New MIC chair promises to stay investor-friendly, says Myanmar “open for business”

During a meeting with four chambers of commerce in Yangon on June 22, U Thaung Tun, the new chair of the Myanmar Investment Commission (MIC), reinforced intentions to “turn Myanmar into a major regional trade and investment destination.” The new chair, who officially replaced U Kyaw Win as head of the MIC on June 16, […]

Myanmar Investment Law Seminar by Malaysian Business Council on 16 Jan 2017

You can learn more about how to submit your MIC permit by clicking here   DO YOU WANT TO BE INFORMED OF NETWORKING SESSION HERE IN YANGON?If you are a foreign investor and want to be updated on the networking activities organized by the various Chambers of Commerce, Private Banks and major organizations especially when […]

New Myanmar Investment Law takes effect in January

Myanmar’s new investment law will take effect on 1 January, 2017, according to the Myanmar Investment Commission. The new law will combine the Foreign Investment Law and the Myanmar Citizens Investment Law, said U Aung Naing Oo, secretary of the Myanmar Investment Commission (MIC). The commission will continue its functions in accepting proposals submitted by […]

Myanmar’s New Investment Law Regulations to Take Effect Next April

NAY PYI TAW, Oct. 27 (Xinhua) — Myanmar’s new Investment Law will take effect with its regulations on April 1 next year, an official of the Directorate of Investment and Company Administration (DICA) told the media in Nay Pyi Taw Thursday after a Consultation Workshop for Implementing Regulation of the Myanmar Investment Law was held. […]

New Investment Law Will Make it Easier to do Business in Myanmar: MIC

With the new investment lawsailing through both houses of parliament this month, formal approval appears imminent, as a signature from the President’s Office is all that is required to see it passed. The Myanmar Timessat down with Myanmar Investment Commission secretary U Aung Naing Oo this week to discuss what the new law means for both […]

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 […]

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 […]

New Myanmar investment law is the ‘right move’

INTERNATIONAL lawyers have welcomed Myanmar’s new investment law, saying it will create a better investment environment for both local and foreign investors once enforced. Jo Daniels, managing partner of Baker & McKenzie Myanmar, said at a media roundtable that the new law could be one of Myanmar’s most significant legal reforms once approved by the […]

Myanmar kicks off investment law modernisation

Until March 26, the Myanmar government will welcome civil society consultations on a new investment law, which will combine the Myanmar Citizens Investment Law and the Foreign Investment Law. Titled “The Investment Law of the Republic of the Union of Myanmar”, the law was drafted in cooperation with the World Bank’s financial arm, the International […]