South Asia Law assists Yoma Strategic Holdings Ltd in securing MIC permit for Pun Hlaing Lodge Luxury Hotel Project
Yangon, October 2016
South Asia Consulting Ltd is proud to have acted for Yoma Strategic Holdings Ltd in successfully securing a foreign investment permit for the luxury hotel project, Pun Hlaing Lodge. The application for investment consent was approved at a meeting of the Myanmar Investment Commission in late August, and is one of the first groups of investments to receive an MIC permit under the new NLD Government.
Pun Hlaing Lodge, located at Pun Hlaing Golf Estate in Yangon is to be a 5 star luxury hotel and will feature additional specialist golfing facilities. The Lodge will further establish the Pun Hlaing Golf Estate offering as a focal point for luxury real estate and international golf tournaments.
South Asia Law is experienced in hotel projects across Thailand and Myanmar, having assisted several luxury hotel chains, brands and owners in regulatory consent, structuring and construction advice. If you have any legal enquiries relating to foreign investment into Myanmar, please contact Gary Biesty and/or Ben Hickson at www.southasia-law.com.