Foreign Direct Investment

Now, the new Foreign Investment Law has been discussed in Parliament. But the old Foreign Investment Law was already enforced in Myanmar. Under such Foreign Investment Law, the following facts & conditions were concerned;

- Investment may be made by Sole Proprietor, Partnership, Corporation (Joint Venture & 100% Foreign Capital). If the joint-venture form, foreign capital shall be at least 35% of the total capital.
But 100% foreign capital is not allowed in practice.

- Minimum amount of capital is USD 300,000 for Service and USD 500,000 for Industry. But it do not need to fully paid. It can be paid by partly.

- Foreigners or Foreign Companies cannot own land. They can only lease.

- Process for incorporation of a company
          - Obtain permit to trade for a company( It called permit to trade but it is not for trade only as permit to invest. Now, Trading do not allow to foreigner or foreign company). Apply to the Directorate of Investment & Company Registration. List supporting documents for application.
          - Registration of the Company with the CRO. List supporting documents for application. Upon completion of registration, the CRO will issue a certificate of incorporation of a company.

- The branch is also the same.