MIC has approved 21 foreign direct investment projects

The Myanmar investment Commission has approved 21 foreign direct investment projects worth US$ 217.644 million within two months, it has been learned. The investments will be made in 17 industrial sector projects, one transportation and communication sector project, one livestock and fisheries sector project, one service sector project and one energy sector project. These kinds […]

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, […]

Tax exemptions to be granted to 100 per cent of export factories

TAX exemptions will be granted to 100 per cent of export factories operating in Myanmar without time limit if both nationals and (if applicable) their foreigner partners export all finished products they manufacture, it has been learned from the Directorate of Investment and Company Administration (DICA). Export enterprises will be exempted from certain taxes. That […]

DICA warns public companies to seek permission from SECM before share trading

THE Directorate of Investment and Company Administration (DICA) issued an announcement on Tuesday that public companies have to seek permission from the Securities and Exchange Commission of Myanmar and register at DICA before they can engage in the trading of shares. When public companies seek a business commencement certificate they must present an incorporation certificate […]

Politics and frontier property markets

Myanmar’s election held on November 8, deemed as the country’s first free election in 25 years, caught the attention of people around the world as Aung San Suu Kyi’s National League for Democracy won by a landslide. Considering the date from the Directorate of Investment and Company Administration (DICA) indicating the rise in the real […]

Incentives needed to legalise business, says DICA chief

According to the Directorate of Investment and Company Administration (DICA), around 71,000 companies have officially registered since 1988 when Myanmar amended its investment laws. This number is lower than the official figures in other ASEAN nations. However, DICA’s director general U Aung Naing Oo stressed that the real number of companies in Myanmar is much […]