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Private education opens to 100% foreign investment

Private education opens to 100% foreign investment

April 30, 2018

The Myanmar Investment Commission recently issued a notification (Notification 7/2018) on investment in the education sector.

The notification defines private schools as those that are not operated by the state. Most private schools in Myanmar are presently associations (business associations that are not for profit). This notification allows foreign direct investments through subsidiaries in Myanmar who may open new private schools and provide quality international curricula.

Types of private schools include basic education, technical, vocational & training, higher education, subject-based as well as other schools designated by the ministry. Private schools must still comply with the Myanmar Investment Law and Rules, as well as the National Education Law (2014).

A new education law (2014) is currently being drafted and will include more details on school compliance and registration. Read more about this here.

AUTHOR

Edwin is the senior partner of VDB Loi and a leading foreign legal advisor living in Myanmar since 2012. A frequent advisor to the Government on transactions and privatizations in energy, transportation and telecom, he is widely recognized for his “vast knowledge” (Legal 500) and his ability “to get difficult things through the bureaucracy ” (Chambers, 2016). He advises international financial institutions on their largest Myanmar transactions, oil and gas supermajors, a greenfield multi- billion US$ telecom project and the Japanese Government on the Thilawa SEZ. He assisted two newly licensed foreign banks setup in Myanmar, acted for the sponsor of an 800MUS$ urban infrastructure PPP project and worked on 6 out of 7 power deals inked in 2016.
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