Regulatory compliance

For existing businesses in Myanmar, it can be a challenge to keep across a changing and sometimes opaque regulatory landscape. This is particularly the case where understanding and enforcement of regulatory frameworks by regulators themselves is often lacking. We can assist you to make sure that your business achieves and maintains a high standard of regulatory compliance by identifying required licences, permits and registrations, and related ongoing compliance requirements – such as reporting and filing obligations – that are applicable to your business. We can also support you in obtaining and updating any relevant regulatory items for your business. Our regulatory compliance service covers such items as:

• various business licences from relevant City Development Committees (CDCs, e.g. Yangon CDC, Mandalay CDC), which can cover core business licences for different industries, but also more obscure items, such as sign display licences, boiler licences, food preparation and service licences etc.;
• a full range of tax registrations and social security registrations for relevant businesses;
• registration of employment contracts;
• food and drug administration licensing and registrations;
• registration as a wholesale and/or retail trader with the Ministry of Commerce;
• import/exporter registration and import/export licensing;
• registrations of leases and other real property documents;
• stamp duty compliance; and
• financial services and non-bank financial institution licensing requirements under the financial institutions regulations.

We also offer a regulatory compliance ‘health check’ review, whereby we undertake an initial review of the key licensing and registration status of a company in relation to its activities and areas of operation and provide a short report on its current regulatory compliance framework and any identified gaps and remedial measures required.