Classification of Promoted Sector
Myanmar Investment Commission
Notification No. 13 /2017
The 5th Waxing of Tagu, 1378 ME
( 1st April, 2017 )
The followings are classified as Promoted Sector under the New Myanmar Investment Law and is eligible for tax exemption or to lease land for up to 50 years with the option of 2 ten years extension.
Do take note that the investment may qualify for 3 to 7 years of tax exemption depending on what Development Zone the investment is situated in. To learn more go to https://consult-myanmar.com/designation-of-development-zone-under-myanmar-investment-law-notification-no-102017/
Where the investment amount is < USD 5 million or Kyat 6 billion the investment approval decision can be made by the State or Division and do not have to be referred to the MIC.