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Myanmar Investment Law (The Pyidaungsu Hluttaw Law No. 40/2016)

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Summary

The objectives of this Law are (a) to develop responsible investments which do not cause harm to the natural environment and the social environment for the interest of the Union and its citizens; (b) to protect the investors and their investments in accordance with the law; (c) to create job opportunities for the people;(d) to develop human resources; (e) to develop highly efficient productivity, service, and trading sectors; (f) to develop technology, agriculture, livestock and industrial sectors; (g) to develop various professional fields including infrastructure around the Union; (h) to enable the citizens to be able to work alongside with the international community; and (i) to develop businesses and investments that meet international standards.

Issuer

Myanmar

Year

2016

Region

Asia

Issuer (type)

The Pyidaungsu Hluttaw (Government)

Instrument type

Law

Disclosure instrument

No

Geographical scope

National

Mandatory or voluntary

Mandatory

Text analysis

    • Very High 1.44%
    • Low 0.04%
    • E focus: environment, pollution, restoration, conservation
    • S focus: intellectual property, compensation
    • G focus: financial reporting, responsible investments, corruption
    • Construction, Finance, Management, Manufacturing, Real estate