DICA

Directorate of Investment and Company Administration

Investment applications to go online in Myanmar

The Directorate of Investment and Company Administration (DICA) will launch an Online Investment Application function to facilitate the investment process with the aim of attracting responsible investors, said U Thant Sin Lwin, Director General of DICA. The new function permits companies to carry out the process for proposed investments online without having to physically go […]

Myanmar Signs up with EU’s EuroCham for More Investment

YANGON — Myanmar’s investment agency has signed a memorandum of understanding (MoU) with the European Chamber of Commerce (EuroCham) to attract more investment from the European Union as Myanmar drafts an economic reform and recovery plan to address the impact of COVID-19. On Wednesday, the Directorate of Investment and Company Administration (DICA) and EuroCham in […]

DICA, MIC issue guidelines for returning foreign executives

The Directorate of Investment and Company Administration (DICA) and the Myanmar Investment Commission (MIC) has issued guidelines on international visitors who want to return to Myanmar to conduct urgent business during the pandemic. The two organisations have requested the government to allow foreign employees who are working in companies registered with the MIC and Myanmar […]

Myanmar Sets Out Re-entry Rules for Foreign Staff

YANGON—As Myanmar recorded its largest-ever daily spike in COVID-19 cases, the government’s investment agencies announced the criteria for foreign staff seeking to re-enter the country. Companies have recently submitted several applications to the Myanmar Investment Commission (MIC) and Directorate of Investment and Company Administration (DICA) to allow the re-entry of their foreign experts via relief […]

Myanmar Confident About Reaching Investment Target, Despite COVID-19

YANGON — Myanmar’s trade minister said he is confident foreign direct investment (FDI) will meet the government target for this fiscal year, despite the COVID-19 pandemic. During a live address on the economy and recovery plan, the minister for investment and foreign economic relations (MIFER), U Thaung Tun, said Myanmar received US$4.15 billion (5.8 trillion […]

Garment manufacturers show enthusiasm to turn to mask, PPE production

The foreign direct investments keep flowing into the country amid the COVID-19 crisis, and some garment manufacturers eye production of the mask and PPE (Personal Protective Equipment), which are the basic health and safety requirements during the pandemic, said Director-General U Thant Sin Lwin of the Directorate of Investment and Company Administration (DICA). “The foreign […]

Over 800 companies struck off register due to the absence of Annual Return

A total of 810 companies have been struck off the register as they fail to submit an annual return (AR) on the on- line registry system, MyCO, according to the Directorate of Investment and Company Administration (DICA). The DICA has notified any company which fails to submit its AR within 13 months will be notified […]

Local, foreign investments create over 140,000 jobs in 2019-2020FY H1

Local and foreign investments created over 140,000 job opportunities in six months of 2019-2020 fiscal year (FY), according to the Directorate of Investment and Company Administration (DICA). The foreign investment projects approved by the Myanmar Investment Commission (MIC) have created over 130,000 job opportunities for Myanmar citizens in six months of this FY, including the […]

Factory operators can face legal actions unless complied with MIL

The factory operators can face legal actions under the Myanmar Investment Law (MIL) if they fail to comply with notification requirements for the closure of factories, said U Thant Sin Lwin, director-general of the Directorate of Investment and Company Administration (DICA). At present, some CMP garment factories have shut down on the reason for the […]

Investments unaffected by COVID-19 so far

The outbreak of the Covid-19 virus could slow the pace of foreign direct investments (FDI) into Myanmar in the coming months, according to the Directorate of Investment and Company Administration (DICA). U Myo Min, a director at DICA, said although Myanmar has been unaffected so far, the impact of the outbreak on the world economy […]