APPLY FOR MIC PERMIT

WHAT IS A MIC PERMIT?

The Myanmar Investment Commission (MIC) is responsible for approving

investment proposals and to issue investment permits (also called MIC permit)
in Myanmar.

WHO SHOULD APPLY FOR A MIC PERMIT?

In general, both local and foreign investors can apply for a MIC permit.

While a MIC permit is mandatory for all foreign investors who wish to carry out
direct investment in Myanmar, Myanmar citizens are only required to apply for a
MIC permit for specific types of investment. Foreign companies only providing
services within Myanmar do not require a MIC permit and can start operating
their business after incorporating a company according to the Myanmar
Companies Act . For details on which sectors foreign investment is allowed,
please refer to the MIC Notification No. 26/2016 . Apart from these sectors,
foreign investors can apply for a permit in the form of up to 100% foreign
ownership.

WHY TO APPLY FOR A MIC PERMIT?

A granted investment permit entitles to several advantages and is therefore also

recommended for bigger investments. The most important are mentioned here:

Foreign investors are able to lease land on a long term basis

Access to tax incentives
Access to stay permits, foreign experts and technicians can be appointed
No nationalization of businesses during the term of investment
No business suspension before the expiration of the permitted duration
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Read more about it on Policy & Legal page for Foreign investment and Myanmar
Investment

HOW TO APPLY FOR AN INVESTMENT PERMIT

First, an investor must submit a proposal to MIC, which will then:

Scrutinize the proposal and accept or reject it within 15 days

Once accepted, the commission will review the proposal and either refuse
it or issue a MIC permit within 90 days.

AN OVERVIEW OF THE APPLICATION PROCEDURE:

The following procedure is valid for most kinds of investment applications. The
process might slightly vary depending on the type of investment.

STAGE 1: COLLECT INFORMATION FROM DICA

Seek advice and information from DICA

STAGE 2: PREPARE DOCUMENTS

Buy Investment Proposal form then fill in forms and submit to DICA.

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STAGE 3: REVIEW BY DICA PROPOSAL ASSESSMENT TEAM (PAT)

DICA assesses the Application Package and organise a PAT meeting.

DICA contacts relevant Ministry and authority for recommendation letter.

STAGE 4: REVIEW BY MYANMAR INVESTMENT COMMISSION (MIC)

Investors sign contracts with services providers. Proposals of investors are

assessed by MIC.

STAGE 5: OBTAING RESULTS

Investors pick-up the MIC certificate if MIC accept the proposals.

Investment proposals submitted to the MIC are usually being approved on a

case-by case basis by the MIC. It evaluates investment proposals using the
assessment criteria outlined below:

1. Compatibility with the policies set out in the Foreign Investment Law
2. Financial trustworthiness
3. Economic solidity of the company and conformity with existing laws

When an investor is granted a permit, it may begin operations after finalizing

any necessary contracts with government entities, organizations or individuals.
In some cases MIC can grant parties permission to amend the terms of their
contractual agreements, in accordance with the Foreign Investment Law (Link).

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 Detailed information on the MIC permit application process.
Necessary documents to apply for MIC permit

INVESTMENT APPLICATION GUIDELINES BY SECTORS

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