Myanmar keyword: Employment contract
The Central Bank of Myanmar (“CBM”) issued Directive No. MaBaBaa/MP/FIR/Bank Si Sit/1(4/2021) with effect from 2 August 2021 titled “Matters regarding foreign workers employment compliance” (“Directive”).
Under the Ministry of Labor, Immigration, and Population Notification No 140/2017, in addition to it being an obligatory requirement that the employment contract (the “EC”) is executed with employers having more than five employees, it is also subject to approval from the relevant township or district labor exchange office. Until recently, the EC registration requirement […]
As Myanmar increasingly becomes a place to do business to both domestic entrepreneurs and foreign investors alike, Myanmar’s labor compliance framework has recently taken stimulus with the re-working of Notification 1/2015 on the Employment Contract Template. The result? Notification 140/2017 of 28 August 2017 (the “Notification”). The Notification has new provisions dealing with how an employment contract […]