German Myanmar Expo Business 3rd me

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Subject: German Myanmar Expo Business 3rd message

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Headline: CEMS : SELL TO MYANMAR !
Keywords: Applied Investments (Asia) Pte Ltd, foreign investment, Myanmar expos, Myanmar foreign investment policy, Foreign Investment Law , Ministry of National Planning and Economic Development 
Date: 6 Jun 1996
Source: cemssvs@xxxxxxxxxxxxxx, http://cems-sg.com/index.html
Section: ebn
Rubrique: bbiz

SELL TO MYANMAR !
Book early for prime spaces 

Organisers
Applied Investments (Asia) Pte Ltd
15 Shan Lane
Yangon Myanmar
Tel : (951) 22596

Conference & Exhibition Management Services Pte Ltd (CEMS)
1 Maritime Square #09-43 World Trade Centre
Singapore 099253
Tel : (65) 278 8666  Fax : (65) 278 4077  Contact : Ms Judy Lee

In Collaboration The Ministry of National Planning & Economic Development
The Ministry of Hotels & Tourism
The Union of Myanmar Economic Holdings Limited

Exhibit Profile
Air-Con
Aggregate preparation and concrete batching and mixing plants, mortar works, concrete compacting equipment
Building materials
Compacting equipment
Compressors, compressed-air machines and hydraulic equipment
Construction equipment and contractor's tool, site installations
Construction equipment
Equipment, accessories and wearing parts for construction equipment and building material machinery and construction vehicles
Excavators, crawler and wheeled loaders, scrapers, bulldozers and graders, drilling machines, pile-driving
Formwork and scaffolding
Ground-water lowering plants, contractor's pump
Hardware
Lifting equipment and conveyors
Machinery and equipment for concrete and asphalt pavement and waterway construction, road repair and maintenance work and track-laying machinery
Machinery and equipment for the construction of tunnels and galleries
Plants, machinery and equipment for quarrying natural rock and for tooling natural stone and concrete
Plants and machinery for the cement, lime, gypsum, sand, clay, gravel and crushed-stone industries.

Foreign Investment Policy and Procedures

1. Foreign Investment Policy

Myanmar is striving to improve productivity, increase all round production,
develop efficiency in trade and increase its trade volume following the
liberalisation of its economy and adoption of a market oriented economic
system since late 1988. Activities to induce direct foreign investment are
being continued. Myanmar's policy on foreign investment is an important
component of the overall restructuring and development policy of the
government.

The main components of the policy are :
   * adoption of a market oriented system for the allocation of resources.
   * encouragement of private investment and entrepreneurial activity.
   * opening of the economy for foreign trade and investment.

Policy objectives underlying foreign investment are for the promotion and
expansion of exports. exploitation of natural resources which requires
heavy investment, acquisition of high technology, supporting and assisting
capital intensive production and services, opening up of more employment
opportunities, development of energy conserving activities and regional
development. The Foreign Investment Law in which a wide spectrum of
incentives is provided has been enacted and Procedures Relating to the Law
have also been prescribed.

Foreign investors are allowed to make investment either in the form of a
hundred percent wholly foreign-owned enterprise, or partly-owned, or in the
form of a joint venture with a private or public local entity. If it is a
partly-owned concern or a joint-venture, the minimum foreign capital shall
be 35 per cent of the total equity capital.

A foreign investor who invests and operates under the Foreign Investment
Law has the right to enjoy appropriate economic benefits particularly in
the form of tax incentives, as well as to repatriate profits and to
withdraw the legitimate assets on winding up his business. There is also an
unequivocal State guarantee against nationalisation and expropriation.

2. Eligible Economic Activities

Economic activities allowed under the Foreign Investment Law and notified
by the Foreign Investment Commission cover almost all sectors of the
economy. Activities not specified in the notification will be considered
upon request. Previously, there were twelve economic activities defined in
section 3 of the State-owned Economic Enterprises Law in which private
investment was restricted and were reserved to be carried out solely by the
State-owned Economic Enterprises. However, relaxation has now been made by
the government for private investors to invest in these activities.

3. Types of Business Organisations

In accordance with section 5 of the Foreign Investment Law, a foreign
investor can organise his activity in Myanmar in the following manner:-

   * Wholly-owned by the foreign investor
     An individual foreign investor can establish his business as a sole
     proprietorship by bringing in one hundred per cent foreign capital.
     Similarly, a partnership firm or a limited company which is
     incorporated outside Myanmar can do business as a foreign branch by
     bringing in the total capital required by such a branch.
   * Establishing a business in which citizens have interests
     A foreign investor can enter into a partnership with his local
     counterpart or set up a limited liability company with shares held by
     local investors. He can also join with any individual, firm, company,
     co-operative or State-owned enterprise from Myanmar to establish a
     joint-venture either as a partnership firm or a limited company. In
     all such cases the foreign capital to be brought in must be at a
     minimum 35 per cent of the total equity capital.

