Myanmar drafts new foreign investment rules

Exclusive: Myanmar drafts new foreign investment rules – Reuters, March 16, 2012
Foreigners will no longer need a local partner to set up businesses in Myanmar and may be granted a five-year tax holiday from the start of commercial operations, according to the draft of a new investment law obtained by Reuters.
The long-awaited new investment regulations, along with plans to float its currency, the kyat, from April mark the boldest economic reforms since resource-rich Myanmar emerged from decades of dictatorship last year, its economy decimated by chronic mismanagement and trade-crippling sanctions…

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