Myanmar Investment Proposal

The Myanmar Investment Commission (MIC) has simplified, shortened and sped-up the way foreign investments are approved under the new Myanmar Investment Law and the Myanmar Investment Rule that were passed on 18th Oct 2016 and 30th March 2017 respectively.

Investors with MIC approval can enjoy the following rights and protections:

  1. 3 to 7 years tax holiday depending on the region that you are investing in.
  2. Right to use land on a long term basis (up to 70 years on a case by case basis)
  3. Right to employ expatriates
  4. Investment guarantee against expropriation
  5. Right to transfer of funds out of the country

Any investment that create jobs for Myanmar people like for example garment manufacturing; or upgrade the infrastructure of Myanmar like building of road, bridge, waste treatment plant or power plant; upgrade soft infrastructure such as the education & health care system; create technology transfer and import substitution are strongly welcome by the MIC.

You can submit your MIC investment proposal under the 2 schemes below:

  1. MIC Endorsement takes about 2 months to complete. If your investment activities can be found in the Prioritized Investment Activities or the Promoted Sectors you can apply under the MIC Endorsement approval scheme. This is the express lane for investment in sectors that the Myanmar government wants to promote.
  2. MIC Permit takes up to 5 months to complete. If your investment activities can be found in the Restricted Activities List, use large tract of land that displace local people &/or affect their livelihood, cross state boundaries or are potentially harmful to the environment then you will have to submit your investment proposal to the full scrutiny of the MIC under the MIC Permit approval scheme. This process is more tedious and expensive.

Click here to see what are the Joint Venture between foreigners and Myanmar citizen and Wholly Owned Foreign Investment that DICA has approved to-date and what their investment activities are. This will give you a good indicator of what investments DICA will approve.

If you have question about which MIC scheme your investment proposal should come under please write to info (a) consult-myanmar.com with the subject: “Inquiry about MIC Investment Scheme”. Please list down clearly your intended business activities and whether you intend it to be a wholly-owned foreign investment OR a JV with a Myanmar citizen or entity.