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. The ilo guide to myanmar labour law is funded by european union, norway, switzerland united states and the ilo. Publication working paper special economic zones sezs in myanmar. Other aspects of the policy framework for investment in myanmar chapter 9. Special economic zones are defined as designated areas where natural resources mined in or around the zone are processed. The following expressions contained in this law shall have the meanings given hereunder.
The new law aims to change the way companies are regulated in the country. Myanmars economic zones can be special the myanmar times. Myanmar s 2014 special economic zones sez law does not conform to the states international law obligations to protect human rights. Ilo guide to myanmar labour law 2017 eurocham myanmar. General information of 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. These rules shall be called the myanmar special economic zone rules. The development of special economic zones sez in myanmar is governed by the myanmar.
General information on myanmar special economic zones. Decades of civil war and unrest have contributed to myanmar s current levels of poverty and lack of economic progress. The indonesian government unveiled its sixth economic stimulus package on thursday 0511. 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. Myanmar has demarcated an area in rakhine state to establish a special economic zone which aims to attract investors from asean countries and export their goods to china and india, an official. Odmm makes no representation or warranty, either expressed or implied, in fact or in law, with respect to the accuracy, completeness or appropriateness of the data, materials or documents contained or referenced herein. Since 2010, the myanmar government has implemented political and eco. Myanmars new companies law myanmar business network. Myanmar has launched measures to improve the investment climate2 need for a private sector development strategy 8 investment promotion and facilitation 140 active sme promotion in myanmar is in its infancy 144 special economic zones are central to myanmars investment. Special economic zone palu sez palu is the first special economic zone in indonesia which is located in the strategic trading channel in sulawesi.
Sez and cbez including attributes name, type, country and code. Thilawa special economic zone sez, myanmar the thilawa sez, 23 km southeast of yangon, is the first sez to be established by the myanmar government. Public disclosure of draft environmental impact assessment eia report for thilawa special economic zone zone b. 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. Under this law, a special economic zone is defined as the zone notified and established by the. Subsequently, the new myanmar investment law mil came into force at the beginning of april 2017 this fiscal year. Checkley consultants for the freedom of association and social dialogue project, ilo office for myanmar and coordinated by christopher land. The unit may opt out of special economic zone with the approval of the development commissioner and such exit shall be subject to payment of applicable duties on the imported or indigenous capital goods, raw materials, components, consumables, spares and finished goods in stock.
Khandelwaly matthieu teachoutz february 2016 1introduction myanmar is a developing country that ranks among the most dif. Thilawa special economic zone management committee room no. The special economic zones act, 2005 was enacted in order to give long term and stable policy framework with minimum regulatory regime and to provide expeditious and single window clearance mechanism. Myanmar special economic zones law burmese myanmar law.
Acknowledgements the guide was elaborated by jason judd and janet c. Further, it is strategically located between bangkok and saigon at the center of the eastwest economic corridor that links vietnam, cambodia, thailand and myanmar. Investment opportunities in sez palu investment opportunities in sez palu industrial zone commercial zone supporting facilities zone. In myanmar, political and economic ideological struggles have affected living standards. Composed of 60 eminent judges and lawyers from all regions of the world, the. Foreign direct investment law amended revised foreign investment law and it will create more economic opportunities and business friendly environment. Songkhla special economic development zone comprises 4 subdistricts in sadao district of songkhla province including sadao, samnak kham, samnak taeo and padang besar.
Trat special economic development zone comprises 3 subdistricts in khlong yai district of trat province, including khlong yai, hat lek, and mai rut. Dec 11, 2017 myanmars new companies law on december 6, 2017, myanmars president u htin kyaw approved the new myanmar companies act, 2017, replacing the countrys centuryold companies act of 1914. Many southeast asian countries have adopted sezs, which typically involve major investments in infrastructure and demand large amounts of land. Myanmarthilawa special economic zone, kyaukphyu special economic zone and dawei special economic zone special economic zones which offer tax exemptions for different sectors 5 years for production, 8 years for hightech, 2 years for agriculture, livestock breeding and forestry, and 1 year for banking are undergoing preliminary construction. This law shall be called the myanmar special economic zone law. Section 74 in the special economic zones rules, 2006. Intergovernmental negotiations on the post 2015 development.
Apr 04, 2016 publication working paper special economic zones sezs in myanmar. Developer and investor can exchange and transfer their own foreign currency within the. The opening ceremony was attended by vice president u nyan tun and the deputy prime minister of japan taro aso and other officials from. E 23rd january 2014 the pyidaungsu hluttaw hereby enacts this law. Special economic zones in myanmar and the state duty to protect human rights. Big year for myanmar economic reforms the diplomat. Coordination meeting of myanmar special economic zone rules. This latest package involves tax incentives for investment in indonesias special economic zones. Nov 04, 2016 lawplus 7 employment requirements and foreign currency investor must employ skilled myanmar employees at least 25% within 2 years 50% within 4 years 75% within 6 years investor must employ 100% unskilled myanmar employees. On 5 january 2017, the new myanmar companies law mcl was approved by the myanmar government. Page 4 of 10 the law contains several positive references to the important role of media in society, and expands legal protection for media freedoms and the rights of media workers.
