Common Contracts
1 similar Asean-China Agreement contracts
MYANMARAsean-China Agreement • November 9th, 2011
implications as financial arrangements security risk involved and compliance with existing conditions. (b) Incorporation of an enterprise, not involving the state enterprise is to be made under the Myanmar Companies Act 1914. Minimum share Capital requirements for companies and branches are as follows,- Service Company- equivalent of K300,000 in USD.- Industrial Company-equivalent of K 1000,000 in USD. Under this Law;If the investment involves a state enterprise, incorporation shall be made under the Myanmar Companies Act 1914, Partnership Act 1932, Myanmar Company Rules 1940, Special Company Act (1950), Special Company Act (Amendment) Act, 1955, 1959 . (c) According to the Land Nationalization Act 1953 and the Transfer of Immoveable Property Restriction Law (1987), foreign organizations and persons are not allowed toown land in Myanmar. State is - Payments made by 3.5% foreign entrepreneur orforeign company for receiving executing works and purchasing of goods locally under a contra
