Nov 16, 2012

Myanmar Private Sector Investment Summit (MPSIS) 28 – 30 January 2013 Yangon, Myanmar


Press Contact:
Selina Wong
selina@advantiquegroup.com
+65 6243 3778


Myanmar Private Sector Investment Summit (MPSIS)
28 – 30 January 2013
Yangon, Myanmar


Title
UMFCCI hosting Myanmar investment conference in Yangon with Advantique Group


Summary

The Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), the most influential business federation in Myanmar is hosting a Myanmar investment conference in Yangon with Advantique Group. The Myanmar Private Sector Investment Summit on 28-30 January 2013 provides essential information and business matching for companies interested to invest in Myanmar.



Detailed Background


Companies looking for business opportunities in Myanmar and finding partners for their investment in Myanmar can look forward to meeting Myanmar companies who are members ofRepublic of the Union of Myanmar Federation of Chambers of Commerce and Industry,or more widely known asUMFCCI(previously Burma Chamber of Commerce) at the Myanmar Private Sector Investment Summit (MPSIS).

UMFCCI is the most influential business federation in Myanmar. They represent: 10,854 Myanmar companies, 1,656 enterprises, 770 foreign companies, 185 co-operatives & 2,898 individual business owners in Myanmar.

Scheduled on 28-30 January 2013 at the Chatrium Hotel Royal Lake Yangon, MPSIS is organized by Singapore based conference production specialist, the Advantique Group Pte. Ltd. with UMFCCIas the Official Local Host of MPSIS.Myanmar Private Sector Investment Summit (MPSIS)provides essential information about doing business and investing in Myanmar.

UMFCCI was instrumental in pushing for removal of protectionist clauses in the new foreign investment law in Myanmar passed recently on 2 November 2012. They are keen to work with foreign investors to build up the economy in Myanmar.
Said UMFCCI’s joint secretary general, Mr Aye Lwin: “Foreign investors can help to increase the technology know-how and knowledge of SMEs when they invest in Myanmar. Currently some Myanmar companies are not as developed as neighbouring countries and face a myriad of challenges including outdated technology.”

He further commented: “in order to progress, we will need to change our mind set and communicate more openly with foreign investors. Myanmar businesses need to cooperate together and be prepared to work with foreign investors. This is necessary if we want to progress and be as advanced as our ASEAN neighbours.”

Companies wanting to scrutinise the details of the new myanmar investment law can now obtain a copy of the unofficial English translation from Advantique Group at http://www.advantiquegroup.com/translated-myanmar-fdi-law.html. The release of the official English translation by the government is expected in a few months.

Some key highlights of the newly enacted Myanmar foreign investment law:
• As per the old law, foreigners can still own 100 percent of businesses without the need for a local partner. But restrictions apply in some areas.
• The ratio of ownership between joint venture partners can be determined between the partners.
• Myanmar Investment Commission has the discretionary power to allow foreign investors into restricted sectors (such as fisheries and agriculture).
• Foreign investors can lease land from the government or from authorized private owners for up to 50 years, depending on the type and size of the investment, and the deal can be extended twice, for 10 years each time.
• Foreign firms may be entitled to a tax holiday for the first five years of operation and other forms of tax relief may be available depending on the investment, if deemed in the national interest.

Mr Aung Naing Oo, the Director General of the Directorate of Investment and Company Administration (DICA) will be presenting the details of the latest Myanmar investment law in at the Myanmar Private Sector Investment Summit (MPSIS). DICA is a division under the Ministry of National Planning and Economic Development and is the usually the first stop for foreign investors who are keen to knock on Myanmar’s doors as DICA’s main responsibility is to scrutinize and appraise projects that are proposed for investment in Myanmar.

The program agenda of Myanmar Private Sector Investment Summit (MPSIS)is specially designed to help participants make informed decisions about doing business in Myanmar through an in-depth understanding of the important laws, policies and entry strategies. High-level speakers consisting of government officials, established private companies in Myanmar as well as professionals well versed with investing in Myanmar will cover the following issues:

• Clarifications on the Latest Foreign Investment Law in Myanmar
• Myanmar’s Tax Structure and International Tax Aspects
• Banking, Foreign Exchange, Repatriating Profits
• Site Selection, Land Laws and Leasing
• Structuring JV and Managing Disputes
• Trading: How Can Foreign Companies Trade In Myanmar Despite The Restriction?
• Opportunities in Myanmar: Manufacturing, Construction, Real Estate, Tourism, Agriculture Production & Processing (cash crops), Plantation (rubber & oil palm), Timber.

Early bird discounted rate of USD1,290 per person is valid for from now until30 November 2012; the standard rate is USD1,590 per person. There is a group discount of 5% for 3 or more persons from the same company.

Included in the registration fee, besides the standard entry to conference, e-documentation and networking cocktail, are value-added features to help you “think local and act local” such as onsite One-to-One Business Consult Clinics, Half-day Tour of Yangon and Myanmar Immersion Program (sharing about Myanmar’s customs and etiquettes).

There is also a personalized Business Matching Session at the end of the conference program on 29 January. Registered participants will be paired up with preferred companies for private discussions. It is a value-added service provided at an additional USD100 per delegate only.
To register for MPSIS or for more details, please visit http://www.advantiquegroup.com/mpsis or contact Ms. Selina Wong at selina(at)advantiquegroup.com,+65 6243 3778.


About Advantique Group Pte Ltd

Advantique Group Pte Ltd produces high-level international conferences that help businesses generate new ideas, opportunities and connections. We are a spin off from Star Event Management International, a highly creative and dynamic event management company set-up since 2001. Our management team consists of accomplished conference executives with 15 years of experience in producing, marketing and managing premium conferences. At Advantique Group, we go the extra mile to create enriching platforms for you to acquire market insights, meet new contacts and build lasting relationships.Please visit us at www.advantiquegroup.com

About Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI)

UMFCCI is the most influential business federation in Myanmar. They represent: 10,854 Burmese Companies, 1,656 Enterprises, 770 Foreign Companies, 185 Co-operatives & 2,898 Individuals in Myanmar. UMFCCI was founded in 1919 as the Burmese Chamber of Commerce and was later upgraded to a federation in 1999 in line with the adoption of the market-oriented economic policy. It is an non-governmental organisation, which stands at a national level, representing and safeguarding the interests of private business sector. UMFCCI acts as a bridge between the State and the private sector. UMFCCI is also dedicated to fulfilling the needs of private sector by providing various services such as human resource development training, trade information, business matching, consultancy and other services as required by the private sector. For more details, refer to www.umfcci.netorwww.umfcci.com.mm


 
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