Managedline: business consultancy and legal advice Myanmar
Land use requirements
Companies (wholly foreign-owned companies and joint ventures with foreign shareholdings) engaging in wholesale trading must occupy the appropriate floor space for doing wholesale business. At present, the law has not specified what the appropriate floor space is (the new laws permitting wholesale trading have just been passed). It is expected that the appropriate land use or floor space requirement for wholesale business will depend on the type of products traded.
Companies (wholly foreign-owned companies and joint ventures with foreign shareholdings) engaging in retail trading must occupy a floor area of at least 929 square meters.
Concluding Remarks
With the liberalization of Myanmar’s economy, foreign companies should seize the opportunity to be one of the early movers into Myanmar.
Myanmar is currently still undeveloped, Managedline business consultancy has a deep understanding of the regulatory and business environment in Myanmar. We are well equipped to assist clients with complex legal matters across a wide range of disciplines.
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