TOP TIPS: Key risks of setting up a JV in Myanmar
As foreign investment continues to flow into Myanmar, CT asks Bernard Lui, partner of Stamford Law Corporation in Singapore, to outline the key risks of registering a joint venture company in the new frontier.
Under Myanmar’s new Foreign Investment Law (FIL) and other rules in force, a foreign investor may conduct business in Myanmar through either a wholly foreign-owned company (except in certain restricted areas), or a joint venture enterprise with a Myanmar citizen, pursuant to a contract.
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