, tourism, world bank, yangon no flight available. Tax on disposals made by a nonresident foreigner, is to be paid in the same. Areas declared as a special economic zones may be designated. Inside thilawa sez, where both the hard and soft infrastructure from roads and utilities to supporting services such as maintenance are. It is the ideal place for the global wood industry to meet. Policeman among 5 killed in delhi violence over caa gs3. In 2017, the century old companies law was substantially revised. This guide to law online burma contains a selection of burmese legal, juridical, and governmental sources accessible through the internet. Development continues on three special economic zones in. Iied briefing arrangements to encourage businesses to set up shop in specific. Capital gains are taxed at a rate of 10% where the proceeds of all assets disposed exceed mmk 5,000,000 for resident companies and 40% for nonresident companies.
The functions of the ministry include the registration of different types of businesses, investments, companies and intellectual properties among other trade related entities. Investors in the special economic zones in myanmar are not under the ambit of the foreign investment law, but under the special economic zone law, hence, they need to get the investment permit from the management committee of the respective special economic zones, where they invest. There is a broad consensus in myanmar that the accelerated development of industries is crucial to becoming an industrialized modern nation. Absent a statute regulating a certain matter, courts must apply myanmars general law. Pdf download, publishing, discovery documents platform. Bilateral investment treaties bits other investment agreements. Thilawa special economic zone management committee. The mic is comprised of representatives and experts from government ministries, departments and governmental and nongovernmental bodies. The issue of future economic growth of yangon region and the plans of special economic zone. Myanmar special economic zone law 2014 occupation safety and health law draft workmens compensation act 1923 as amended in 1951 and 2005 rights of the persons with disabilities law 2015. In january, the myanmar government implemented a special economic zone law, which allows for tax exemptions for up to seven years for foreign and local investors, and is expected to allow companies interested in investing in the projects to bypass unnecessary bureaucracy one major issue for potential foreign investors in myanmar. The mimu provides an overview of the myanmar based interagency coordination teams and a coordination contact list. Myanmar special economic zones, part iii new mandala. Special economic zones act, 2012 pakistan board of.
News article summaries are extracted from their sources, as guided by fairuse principles and are ed by their respective sources. Open development mekong this is the overarching legislation in myanmar regarding sezs. The guide is designed as a quick reference to identify the main rights, powers, and obligations of employers, workers, unions1, and government under myanmar labour law. The myanmar investment commission mic is responsible for verifying and approving investment proposals and regularly issues notifications about sectorspecific developments. Lawplus 1 special economic zone law 2014 enacted on 23rd january 2014 to promote development of special economic zones for. Since the first sod was turned in 2008, the dawei special economic zone has been mired in controversy.
Myanmar introduces special economic zone rules 2 years. The special economic zones act 2005 pdf book is free and available here to download as a pdf. Burmas dawei area undergoing property boom due to planned. Special economic zones in greater mekong subregion corridors 9 f. The myanmar sustainable development plan msdp is the expression of our national development vision a vision that finds resonance in the global sustainable development agenda. The special economic zones act 2005 pdf book finance updates. Laws relating to environmental conservation in myanmar. The exhibition would display the latest products and innovations in the wood and forestry industry in the region. Mechanisms 80 progress, challenges, and potential 91. The myanmar law information system mlis is a website providing service of the myanmar law information. Aims and objectives 69 chinas overseas zones in africa. Legislative framework for special economic zones open. Myanmar foreign investment law was issued in 2012 to promote and regulate foreign investments.
General information on myanmar special economic zones i the quantity of sezs the development of special economic zones sez in myanmar is governed by the myanmar special economic zone law of 2014. Sezs in myanmar have their legal foundation in the special economic zone law of 2014, which came into effect in 2015 with the publication of its rules for implementation. No 1, 2015, special economic zone rules law no 40, 2016, on investment. Zones designated under the myanmar investment law today, the myanmar investment commission mic issued notification 102017 notification which has established which areas of myanmar will be designated as zone 1, regions that are least developed. Sezs and value extraction from the mekong earthrights.
Access to the latest news in politics, business, sports, entertainment and world news. Special economic zones in myanmar and the state duty to protect. Get the full access to the eleven new premium edition. Overview of new myanmar labour law guide the myanmar times. There are different types of duties and taxes collected by customs. This represents an important step forward in developing export oriented industries as the sez law looks to not only provide incentives for export oriented industries but. Special economic zones sezs aim to increase foreign investment and economic. Genuine development will only come to myanmar if, and only if, all. This represents an important step forward in developing export oriented industries as. Reports of corruption, land grabs and environmental degradation have turned public opinion against the scheme, and, since the withdrawal of the italian thai development company in 2012, financial backing has yet to be secured. Special economic zone as per central sales tax, 1956 a special economic zone sez is a geographically bound zone where the economic laws relating to export and import are more liberal as compared to other parts of the country. Sezs are located within a countrys national borders, and their aims include increased trade balance, employment, increased investment, job creation and effective administration. The strategic urban development plan and the urban transport. In last two weeks, we received lots of mails regarding the general knowledge pdf.
It is notable that shenzhen, shantou, and zhuhai are all in guangdong province, and all are on the southern coast of china where the sea is very accessible for transportation of goods cuba. Financial statements must be prepared in accordance with myanmar accounting standards mas. It will prove highly useful for mncs, sez developers, policymakers, lawyers, businessmen and students. The special economic zone sez law was enacted on 23 january 2014.
Tax incentives under the mil depend on the sectors designated and the development of regions and states. Burma law journal 19221927 all india reporter, rangoon 19231937 rangoon law reports 19371942. Translation of existing law another interesting point is the translation of law. Since the 1980s, special economic zones sezs have been considered an important part of a developing countrys policy apparatus. The 1982 citizenship law of myanmar left the rohingyas as stateless and rendered. One of the most commonly cited examples of myanmars newfound reformist zeal are the three special economic zones sezs which passed into law in. The special economic zone law was enacted in 2014, and its implementing rules were published in 2015.
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