INVESTMENT IN MYANMAR

MYANMAR FOREIGN INVESTMENT LAW

• FORM OF ORGANIZATION  
• 100 % foreign-owned (permitted  activities by MIC)
• Joint Venture (Any Myanmar Partner or Organization / state owened Enterprises)

Other form of Business Contract which is mutually agreed by both parties                                                                                                   

• MINIMUM FOEIGN CAPITAL   
• Depends on type of business nature and sector
• If JV,35 % of total capital
• If JV (restricted/prohibited activity),                 
• Foreign Capital  -  50 : 50
• Both                    in kind                                                     
•                           in cash

• TAX INCENTIVES

  • 5 YEARS TAX HOLIDAY
  • further tax exemption / relief for an appropriate period in case if it is 
  • considered beneficial for the State. 
  • Exemption on relief from customs duty or other internal taxes or both
  • on importation of machineries & equipments during construction period.
  • Importation of raw materials for production for the first 3 years.
  •  
  • The Commisssion may also grant ; -
  • exemption or relief rom income tax on profit which is reinvested within in year.
  • Relief from income tax up to 50 % on the profir from exports.
  • right to pay income tax on behalf of the foreign employees andt o deduct the same from the assessable income of the enterprise.
  • right to pay income of the foriegn employees at the rate applicable to the citizens of Myanmar.
  • right to deduct the research and development expenditure.
  • Right to accelerate depreciation
  • Right to carry forward and set off losses up to 3 consecutiove years , from the year the loss is sustained.
  • Exemption or relief fromcustom duty ot other internal taxes or both on 
  • machineries ,  equipments, etc. if the investment amount is increased and the original investment business is expanded during the permitted period.

  • Exemption or relief from commercial tax on the goods produced for export.

     

    YOU CAN NOW INVEST IN MYANMAR SUCH AS CONSTRUCTION OF HOTELS IN NAY PYI DAW , YANGON, MANDALAY AND   NGWE SAUNG BEACH.