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Big business groups say proposed laws on foreigners will deter investors

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Foreign business associations in Myanmar say requirements and penalties in the newly proposed laws governing foreigners in the country would discourage overseas companies from setting up business in the state.
In a joint statement, nine foreign business chambers expressed concern over some of the provisions of the draft Law Concerning Foreigners and Foreign Worker Law, such as the requirement that a foreigner working in Myanmar has to obtain approval from the authorities for absence from a registered residence for more than 24 hours.
While they welcomed the ongoing reform process and introduction of sound legislation, the chambers said some of the proposed stringent requirements were excessive and would be an impediment for companies to establish businesses or post foreign workers in Myanmar.
“One issue is crucial from the point of view of international investors; the requirement for holders of a Foreigner Registration Certificate to seek approval of the relevant authorities for any absence of more than 24 hours from the registered place of residence,” the statement said.
Both bills are priorities of the current Pyidaungsu Hluttaw session which opened on January 30. The draft laws are proposed by the Ministry of Labour, Immigration and Population.

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