1. Must Know Rules and Regulations for Investment in Myanmar
Dr. Marlar Myo Nyunt
Director
Directorate of Investment and Company Administration
Ministry of Planning and Finance

2. Large youthful population Strategic geographic location
Myanmar as an investment destination
Large youthful population
Resource Rich
Sizeable Market
Strategic geographic location

3. What DICA is?
The Directorate of Investment and Company Administration (DICA) serves as the Secretariat of MIC.
The responsible for investment and company administration and to implement the duties and responsibilities of Myanmar Investment Commission.
The First Point of Contact for Investors

4. New Myanmar Investment Commission (MIC)1.
H.E U Kyaw Win
Union Minister
Ministry of Planning and Finance
Chairman 2.
H.E. Dr. Than Myint
Ministry of Commerce
Vice Chairman 3.
H.E. U Tun Tun Oo
Attorney General
Attorney General’s Office
Member 4.
U Khin Maung Yee
Permanent Secretary
Ministry of Natural Resources and Environment Conservation 5.
U Toe Aung Myint 6.
U Tun Tun Naing

5. New Myanmar Investment Commission (MIC) (Cont.)7.
U Htay Chun
Deputy Director General (Retired)
Directorate of Investment and Company Administration
Member 8.
U Kyaw
Director (Retired)
General Administration Department 9.
U Aye Lwin
Joint Secretary General
Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry
10.
U Aung Naing Oo
Director General
Secretary
11.
Daw Mya Thuza
Deputy Director General (Retired)  
Joint Secretary

6. DICA’s Functions for Investment
Scrutinizing investment proposals
Organizing investment promotion activities
Facilitating investment / business
Coordinating with Ministries / Region and State Governments
Facilitate Business, Promote Investment and
Sustain the Country’s Development

7. Principles of MIC
Not to violate the interest of the State and people
Not to have any impact on national dignity
Not to breach of sovereignty
Not to affect on environment

8. Doing Business in Myanmar

9. Foreign Investment Law Myanmar Special Economic Zone Law
Mode of Doing Business
Business
Foreign Investment Law
Myanmar Companies Act
Myanmar Special Economic Zone Law
MIC
Company Incorporation
SEZ MC
Permit
Registration/ Permit
Permit
Start
Start
Start
Enjoy Incentives
No Incentives
Enjoy Incentives

10. Legal Framework for Investment
Laws
Foreign Investment Law (2nd Nov 2012)
Foreign Investment Rules (31st Jan 2013)
Myanmar Special Economic Zone Law (23rd Jan 2014)
Myanmar Special Economic Zone Rules(27th Aug 2015)

11. Notification No. 51/2014
Investment Business Activities that are not required to grant exemption and relief from tax
Notification No. 26/2016
List of Economic Activities under Prohibition
List of Economic Activities to be allowed only in the form of Joint Venture with Myanmar Citizens
List of Economic Activities Permitted with the Specific Condition
List of Economic Activities Permitted with the recommendations of the Relevant Ministry and Required Joint Venture with the Citizen
List of Economic Activities Permitted with Other Conditions and required Joint Venture

12. Form of Investment 100 % foreign capital
Joint Venture between a foreigner and a citizen
Any system contained in the contract which approved by both parties

13. Exemption and Reliefs 5 years tax holiday
Further tax exemption/relief for an appropriate period in case if it is considered beneficial for the State

14. Exemption and Reliefs
Exemption or relief of income tax on reinvestment;
Right to accelerate depreciation of capital assets for the purpose of income-tax assessment;
Relief from income tax up to 50 percent on the profit from exports;
Same rate of income tax between foreigners and Myanmar citizens;
Right to deduct the research and development expenditure from taxable income;
Right to carry forward and set off losses up to 3 consecutive years.

15. Exemption and Reliefs Exemption/Relief of Customs Duties and/or
Other Internal Taxes
Imported machinery & equipment - construction period
Imported raw material - first 3 years of
commercial production
Exemption/Relief of Commercial Tax
Exports

16. Rights to Use Land Initial 50 years 10 years two times
depending upon the category of the business, industry and the volume of investment
10 years two times

17. Salience of New Investment Law (Draft)

18. Incentives under New Investment Law(Draft)
Incentive is not granted automatically
Investors may apply one or more than one the exemptions and reliefs
Exemption & Reliefs
Income Tax
Exemption & Relief
Exemption from Customs Duty & Other Internal Taxes
Other Exemption & Relief

19. Incentives under New Investment Law(Draft)
Zone(1)
Less Developed Regions and States
Income Tax
Seven Years
Zone(2)
Fairly Developed Regions and States
Income Tax
Five Years
Zone(3)
Developed Regions and States
Income Tax
Three Years

20. FDI in Myanmar

21. Inflow of FDI
US $ in Million

22. FDI Situation in Myanmar
Foreign Investment of Permitted Enterprises As of ( ) (By Sector)
(US$ in Million)
Oil and Gas
Power
Manufacturing
Transport & Communication
Real Estate
Mining
Hotel and Tourism
Livestock & Fisheries
Agriculture
Industrial Estate
Construction
37.767
Other Services

23. FDI Situation in Myanmar
Foreign Investment of Permitted Enterprises as of (31/8//2016) (Countries)

24. Thailand Investment in Myanmar (As of 31 August, 2016)
(US$ in Million)

25. Cooperator of Business Community, Developer of National Economy
Thank You
Cooperator of Business Community,
Developer of National Economy
DICA
Let’s first present you with criterion for foreign investment.