The Foreign Investment Law (Number 21/2012) was enacted in November 2012 and demonstrates the government’s commitment to creating a more liberal economy and encouraging foreign investment. The law seeks to provide rights and guarantees for land use and investments, as well as simplifying the process of registration and licensing and offering a significant number of incentives and tax reliefs. The Myanmar Investment Commission (MIC) is responsible for verifying and approving investment proposals and regularly issues notifications about sector-specific developments. The MIC is comprised of representatives and experts from government ministries, departments and governmental and non-governmental bodies.

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Foreigner is allowed to incorporate the following entity to invest in Myanmar as stated follows;

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1) Foreign Company(100% foreign wholly owned enterprise)

 

2) Branch Office

 

3) Representative Office

 

4) Joint Venture

 

5) Partnership