While most projects no longer require Myanmar Investment Commission (MIC) approval, those meeting certain criteria will continue to need to do so.
Project proposals continuing to require a MIC permit include businesses which are: strategic to the Union, have large capital investments, have a large potential impact on the environment and local community, involve state-owned land, or are designated by the government as needing a permit.
The following procedure is valid for most kinds of investment applications. The process might vary slightly, depending on the type of investment.
Seek advice and details from DICA
Purchase Investment Proposal form, then fill in and submit to DICA
DICA assesses the Application Package and organises a PAT meeting
Investors sign contracts with services providers, and proposals by investors are assessed by MIC
Pick-up the MIC Permit, if MIC accepts the proposal