New Myanmar Investment Law takes effect in January

Myanmar’s new investment law will take effect on 1 January, 2017, according to the Myanmar Investment Commission.

The new law will combine the Foreign Investment Law and the Myanmar Citizens Investment Law, said U Aung Naing Oo, secretary of the Myanmar Investment Commission (MIC).

The commission will continue its functions in accepting proposals submitted by some investors since before the enactment of the Myanmar Investment Law, until 31st December 2016, he added.

The MIC will deal with investment proposals in accordance with the new Myanmar Investment Law that will be effective starting from 1 January next year. President signed the new Myanmar Investment Law, which was promulgated on 18th October this year.

To learn how to submit a MIC Proposal or an Application for an Endorsement please click here

Source: Global New Light of Myanmar


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