Clarification from the Myanmar Investment Commission on appointment of foreign experts
Myanmar Client Alert - 1 December 2017
In October 2017, there was an announcement that investors would need to seek the approval of the Myanmar Investment Commission (“MIC”) before hiring foreign experts going forwards.
Clarification provided
In October 2017, there was an announcement that investors would need to seek the approval of the Myanmar Investment Commission (“MIC”) before hiring foreign experts going forwards.
As there was not much detail in the announcement, there were questions as to whether the announcement would be applicable to all investors, or only those with MIC investment permits.
Key points to note
The MIC clarified on 15 November 2017 that this would only apply to investors with an MIC permit.
How can KPMG help
KPMG can provide advice in areas of concern for investors as well as how best to approach the above issue.
About Client Alerts
KPMG Client Alerts highlight the latest tax and regulatory developments, impending change to law or regulations, current practices and potential problem areas that may impact your company. As certain issues discussed herein are time sensitive, it is advisable to make your plans accordingly.
“Client Alert” is issued exclusively for the in formation of clients and staff of KPMG Advisory (Myanmar) Ltd and should not be used or relied upon as a substitute for detailed advice on the basis for formulating business decisions.
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