Investment Law 2016

The 2016 investment law of Myanmar subjects the following investments to screening and authorisation:

• Investment businesses that are essential to the Union strategy
• Large capital intensive investment projects
• Projects which are likely to cause a large impact on the environment and the local community
• Investment businesses which use state-owned land and building
• Investment businesses which are designated by the government to require the submission of a proposal to the Commission

The law stipulates that local businesses and SMEs may benefit from special treatment compared to foreign investors, notably investment incentives such as income tax exemption, customs duty exemption for  certain import of machinery, equipment, instruments, spare parts, and materials.

Want to know more about this policy ? Learn more