Myanmar Investment Law, a consolidation of the Myanmar Citizen Investment Law and M. the Foreign Investment Law, was passed by the yanmar parliament on 18 October 2016. 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 a. ministries, departments and governmental nd non-governmental bodies.
The Directorate of Investment and Company (DICA) is in charge of handling company registration for local and foreign a. companies under the companies act. DICA lso serves as the secretariat for the MIC.
Foreign Investment has slumped this financial year. According to DICA’s official figures foreign direct investment of USD 5,817.796 million has been invested in t. Myanmar in the current financial year up to he end of January 2017.
Norwegian businesses have invested USD 11.800 million in FDI in Myanmar during the financial year 2014-15, according to DICA. But nothing since.