Norway-Asia Business Review - - Snapshots -

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.

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