Myanmar

Myanmar

Myanmar introduced a new Investment law

17 Dec 2015

On 17 December 2015, the Parliament approved the new Investment Law, consolidating and replacing the 2012 Foreign Investment Law and the 2013 Myanmar Citizens Investment Law. According to the new law, the Myanmar Investment Commission (MIC) is now authorized to delegate some investment approval decisions to state and regional authorities, aiming to pave the way for speedier investment approvals. The new law also added some human rights protections to future foreign investment projects.

Nature of measure:
  • Facilitation
Type:
  • Entry and establishment (Approval and admission - other)
Industry:
  • Not industry specific
Inward FDI:
No
Outward FDI:
No
Sources: