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DUTIES AND RESPONSIBILITIES OF MYANMAR
CITIZEN INVESTMENT DEPARTMENT
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| According to the Union of Myanmar
Citizens Investment Law, Local/ Domestic Investment section
is carrying out the following function. |
| (A) |
Providing information
about Myanmar’s economic, financial, social and
investment opportunities to Myanmar citizens who are
inquired and interested to make investment; |
| (B) |
Clarifying the
Myanmar Citizen Investment Law, Rules and Regulations,
and documentation requirements for any enquiries both in
person and through telephone, fax and email; |
| (C) |
Checking all the
required data and information whether it is complete or
not when the investment proposal has been submitted. |
| (D) |
Getting
recommendations and approvals from the concerned
Ministries for those investment proposals; |
| (E) |
Submitting the
complete proposals with the recommendations to Cabinet
through internal Meetings and Commission Meeting after
checking; |
| (F) |
Issuing permits and
other formalities, such as, exemptions, duties and
responsibilities which the permitted investors need to
follow; |
| (G) |
Scrutinizing the list
of machineries which are examined for investment capital
which are brought by foreign currency, machineries and
raw materials; |
| (H) |
Administering and
processing for the increasing and decreasing of
investment applied by the permitted investment; |
| (I) |
Scrutinizing and
submitting to Commission for the amendments, such as,
adding clauses, appealing, liquidation applied by
permitted investment; |
| (J) |
Scrutinizing and
submitting to Commission for tax exemptions and other
reliefs by the requests of investors from time to time; |
| (K) |
Administering and
reporting to Commission for the imports of machineries
and raw materials as a investment capital by the
permitted investments; |
| (L) |
Analyzing,
administering and reporting to Commission and other
higher authorities for the implementation and budget
condition of the permitted investment by biannually and
annually; |
| (M) |
Advising for the
investment requested by the Government Organizations,
Cooperatives and welfare and development committees; |
| (O) |
Processing and
getting approvals from the Commission for the proposals
made by Government Organizations, welfare and
development committees and cooperatives for leasing or
cooperating of their land, buildings and machineries or
forming joint ventures with local business
organizations; |
| (P) |
Issuing
recommendations to the concerned authorities for the
visa, stay permit and multiple visa for foreign
technicians and expertise who are working at the
permitted investment; |
| (Q) |
Publishing the books,
publications, brochures and pamphlets for investment
related matters and information for the local and
foreign investors; |
| (R) |
Filing and updating
the list of permitted investment and their accounts
fortnightly;
Reporting regularly
to Commission and higher authorities for the work done
by Commission by monthly, quarterly and annually; |
| (S) |
Implementing other
jobs assigned from time to time; |
| (T) |
The duties and
responsibilities of the Investment Information
Collection and Promotion Team are as follows: |
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(i) |
Distributing investment
information with regard to the Union of Myanmar Foreign
Investment Law and Myanmar Citizen Law and corresponding
with the local and foreign investors; |
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(ii) |
Scrutinizing the submitted proposals; |
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(iii) |
Examining the investor’s financial background, economic
scale and technology level; |
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(iv) |
Administering the application of visa, capital increase,
changing address and changing directors; |
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(v) |
Collecting investment news and information; |
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(vi) |
Reporting the business objectives to the Myanmar’s
Investment Commission of the Union of Myanmar; |
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