Myanmar’s second largest city of Mandalay in the central part will hold an international trade fair and business forum on March 23 to attract foreign entrepreneurs to invest and do business in the city, according to organizers Thursday. Scheduled to be held at the Mandalay City Hall, the three-day event is jointly organized by the […]
Myanmar offers tax exemption to entrepreneurs investing in new Yangon city project
March 5, 2019 by
YANGON, March 2 (Xinhua) — Myanmar is offering zone-wise tax exemption to entrepreneurs investing in a New Yangon City Project, aimed at attracting more investors to the city expansion project being implemented on lands to the west of Yangon River, according to the Myanmar Investment Commission Saturday. Those investing in Zone-1, which is least developed, […]
Chin State seeks 10 year tax exemptions
January 21, 2019 by
The Chin State Chamber of Commerce and Industry (CCCI) is asking the government for approval to raise the tax-exempt period granted to investors in the state to be raised Ceu Hlei Lian, the chair of the Chin State Chamber of Commerce and Industry submitted the request to the Private Sector Development Committee headed by Vice […]
Myanmar’s poorest state beckons investors
November 28, 2018 by
CHIN state’s underdeveloped infrastructure presents great opportunities for domestic and foreign investors if they do their homework, says a report that looks into business prospects in Myanmar’s poorest region. Min Zaw Oo, director of Chin State at the Directorate of Investment and Company Administration, said investors should not hesitate to invest in Chin state where […]
Mandalay approves investments exceeding K1.4 billion
January 25, 2018 by
The Mandalay Region Investment Committee has approved over K1.4 billion in investments since the Myanmar Investment Law was approved in October 2016, U Thike Htoon, assistant director at the Directorate of Investment and Company Administration (DICA), said on Monday. The investments were approved for the first time after the Myanmar Investment Commission (MIC) established Region […]
Dirt-poor Chin State hidden gem for investors
November 22, 2017 by
THE regional government in Chin State, together with the Directorate of Investment and Company Administration (DICA) and a UK-funded initiative, hailed Chin as a hidden gem overlooked by domestic and international investors. Renewable energy, tourism, agribusiness, weaving and urban development are pitched as key areas for development. Chin State, the least developed among Myanmar’s 14 […]
MIC to Prioritise Needy Townships
December 9, 2016 by
Under the new Myanmar Investment Law, investment promotion plans will identify zones 1, 2 and 3 to prioritise the townships most in need, according to the Directorate of Investment and Company Administration under the Ministry of Planning and Finance. For income tax exemption under the new law, underdeveloped regions are designated as zone 1, the regions with moderate development zone 2 and developed regions zone 3. With government approval, the Myanmar Investment Commission (MIC) may give income tax exemption to zone 1 investors for seven consecutive years, zone 2 investors for five years and zone […]
Three to seven year tax holiday period to be granted
August 3, 2016 by
TAX holidays will be granted for three to seven years, it has been learned. Authorities have been formulating a Myanmar Investment Law (Draft), which will grant tax exemptions to foreign direct investments excluding those made in Special Economic Zones (SEZs). The division of zones is based upon the development status of regions and states with […]
China tops investor list
November 18, 2014 by
China is the top investor in Myanmar so far this year, according to the Directorate of Investment and Company Administration. Until the end of October, total foreign investments exceeded US$50 billion, of which US$40 billion is operating in the country. Myanmar Investment Commission (MIC) is giving the green light to local and foreign companies in […]
