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| (I) RELEVANT
LEGISLATION |
| (5) OTHER
LEGISLATION |
- The Myanmar Partnership Act (1932)
Administers the partnership enterprises and registration of
partnership.
Registration is optional for a partnership.
-Transfer of Immovable Property Restriction Law (1987)
This Law prohibits the transfer of immovable property from foreigners
to citizens, and vice versa.
- The Co-operative Society Law (1992)
Reforms co-operative societies to be in line with the market
economy.
- The State-Owned Economic Enterprises Law (1989)
Identifies areas of economic activities that shall be solely
undertaken by the State sector.
(See Section III.2 on Restriction)
- Law Relating to Fishing Rights of Foreign Vessels (1989)
Focuses on the conservation of marine and freshwater fisheries
to enable systematic operation in fishery activities.
- Law Relating to Aquaculture (1989)
This Law encourages wider participation of foreign investors
and it promotes exports in the aquaculture activity.
- Commercial Tax Law (1990)
Replaces the commodity and services tax for better coverage
of taxes.
- The Central Bank of Myanmar Law (1990)
Streamlines the monetary policy and extend banking services.
- The financial Institutions of Myanmar law (1990)
Intermediation on the money or capital markets.
- Myanmar Marine Fisheries Law (1990)
This is to encourage wider participation of foreign investors
and to promote exports.
- Fresh Water Fisheries Law (1991)
This is to encourage wider participation of foreign investors
and to promote exports.
- The Private Industrial Enterprise Law (1990)
Consolidates and promotes large, medium and small scale private
industries.
- The Tariff Law (1992)
Streamlines the customs tariff rates.
- The forest Law (1992)
Extraction of forest produce.
- Myanmar Hotels and Tourism Law (1993)
Promotes the development of hotels and tourism industry.
- The Myanmar Insurance Law (1993)
Replaces the Insurance Business Law of 1975 and for wider coverage
of insurance activities.
- The Science and Technology Development Law (1994)
Promotes science and technology and co-operation with research
institutes and high-tech oriented organizations.
- The Protection of Wild Life and Wild Plants and Conservation
of Natural Areas Law (1994)
Deals with the enforcement and implementation of policy regarding
the protection of wildlife and natural plants and conservation
of natural areas.
- The Myanmar Mines Law (1994)
This Law relates to the development of mineral prospecting and
exploration works to enhance production of minerals and promotion
of exports. It also aims to enforce and implement mineral resources
policy effectively and also for environmental conservation.
- Myanmar Citizens Investment Law (1994)
Promotes the inducement of domestic investment so as to lead
to promotion of production and exports by the private sector.
- Myanmar Pearl Law (1995)
Implements the policy of the Government relating to pearl production
and marketing. It also encourages and supervises the development
of pearl production, and protects and conserves water area of
oyster fishing grounds from destruction and oysters from extinction.
- Myanmar Gems Law (1995)
The Law promotes the development of gems and jewelry market
in Myanmar, while at the same time enforces and implements
the policy to regulate the trading of precious stones.
- The Insurance Business Law (1996)
Facilitates wider coverage of the insurance business in Myanmar
to meet the growing demand for more sophisticated insurance
needs of the country.
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