About the Myanmar Investment Law
The new Myanmar Investment Law is designed to promote and facilitate both foreign and domestic investment in the economy and open more economic sectors to private investment.
Restricted Investment Notification update
The Myanmar Investment Commission ("MIC") has publicly announced that any foreign investors, including joint ventures with Myanmar citizens, who have invested in a restricted sector identified in Notification 15/2017 will be required pursuant to rule 227 of Myanmar Investment Rules (“MIR”) to notify the MIC or the relevant State/Regional Committee Offices of such activity prior to 29 March 2019 (prescribed form of notification). This will affect existing foreign companies in Myanmar that are already operating without any MIC permit and are now caught by these reporting requirements. All investors who are now making new investments in a restricted sector must submit a notice of their investment within 3 months of commencing the implementation of the investment.
Please read our analysis of the new restricted investment list in our April 2017 postcard.
For our top picks for developments taking place in Myanmar, please go to our May 2017 postcard.