4. Foreign Investment Application Procedure

1. Submitting a Proposal

A promoter must submit a proposal in the prescribed form to the Foreign
Investment Commission enclosing the following documents:-

   * Documents in support of the investor's financial credibility (audited
     final accounts of a most recent year of the person or firm intending
     to make investment).
   * Bank recommendation regarding the business standing.
   * Detailed calculation relating to economic justification of the
     proposed project indicating inter alia estimated annual net profit;
     estimated annual foreign exchange earnings or savings as well as
     foreign exchange requirement for the operation, recoupment period;
     prospects of new employment; prospects of increased national income;
     local and foreign market conditions and distribution.
   * If it is a hundred per cent foreign investment, a draft contract to be
     executed with the organisation determined by the Ministry concerned.
   * If it is a firm, limited company or join tventure of any kind, a draft
     contract to be entered into between the foreign investor and local
     counterpart.
   * If it is a limited company or a joint-venture in the form of a limited
     company, draft Memorandum and Articles of Association.
   * Lease Agreement for lease of land or building to be entered into
     between the lessor and the lessee.

2. Appraisal of the Proposal

The Office of the Foreign Investment Commission makes a preliminary
appraisal of the proposal. The proposal is then forwarded together with the
views and comments to the Foreign Investment Commission. The Commission
will scrutinise the proposal from the technical, financial, commercial,
economic and social aspects within the frame work of the policy objectives.
Upon approval by the Commission, a permit is issued to carry out business
specifying the terms and conditions as required according to the type of
business.

3. Application for a Permit to Trade from the Ministry of National Planning
and Economic Development at the time of incorporation of the enterprise
with the Registrar of Companies.

Basically any enterprise which has obtained a permit from the Commission
can start its business constituting itself as a sole proprietorship, a
partnership or a limited company or a branch office of a foreign company. A
limited company which brings one hundred per cent foreign capital. a
joint-venture limited company or a branch company is deemed as a foreign
company under section 27 A of the Myanmar Companies Act, and accordingly it
is required to obtain a Permit to Trade by applying to the Registrar of the
Companies Registration Office of the Directorate of lnvestment and Company
Administration of the Ministry of National Planning and Economic
Development. However, a limited company which is a joint-venture with a
State-owned Economic Enterprise formed under Special Company Act 1950 is
exempted from obtaining a Permit to Trade.

The application is to be accompanied by the following documents:-

   * Required particulars entered in Form A of the Myanmar Companies
     Regulation, 1957.
   * The Company's drafts Memorandum of Association, Articles of
     Association or other instruments defining the constitution of the
     company.
   * Duly completed questionnaire form prescribed by the Capital Structure
     Committee of the Ministry of National Planning and Economic
     Development.
   * List of economic activities intended to be performed in Myanmar. (A
     permission from the relevant Ministry if any).
   * Estimated expenditures to be incurred in Myanmar for the first year
     operations.

In the case of a foreign branch the following shall be furnished in
addition to the above mentioned documents:-

   * Instead of the company's drafts Memorandum and Articles of
     Association, a copy of the Head office's Memorandum and Articles of
     Association or of the Charter, Statute or other instruments
     constituting or defining the constitution of the company, duly
     notarised and conservatised by the Myanmar Embassy concerned in the
     country where the company is incorporated.
   * Copies of the head office balance sheet and profit and loss accounts
     for the last two financial years.
   * Where the Memorandum of Association, Articles of Association and other
     relevant documents are not in English in the original, authentication
     of the translation into English.

The Ministry of National Planning and Economic Development will issue the
Permit to Trade after considering the recommendation of the Capital
Structure Committee. In the case of a company which has been issued a
Permit from the Foreign Investment Commission, the terms and validity of
the Permit to Trade shall be the same.

4. Registration

Registration of Business Organisations.

   * A sole proprietorship is not required to register at the Companies  Registration Office.
   * A partnership firm may be registered, but registration is not compulsory.
   * A company limited by shares is required to register under the Myanmar
     Companies Act at the Office of Registrar of Companies Registration.
   * A company with share contribution of the State shall be registerer  under the Special Company Act. 1950        and the Myanmar Companies Act. as  a Special Company.
   * A company which comes under the definition of foreign company shall
     apply and obtain a permit from the Ministry of National Planning and
     Economic Development before registration.