Myanmars 2014 special economic zones sez law does not conform to the states international law obligations to protect human rights. Provided that if the unit has not achieved positive net foreign exchange, the exit shall be subject to penalty that. Investment promotion and facilitation in myanmar chapter 5. Myanmar is bordered by bangladesh and india to its northwest, china to its northeast, laos and thailand to its east and southeast, and the andaman sea and the bay of bengal to its south and southwest. Thilawa special economic zone management committee.
They generate jobs, attract foreign investment and improve local businesses. Dear investors or locators, myanmar, being a developing country in transition, is still faced. Promoting sustainable investment in myanmars agriculture. Shenzhen the poster child of sezs previously a small fishing village, is.
Myanmar special economic zones law the pyidaungsu hluttaw. Sezs gained greater prominence when china began using them as part of its modernisation agenda. The law has paved the way for special economic zones sezs in myanmar. Only 8 percent of the total production is used within myanmar, with the rest exported to china. Jan 21, 2016 myanmar thilawa special economic zone, kyaukphyu special economic zone and dawei special economic zone special economic zones which offer tax exemptions for different sectors 5 years for production, 8 years for hightech, 2 years for agriculture, livestock breeding and forestry, and 1 year for banking are undergoing preliminary construction. Development four special economic zones show slow progress. Special economic zones and cross border economic zones.
General information of myanmar special economic zones. The development of four special economic zones in indonesian. Therefore, sez palu is a very strategic integrated logistics zone. The alleged theft of vital financial and statistics data of myanmar thilawa sez holdings company was a case of. The phnom penh special economic zone ppsez was established in 2006 and is located near the phnom penh airport and in close proximity to the largest population cluster of the country. The ministry of national planning and economic development. Apr 09, 2020 charltons advises on the legal aspects of investing in myanmar, including, but not limited to investments under the myanmar investment law 2016, the myanmar companies law 2017 and the special economic zone law 2014. The expressions contained in these rules shall have the same meaning as. Myanmar investment law, 2016 with the registration under the special economic zone law, 2014 for businesses located in a special economic zone as third option. The myanmar special economic zone law chapter i title and. This law shall apply to all special economic zones.
The special economic zone sez law was enacted on 23 january 2014. Kyauk phyu in rakhine state, dawei in the thanintharyi region and the thilawa in yangon region. Special economic zones directorate of investment and. Charltons advises on the legal aspects of investing in myanmar, including, but not limited to investments under the myanmar investment law 2016, the myanmar companies law 2017 and the special economic zone law 2014. Cambodias special economic zones asian development bank. This study examines the role of special economic zones sezs in cambodia, and finds that the sezs have attracted significant levels of foreign investment that would not have been present otherwise. The mcl was drafted by the department of investment and company administration dica of the ministry of national planning and economic development with the assistance of the asian development bank. The zone is being developed in cooperation with the japanese government in two phases. The grand opening ceremony of the phase one of thilawa special economic zone was held wednesday at the zone which is 20 kilometers from the commercial city yangon. Jan 28, 2014 big year for myanmar economic reforms. This law shall be called the myanmar special economic zone. Myanmar special economic zone law was enacted on 23rd january, 2014.
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. One thing was abundantly clear, 2014 is going to be a busy year. Special economic zone law, dawei sez law necessary law such as competition law, consumers protection law are also under process. This represents an important step forward in developing export oriented industries as. This law is relevant to all the special economic zones. Odmm makes no representation or warranty, either expressed or implied, in fact or in law, with respect to. Myanmar special economic zones law the pyidaungsu hluttaw law no. Myanmar sez law myanmar version thilawa sez management. Below is a list with tagged columns and company profiles. Before the enactment of the new myanmar investment law, 2016, the additional registration under the foreign investment law, 2012 was generally optional for foreign investors. As a result, analysts and businessmen have recommended that the government take steps to improve economic policies, in order to sustain investors confidence. Myanmar special economic zone rules, 2016 the myanmar. This law shall be called the myanmar special economic zones law.
Myanmars parliament reconvened on january with some 30 crucial proposed bills on the table, among them the establishment of a special economic zone law, mining regulations and the revamping of the foreign investment law. The unit may opt out of special economic zone with the approval of the development commissioner and such exit shall be subject to payment of applicable duties on the imported or indigenous capital goods. The ribbon is cut for the first part of the thilawa special economic zone in myanmar, as the private sector project developed jointly with japan becomes the site of nearly 50 factories. New government inherits problems and promise of special economic zones vani sathisan international legal advisor, international commission of jurists and bobbie sta. Special economic zones and cross border economic zones open. The special economic zone law was enacted in 2014, and its implementing rules were published in 2015. Special economic zones rules lincoln legal services myanmar. Since the 1980s, special economic zones sezs have been considered an important part of a developing countrys policy apparatus. Foreign investor operating a business in a special economic zone in a foreign currency can open a bank account and make payment in a foreign currency. Special economic zones sezs in myanmar international growth. Foreign investor operating a business in a special economic zone in a foreign currency can open a bank account and make. After that, the coordination meeting on myanmar special economic zone rules was held at the meeting room of office no. These investments have created around 68,000 jobs, with equal or better pay and better prospects than the alternatives. In january 2014, myanmars parliament passed the special economic zone law that provides.