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1. VISA AND STAY PERMIT
(1) Uniformed criteria & rules for Visa issuance
(a) Visa exemption in the future or automatic approval of 3 years Stay Permit
(b) Uniformed rules for Visa issuance
(2) Efficient, simplified Visa issuance
(a) Efficient, simplified administrative procedures for Visa issuance
(b) Reduce required documents i.e. recommendation letter by EoJ
(3) Improvement of FRC operation
(a) Exempt FRC (Foreigners Registration Certificate) submission, or pursue alternatives
2. TRADE POLICY
(1) Improvement of taxation base on import items
(a) Convert to Invoice based taxation
(2) Further relaxation of trade regulation
(a) Increase non-license items, sooner removal of trade licensing system and simplification
(b) Issue Import Permit to foreign construction companies [NEW]
(c) Permit foreign company to import certain merchandises (including cars) for appropriate purpose
(3) Flexible payment scheme
(a) Permit deferred payment to import raw materials
(b) Permit advanced payment of cargo import [NEW]
(4) Reduce import related tax to promote manufacturing industries [NEW]
(5) Tax exemption and Speedy Import of ODA related materials and equipments [NEW]
(a) Ensure tax exemption for import of ODA related materials and equipments, and speedy custom clearance [NEW]
(6) Early rule making for food hygiene [NEW]
3. INVESTOR FRIENDLY ENVIRONMENT
(1) Investment Advisory Service
(a) Establishment of “One Stop Service”
(b) Establishment of “Japan Desk”
(2) Speedy communication in English upon investment application
(3) Advanced Information sharing (at least 2 weeks in advance) on investment related meeting
(4) Early conclusion of Bilateral Investment Treaty
(5) Legal measures for investor protection [NEW]
(a) Improve legal system to protect intellectual properties [NEW]
(b) Improve flexibility of contents of JV contract [NEW]
(c) Domestic legislation to implement New York Convention [NEW]
(6) Relaxation of foreign currency and finance [NEW]
(a) Facilitation of foreign remittance procedures [NEW]
(b) Relaxation of borrowing in kyat from local bank [NEW]
(c) Simplify overseas remittance of profit sharing [NEW]
(d) Permit foreign company and JV to open bank account with interest [NEW]
(7) Others [NEW]
(a) Prolongation of depreciation period [NEW]
(b) Simplify procedures of capital reduction [NEW]
4. TAXATION
(1) More transparent tax calculation
(a) Promulgation of tax system and coherent tax services
(2) Review Corporate Tax System [NEW]
(a) Application of tax rate for “Residents” to foreign company branch (Adjustment gaps between locals and foreigners) [new]
(b) Review and clarify details of Corporate Tax
(3) Review Individual Income Tax System [new]
(a) Specify taxable scope of welfare expenses of individual income tax [NEW]
(4) Review Commercial Tax System [NEW]
(a) Shift to Value Added Tax with single tax rate [NEW]
(b) Clarify rules of “input tax credit”
(5) Review Property Tax System [NEW]
(a) Clarify taxation base to Property Tax in Yangon city [NEW]
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5. INFRASTRUCTURE IMPROVEMENT
(1) Urban transportation improvement including safety traffic rules
(a) Oversight on illegal parking, efficient traffic control at worksites
(b) Public transport services in Yangon city
(c) Traffic rules coherent to neighboring countries
(d) Physical improvement i.e. traffic light, pedestrian bridge, bus priority lane, upgrading road quality etc.
(2) Improvement of Electricity and Telecommunication
(a) Ensure well-planned power supply
(b) Develop IT backbone network
(3) Other infrastructure improvement
(a) Effective use of idle land, appropriate control on real-estate price
(4) Rule making of design & surveillance for construction work [NEW]
(a) Law and rule making on design & surveillance for construction work and its operation [NEW]
(5) Rule making of standard of business permit for foreign company [NEW]
(a) Clarification of criterion on granting business permit to foreign construction company for contribution to lower barriers to enter market [NEW]
(6) Creation of “Special JV”
(a) Add “Special JV” provision in 2012 Foreign Investment Law
6. UNFAVORABLE TREATMENT AGAINST FOREIGNERS AND FOREIGN COMPANIES
(1) Abolish foreigners’ price
(a) Abolish foreigners’ price in public service (electricity, water, telephone)
(b) Adjust unreasonable gaps of charges for granting permit on commencement of construction and for fire inspection
(2) Enlarge sectors of foreigners’ access
(a) Allow foreigners’ access out of 27 sectors specified in Foreign Investment Law
(b) Allow foreigners’ purchase and possession of cars, cell phone and apartments under foreigners’ name
(c) Allow foreign company to own/register building and factory [NEW]
7. APPROPRIATE INSURANCE SYSTEM AND OPEN MARKET TO FOREIGN COMPANIES [NEW]
(1) Receive Insurance advisor of Japan [NEW]
(2) Open insurance market and special measures to SEZ [NEW]
(3) Develop appropriate Insurance system and nurture market [NEW]
(a) Permit local insurance companies to be reinsured with foreign companies [NEW]
(b) Separate insurance control from State Insurance Company [NEW]
(c) Appropriate coverage for mandatory car insurance [NEW]
(d) Collect data necessary for development of insurance products and its disclosure [NEW]
8. ENSURING RESETTLEMENT SCHEME OF LABOR DISPUTE
(1) Compliance and thorough implementation of labor dispute laws and rules
(2) Prohibit attendance of political groups
9. IMPROVEMENT OF OTHER ADMINISTRATION PROCEDURES
(1) Prohibit levying unnecessary charges
(2) Further efficient, simplified office procedure
(a) Prompt actions at the administrative counter
(b) Acceleration of ODA related procedures
(3) Improve transparency on approval, license and evaluation [NEW]
(a) Transparent process of approval and license [NEW]
(4) Other (Human resources development) [NEW]
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