In applying for registration of a company or branch office of a foreign
company, the following papers and documents shall be submitted.

   * Two sets of Memorandum of Association and Articles of Association duly
     stamped and printed both in Myanmar and English
   * Declaration of registration
   * Declaration of legal and official version of the documents
   * Declaration of the situation of registered office
   * Translation certificate by a competent translator
   * List of Directors and Managers for a Company incorporated in Myanmar
   * List of person(s) authorised to accept services of process and notice
     in Myanmar on behalf of the Company (for a branth office of a foreign
     company)

For a Public Company the following additional documents shall be submitted
before commencing the business.

   * List of persons to act as Directors.
   * List of persons who have consented to act as Directors.
   * Agreement to take qualification shares.

Registration Fees

   * For a Partnership firm the registration fee is fixed at Kyats 45/- .
   * For a Company Limited by shares the registration fee ranges from a
     minimum of Kyats 600/- to a maximum of Kyats 15,000/- depending upon
     the authorised capital of the Company (It is calculated according to
     Table "B" of the Myanmar Companies Act.)

5. Investment Climate

Myanmar is rich in natural resources. It has vast forests, numerous river
systems with broad deltas, rolling mountain ranges, cultivable plains and
highlands on geographical surfaces supplemented with rich underground
resources of known minerals, renowned gems and many other minerals which
have not yet been exploited commercially. 

It is a very attractive country for investors. Furthermore, its long historical lineage and rich cultural
background makes it is a country worth visiting, a country with great
potential for tourism. 

Myanmar has a tolerable climate that is absent of
extremities and it is not prone to natural disasters. It has a moderate
sized population of about 42 million with a high literacy rate. 

With a total land area of 676,577 square kilometers (261,228 sq. miles) it is the
largest country on the mainland of South East Asia.

Myanmar has a long coastline with rich fishing grounds but they have been
exploited very limitedly; the offshore fishing grounds are the least
exploited. Hence vast potential still exists for investment in this area.

As a form of liberalisation in fishery sector, fishing rights have been
granted to foreign companies on contractual basis in specified areas within
the exclusive economic zone of Myanmar territorial waters. Various laws and
procedures relating to fishing rights, marine fisheries, aquaculture and
fresh water fisheries have been enacted in the 90's so as to allow wider
fishing rights to private individuals both local and foreign and also to
form joint ventures.

The establishment of internationally competitive export industries is
required for the purpose of promoting industrialisation. The textile, food
and timber processing industries are expected to be promising ones, as well
as other more value added ones that will enable to production and promotion
of exportable commodities.

Since the promulgation of the Foreign Investment Law in November 1988, the
Government of Myanmar has taken measures to encourage foreign investment
and up to December 1993, the Commission has permitted 68 enterprises to
invest in the agriculture, manufacturing, energy, mining. fishery, tourism
and transport sectors.

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Headline: 2nd Myanmar Medical and Pharmaceutical Expo '96
Keywords: Conference & Exhibition Management Services Pte Ltd (CEMS) , Medical and Pharmaceutical Expo ,
Date: 17- October 1996
Source: cemssvs@xxxxxxxxxxxxxx, http://cems-sg.com/index.html
Section: ebn
Rubrique: bbiz

The French government of state-promoted expositions and chamber of commerce is also promoting French presence at this Medical and Pharmaceutical Expo through the CFME. 

17- October 1996
2nd Myanmar Medical and Pharmaceutical Expo '96
Tatmadaw Convention Hall, Yangon, Myanmar.
Email: cemssvs@xxxxxxxxxxxxxx

With the growth of Myanmar's economy and a rise in the standard of living, the requirement for better health care, pharmaceutical products and medical related equipment are in great demand. As the foreign investment in Myanmar strengthens, Myanmar is poised to fully open its doors to manufacturers and suppliers of medical and pharmaceutical products and services.

Do not miss this golden opportunity to feel the pulse of the health care industry in Myanmar. 
Book now for prime exhibition space!

Concurrent Event

Myanmar Symposium on Medicine and Surgery
Medicine for the 21st Century

This symposium will cover disciplines such as O&G, Immunochemistry, Orthopaedics,

Gastroenterology, Gynaecology, Neurosurgery, Plastic surgery, Eyesurgery, Cardiovascular Anaesthesia, Magnetic resonance imaging and many others.