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 […]

MIC permitted eight enterprises including four garment enterprises

Myanmar Investment Commission (MIC) granted permission to eight enterprises including four garment enterprises, according to an announcement released by MIC. These permitted enterprises include manufacturing of garments under Cut-Make-Pack (CMP) system, manufacturing and marketing the corns, prawns and assorted snacks, sterilized, sweetened and condensed Milk, corrugated carton box and beautification corrugated carton box and cement, […]

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 […]

MIC permits 48 projects in one sitting

The Myanmar Investment Commission (MIC) approved 48 projects at its meeting on March 25. The MIC’s decisions have been criticised as some of the approved projects belong to companies related to two of former President Thein Sein’s economic advisors—Khin Maung Aye and Ko Ko Gyi. Furthermore, some companies had up to five projects approved that […]

MIC permits five firms

The Myanmar Investment Commission has permitted five businesses, including a hotel project which will be built on the land owned by the army’s Quartermaster-General’s Office, reports say. Three of them were passed with “citizenship investment”, one was a joint venture and the other with foreign investment. The Europe-Asia Beverage Company will produce milk, soymilk and […]