Foreign investors permitted full ownership of more businesses

[DagonKhan]

Foreign investors permitted full ownership of more businesses

The Myanmar Investment Commission (MIC) has expanded the list of businesses that can be owned 100 per cent by foreign investors, as the country aims to attract more foreign investment.

In an August 14 directive, the MIC – which oversees foreign investment in the country – said that foreign investors with joint ventures in 30 industries, including beverage and small and medium-sized power generating, can boost their ownership to 100 per cent.

Continues here:- http://www.elevenmyanmar.com/index.php?option=com_content&view=article&id=7338:foreign-investors-permitted-full-ownership-of-more-businesses&catid=33:business&Itemid=356

[phuketrichard]

wow,

they are moving fast...

[slipperx]

Seems intelligent for them and an understanding on making the laws support the political objectives in contrast to Thailand that courts foreign investment whilst keeping laws that positively deter it. Which is the more sensible approach?