Permanent Residency Judgement Awaits

A conference to examine and judge the applications for permanent residency (PR) has been concluded and all applications submitted thus far have been analysed and submitted to the president to be approved, an assistant director at the Ministry of Immigration told Myanmar Business Today.

Applications mostly came from former Myanmar citizens, those married to Myanmar citizens, specialists of different fields and investors.

“The majority of applicants are from Singapore and the US. Upper-level meetings have been held as the session concluded. We will approve applications after submitting them to the President’s office”
There have been 172 applicants as of May 4. Authorities started accepting applications since December 29 and permission will be given in accordance with government requirement in respective sectors.

However, the application is prohibited to those who sought shelter in foreign countries and who are on the census lists of refugee camps. Those with PR are allowed to stay in the country for five years and a reassessment will be made after five years.

Individuals have to submit an annual fee of $1,000 for foreigners, $500 for locals, $300 for those aged between 7 to 18 and free of charge for those under 7.

Source: Myanmar Business Today

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

 Opportunities from COVID19


Looking for foreign investors to invest in your business in Myanmar