DICA gives thumbs down to full foreign investment in tourism sector

YANGON—Foreign investors hoping to cash in on Myanmar’s burgeoning tourism sector are in for disappointment if they’re hoping for complete penetration into the market: full foreign investment will not be permitted, and joint ventures will be allowed only with Myanmar citizens, according to the Directorate of Investment and Companies Administration (DICA). “At present, the DICA […]

Myanmar Company Registration

For foreign investors who are registering a company in Myanmar they have an option of registering with Foreign Investment Law (FIL) benefits or without FIL benefits. For capital intensive industry such as export-oriented manufacturing where it is normal to invest US$2 million and above on a factory – it makes sense to register under the […]