Myanmar Investment Commission (MIC) is a government-appointed body with the aim of responsible investment development, protect the investors and their investments, and development of national economic environment through investments in accordance with the Myanmar Investment Law 2016. The MIC has duties to carry out investment promotion, facilitation, and coordination. Moreover, the MIC has the power to issue necessary notifications including the stipulation of investment promoted sectors and the types of restricted or prohibited investment activities, and permit or endorsement to investors. With fewer investment proposals is required formal MIC approval. An Endorsement process – whereby proposals are fast-tracked by being ‘endorsed’ by the MIC – is now also available to investors.
To learn more about how to apply for a MIC Permit, please click here.