Myanmar amends the list of foreign investment restrictions

On 24 March 2016, the Myanmar Investment Commission (MIC) issued notification (No. 26/2016) amending the list of foreign investment restrictions. According to the notification, seed and rubber production - the production and distribution of hybrid seeds, production and propagation of high-yield and local seeds, and the manufacturing of rubber and rubber products - no longer requires joint ventures with a local partner. At the same time, the notification adds some activities that are prohibited for foreigners. These are businesses that damage rainforests, places of religious worship, land for grazing or hill-side cultivation, or water resources.

• Type:

  • Entry and establishment (Ownership and control)

• Industry:

  • Manufacturing (Manufacture of rubber and plastics products, and other non-metallic mineral products, Other manufacturing)

• Sources:

  • Myanmar Investment Commission (Myanmar Version), Notification No.26/2016 (Myanmar Version), http://www.dica.gov.mm/sites/dica.gov.mm/files/document-files/notification_26-2016_0.pdf, 24 Mar 2016
  • Myanmar Times, Rubber and seed opened to foreign investors, http://www.mmtimes.com/index.php/business/19688-rubber-and-seed-opened-to-foreign-investors.html, 29 Mar 2016
  • Bangkok Post, Rubber and seed opened to foreign investors in Myanmar, http://www.bangkokpost.com/news/asean/914413/rubber-and-seed-opened-to-foreign-investors-in-myanmar, 29 Mar 2016