Directorate of Investment and Company Administration

Investment Law Rules and Regulations Released by March

NAYPYIDAW — Rules and regulations for the newly enacted Myanmar Investment Law will be released in three months at the earliest and by the end of March next year at the latest, according to U Maung Maung Win, deputy minister of national planning and finance. The law, enacted by President U Htin Kyaw last week, […]

Companies Act in Government’s Sights

Now that the Myanmar Investment Law has been passed by both houses of parliament, attention turns to the new Myanmar Companies Act, which senior business sector figures say will be key in improving corporate governance. The investment law, which will combine and replace the Foreign Investment Law and the Myanmar Citizens Investment Law, was passed by […]

Long shall Yangon’s crap foreign restaurant boom continue

It the beginning of last year, Yangon had around 250 restaurants listed on TripAdvisor. Today the number has more than doubled, yet upwards of 100 of those – largely those offering regional or Western cuisine – have shuttered permanently. Some were too ahead of their time, opening to rave reviews but finding themselves without a […]

Lower house passes Myanmar’s long-awaited Investment Law

The lower house of parliament approved the Myanmar Investment Law yesterday, taking the long-awaited draft a step closer to becoming law. The legislation, which combines into one document the Myanmar Citizens Investment Law and the Foreign Investment Law, now moves to the upper house for consideration. The Myanmar Investment Commission (MIC) began working on a draft of the law […]

Transforming Myanmar’s corporate landscape – Aung Naing Oo and Winfried Wicklein

For more than a century Myanmar companies have been regulated by the colonial-era Myanmar Companies Act of 1914. The law shares similarities with company laws from other former British colonies such as Singapore, Malaysia and Hong Kong – yet while they have updated their laws to reflect the realities of modern businesses, the Myanmar Companies […]

Outbound Tour Companies Fail to Register

The Ministry of Hotels and Tourism only received six proposals for outbound tour license even after the ministry warned 69 non-compliant outbound tour companies to apply for the license. “We have already warned unlicensed travel and tour companies, but they still have not applied for the license. We have not seen those unlicensed companies operating […]

No need to seek approval from MIC for investment except for businesses with environmental impact

Investment businesses are no longer required to seek approval from Myanmar Investment Commission (MIC) apart from the businesses needing environmental impact assessments. Those investment businesses can apply for registration at the Directorate of Investment and Company Administration (DICA) branches in the regions and states concerned. Currently, more DICA branches will be opened in Kayin State, […]

Myanmar Investment Law to be enacted soon, says DICA director

A draft of the long-awaited Myanmar Investment Law has been submitted to parliament and will be passed soon, bringing a more strategic and nuanced approach to tax exemption in addition to simplifying investment, according to U Aung Naing Oo of the Directorate for Investment and Company Administration (DICA). “We have already put the bill to […]

China stands as largest investor in Myanmar’s power sector

China has topped the foreign investors line-up of power sector of Myanmar for four months of this fiscal year 2016-2017, official media reported Thursday. China invested in five projects in electric sector worth with 1.3 billion US dollars, followed by Singapore with 570 million US dollars in four projects, according to an official of the […]

China and Singapore top investors in electric power projects

China and Singapore made the largest investment in nine electric power projects as of July in this fiscal year 2016-2017, it is learnt from the Directorate of Investment and Company Administration (DICA). China invested US$1.3billion into five projects in the electric sector. Meanwhile, Singapore invested in  four projects with an investment of US$570million, said an […]