为了将线下监控系统转变为线上监控系统，缅甸投资委员会（简称“MIC”）于2024年2月21日发布了通知（简称“通知”），宣布持有许可证或认可的公司将有更多时间重新注册并将数据录入新的缅甸投资在线（简称“MyinO”）系统。这也意味着与这些公司外国员工相关的申请的过渡期也延长了，允许截止日期2024年6月30日前，继续以纸质形式提交申请。 因此，无论您是考虑申请投资许可证，或已经拥有许可证，或打算为您的缅甸投资业务雇佣外国专家，以下是您需要了解的关键细节： 需要重新录入到系统的数据是什么？ 根据该通知，持有投资许可证的公司，必须确保重新输入所有与投资相关数据，包括许可证颁发日期后所做的任何活动或投资变更。 重新录入数据的过渡期是什么时候？ 数据重新录入和提交与公司外国员工相关的申请的过渡期从原定的截止日期2023年9月1日延长至2024年6月30日。此日期之后，所有外国员工任命申请只能通过MyInO系统进行提交。 所有投资许可证持有者都必须在MyinO系统中重新录入信息吗？ 虽然没有明确规定必须重新注册，但实际上，这对于申请处理是必要的，因为只有在投资数据录入系统后，才能进行后续的申请提交。 关于外国专家任命的申请如何提交？ 在过渡期间，所有与外国专家相关的事务，如任命外国专家（工作居留许可）、调整员工人数以及管理外国专家的辞职，仍然可以通过邮寄或现场递交，除此之外，还可以在重新录入数据后通过MyInO提交。然而，在过渡期结束后（即根据通告为2024年6月30日），此类外国员工任命只能通过在线提交进行。 如果不遵守通知的后果是什么？ 尽管投资公司在MyinO的数据重新录入并非强制性的，但如果未能这样做，将无法在线提交工作许可申请，也不再接受现场提交。因此，建议所有投资许可证持有者尽快重新录入信息，以免对公司业务运营造成延误，因为重新录入信息过程可能需要时间。 如果您有任何疑问或需要帮助，请联系您的VDB Loi专属顾问。

On 21 February 2024, the Myanmar Investment Commission (“MIC”) announced an extension of the deadline for companies holding MIC permits or endorsements to re-register and enter all their existing data into the new Myanmar investment online system (“MyInO”) to 30 June 2024. This also means an extension of the transition period for applications related to […]

The Myanmar Investment Commission (“MIC”) released Notification 28/2021, dated 8 September 2021, regarding a support plan for the recovery of businesses in Myanmar (“Notification 28”); the MIC will issue a new MIC Permit or Endorsement to investments that suffered fire damage in March 2021. Who are entitled to apply? Notification 28 listed two main groups […]

MIC has announced on 30 December 2019 (“Announcement”) on the new format for its quarterly report, the Myanmar Investment Commission (“MIC”). The new MIC quarterly report a uniform format for all investment sectors. This new format must be used starting from the January to March 2020 period. In addition to other usual items to be […]

The Central Bank of Myanmar (“CBM”) has recently made changes to the offshore loan criteria that it has published on its website (see https://www.cbm.gov.mm/content/2066). Clearer wording has been added in terms of the differences in requirements for companies holding permits from the Myanmar Investment Commission (“MIC”) and non-MIC companies. Further updates have been made to terms […]

Lack of electricity generation and the growing demand in power supply have led the government of Myanmar to resort to short-term power rental projects to feed electricity into the grid as early as 2014 when the government awarded a number of power rental projects to companies such as Aggreko and APR Energy. Highlights of this […]

In another exciting development in the Myanmar financial regulatory landscape, foreign life and non-life insurers can form joint ventures with local life and non-life insurers respectively. In addition, up to 3 (three) licenses will be granted to foreign life insurers to operate as wholly-owned subsidiaries. Therefore, foreign insurers will now play a much more active […]

A recent Myanmar Investment Commission notification allowing foreign investment in private schools is the first in a raft of changes for the sector, with a planned Private School Law set to introduce government licensing for teachers and the vetting of international school curricula. Click the following link to read article. https://frontiermyanmar.net/en/new-rules-for-private-schools

The Union Government of Myanmar has issued an updated list of members for the Myanmar Investment Commission. This list is in effect starting from 18 January 2018. There are only a few changes compared to the previous list of members. Please see the list below. 1 Chairman U Kyaw Win Union Minister Ministry of Planning […]

MIC has issued an invitation welcoming foreign and Myanmar citizen investors to invest in Logistics Services at the major cities of logistics and trading hub. The sectors of investment  included in the invitation are Dry Port Services, Bonded Warehouse Services, High-way Bus and Freight Terminals and Warehouses & Wholesale Centers. It is also written that […]

New rules for appointment and resignation of foreign experts The Investment Monitoring Division of the Directorate of Investment and Company Administration (“DICA”) has issued an Announcement, which came into effect on 21 October 2017. The Announcement pertains to the appointment of foreign experts as senior management, technical experts or consultants. In order for the appointment […]

On 9 September 2016, the Myanmar Ministry of Electricity and Energy (MOEE), through the Myanmar Oil and Gas Enterprise, (MOGE), published a request for Expressions of Interest for the “bulk supply and or terminal of LNG in Myanmar”. Highlights The Myanmar government’s interest in LNG How much LNG does Myanmar need?   No long term […]

The Myanmar Investment Commission (MIC) has announced ten priority areas, according to a statement on the Directorate of Investment and Company Administration’s website. Investors submitting proposals in the area will be given priority, with foreign and local investors welcome to invest in the areas, the statement said.. It is not clear from the statement how […]

The Myanmar regime of investment-related tax incentives has been updated by the new “Investment Rules”, officially known as Notification 35/2017 (“Rules 2017”). One of the key issues for investors is the tax exemption for expansion of projects that already received an MIC permit under the Foreign Investment Law 2012 (FIL). 

A fairly big portion of new investment projects in Myanmar will no longer receive an actual MIC Permit in accordance with the old, often time consuming procedure. Instead, there is the lighter “Endorsement” procedure for those who need land approvals or who qualify for tax incentives.

1. The legal system As the legal system of Myanmar has its roots in the English common law system, laws in Myanmar are similar to English law. 2. Are there restrictions on foreign investment ownership? The Myanmar Investment Commission (MIC) from time to time issues notifications and regulation covering investment by foreign investors in various […]

In 2016, telecommunication sector attracted most foreign investment in Myanmar, according to MIC data, and this trend is expected to continue over the coming years. In this client briefing note, we explain ten tips for telecom contracting in Myanmar. Highlights of this note Make it clear who is responsible to get the license in a […]