Headquartered in the United
Kingdom, Oliver Kinross is
an internationally operating
business research
organisation.
Oliver Kinross was founded in January 2008 with the aim of delivering high
quality training, business intelligence and networking opportunities for
industry. This is achieved through a series of Conferences, Summits,
Exhibitions and Training Workshops attended by many of the world’s largest
organisations. The main industries in which Oliver Kinross operates are
European Energy Trading, Cyber Security, Africa, Oil & Gas Exploration &
Production, Smart Energy, International Development & Infrastructure.
Since 2008 Oliver Kinross has achieved a track-record of running successful
market leading events and has achieved consistent year-on-year growth. It
attributes this success to a combination of factors, including: the pursuit
of running events in the world’s fastest growth & frontier markets, a
commitment to ensuring all events are of the highest quality, and a belief
that its staff are its greatest asset.
Now Oliver Kinross and
Myanmar.ca are collaborating on the following events :
1. Myanmar
Oil and Gas Summit
Date : 4th to 5th February, 2013.
2.
Myanmar International Trade and Investment Summit
Date : 4th to 5th March, 2013.
Guide to Invest in Myanmar
Since the adoption of the market-oriented economic system, the Union of Myanmar - Foreign Investment Law (FIL) was enacted on 30 November 1988.
In order to oversee and administer the Foreign Investment Law (FIL) and Myanmar Citizen's Investment Law (MCIL); the Myanmar Investment Commission (MIC) was formed with the Government of the Union of Myanmar Notification No. ( 7/94) on 3 August 1994. The commission was reformed with the Notification No.(59/99) on 3 December 1999. The Commission consists of five full time members and five part time members. All of the members are Ministers.
The Myanmar Investment Commission (MIC) is an initial approving authority for foreign investment proposals just like Board of Investment (BOI) of Thailand and Economic Development Board (EDB) of Singapore. It undertakes the responsibility to Trade Council and Cabinet.
In order to provide more specific guidance to foreign investors, a notification listing the types of economic activities allowed for foreign investment has been issued. It is not an exhaustic list but it covers most activities with the exception of those reserved under the State-owned Economic Enterprises Law (SEE Law). However, if a foreign investor is interested in an activity not specified in the notification or an activity defined in the SEE Law, he can apply to MIC stating his interest and reasons as to why it will be mutually beneficial to the State and to himself for the activity to be undertaken. If MIC is satisfied that the proposed activity will indeed be in the interest of our Nation, it may put up the application for approval from Trade Council and Cabinet.
The FIL allows that foreign investment activities can be undertaken either in the form of wholly foreign - owned or a joint venture with any Myanmar partner, either an individual, a private company, a co-operative society or a State-owned enterprise.
In all joint ventures, the minimum share of the foreign party is 35 percent of the total equity capital. BOT ( Built Operate and Transfer ) system is allowed for hotel and real estate project, while PSC ( Production Sharing Contract) system is allowed for exploration and extraction of the natural resources.
MYANMAR.CA
