Myanmar

Founded in 1995, DFDL is one of the longest established foreign legal and tax firms in Myanmar and is the go-to choice to advise Asian and international companies on their investments. Myanmar continues to generate intense investor interest in what remains one of the world’s largest underdeveloped markets. DFDL Myanmar is here is to help.

Myanmar is making valiant strides in leveraging its geopolitically strategic position: rich natural resources, young labor force, over 50 million population, and proximity to some of the most dynamic economies in the world.

To these ends, Myanmar is actively encouraging foreign investment. DFDL Myanmar has helped many international companies establish a presence in the country, and many more are eager to follow suit. Our experienced local and international team is well-equipped to help you navigate the risks and complexities of this ever-evolving legal and tax environment.

DFDL provides a full range of legal and tax services to domestic, Asian and international investors operating in Myanmar. Our team of professional lawyers and advisers in Yangon and Naypyidaw provides tailored, efficient and practical legal services at an international standard.

At the same time, we our equipped with longstanding knowledge and comprehensive expertise of the local business environment – as well as the future growth opportunities in a wide range of exciting and emerging industries.

An established Myanmar practice, frequently acting as local counsel on notable inbound mandates for prominent international clients. “DFDL provide timely and responsive advice to our queries and have been particularly helpful with a difficult matter involving multiple jurisdictions.” – Chambers Asia Pacific 2023 – DFDL Myanmar

Key Credentials:

  • A consortium of banks and financial institutions on its financing of USD 300 million, 225MW gas-fired combined power plant project, the largest of its kind in Myanmar, the Myingyan Power Plant.
  • Thaibev on its USD 750 million acquisition of 75% stake of two Myanmar spirits distillers.
  • A foreign export-import bank on its USD 800 million acquisition financing of a large teak plantation in Myanmar.
  • Osotspa’s greenfield investment in Myanmar for its energy drink manufacturing business with multiple set-ups for backward and forward integrations.
  • Telenor on its disinvestment from Myanmar by selling its shares to the M1 Group from Lebanon including strategizing on how to approach the exit, and comprehensive due diligence on risks, liabilities and mitigation strategies.
  • Grab, as lenders counsel for Cambodia and Myanmar, in relation to advising a consortium of lenders on its first senior secured term loan facility, the biggest term loan facility in the Asian tech sector, with a principal amount of USD 2 billion.
  • Credit Bureau Asia, a company having a market capitalisation of about SGD 215 million, as Myanmar counsels for its Listing on the Mainboard of the Singapore Exchange.
  • AIA, as Myanmar counsel, on one of Myanmar’s largest and one of the first bancassurance transactions with AYA Bank.
  • Credit Guarantee and Investment Facility, as Myanmar counsel, for the first-ever bond issue by a Myanmar-focused company on any international bond market.
  • As Myanmar counsel to Shandong Electric Power Construction Corporation, as EPC provider and equity investor for a 145 MW gas-to-power project located in Kyaukse township in the Mandalay region of Myanmar.

Awards

2023 asialaw

  • Infrastructure MyanmarHighly Recommended
  • Real Estate MyanmarHighly Recommended
  • Technology and Telecommunications MyanmarHighly Recommended
  • Banking and Financial Services MyanmarOutstanding
  • Energy MyanmarOutstanding
  • General Business Law MyanmarOutstanding

2023 chambers and partners asia pacific

  • Infrastructure MyanmarBand 1

2023 iflr 1000

  • Financial and Corporate MyanmarTier 1
  • Project Development MyanmarTier 1

2023 legal 500 asia pacific

  • Corporate and M&A MyanmarTier 1
  • Projects MyanmarTier 1

2023 world tax world transfer pricing

  • Tax Cambodia & MyanmarActive

Address

№ 134/A, Than Lwin Road, Golden Valley Ward (1),
Bahan Township (GPO Box 729), Yangon, Myanmar
View on Google Maps

No. 7465, Nay Kyar (6) Street,
Between Ka Thar (1) Street and Ka Thar Street,
Zawana Thiekdi Quarter, Ottarathiri Township,
Nay Pyi Taw, Myanmar
View on Google Maps

Contact

+95 1 526 180
myanmar@dfdl.com

+95 9 450 615 053

Opening Hours

8 AM – 6 PM
Monday – Friday

Key Contact

Partner and Managing Director, Myanmar | Head of Regional Dispute Resolution
Cambodia, Myanmar
+95 997 612 1022 / +855 783 335 66
LinkedIn

Insights

Intelligence from the DFDL legal team

Legal and Tax Updates
Sep 7 2023
Nishant Choudhary

Myanmar: DICA Announcement - Important Guidelines for MyCO System Users

Investment Funds
Aug 31 2023

Myanmar Investment Commission Unveils New Application System

On 28 August 2023, the Directorate of Investment and Company Administration’s (DICA) website released an official announcement to the public. …
Banking and Finance
Aug 16 2023

Myanmar: Embraces Thai Baht - Currency Usage on the Rise

On 14 August 2023, the Central Bank of Myanmar (CBM) issued a directive allowing Authorized Dealer (AD) banks to use …
Corporate and M&A
Jul 27 2023

Myanmar: Mandatory Registration for Online Businesses Arise

On 21 July 2023, the Ministry of Commerce (“MOC“) was granted full authority by the Union Government of Myanmar to …
Banking and Finance
Jul 17 2023

Myanmar: Latest Trading Sector Developments

The Department of Trade (“DOT“) under the Ministry of Commerce (“MOC“) of the State Administration Council (“SAC“) has released a …
Banking and Finance
Jul 14 2023

Myanmar: Central Bank of Myanmar Lowers Mandatory Conversion of Export Earnings to Myanmar Kyats from 65% to 50%

The recent release of Notification 15/2023 on 13 July 2023 (“Notification 15/2023”) by the Central Bank of Myanmar (“CBM”) brings …
Banking and Finance
Jul 12 2023

Myanmar: Banking and Finance Compendium 2022-2023

DFDL is excited to announce the release of the Myanmar Banking Compendium. This compilation comprehensively covers the latest updates in …
Tax & Transfer Pricing
Jul 5 2023

Myanmar: IRD Clarifies Taxation of Housing and Medical Benefits Given to Employees

On 28 June 2023, the Internal Revenue Department (“IRD”) issued Interpretation Statement No. 1/2023 (“IS 1/2023”) clarifying the Personal Income …