While most projects no longer require Myanmar Investment Commission (MIC) approval, those meeting certain criteria will continue to need to do so.
Project proposals continuing to require a MIC permit include businesses which are: strategic to the Union, have large capital investments, have a large potential impact on the environment and local community, involve state-owned land, or are designated by the government as needing a permit.
The following procedure is valid for most kinds of investment applications. The process might vary slightly, depending on the type of investment.
Seek advice and details from DICA
Purchase Investment Proposal form, then fill in and submit to DICA
Attend the Proposal Scrunity Committee meeting and give a detailed presentation on the project and the questions scruntinized by the Proposal Scrutiny Committee. Obtain the approval of the proposal scrutiny committee and amend if necessary.
Enviromental management; Project or enviromental assessment; Coordinating and implementing social and enviromental assessments. Attending Myanmar Investment Commission meeting and presenting investment proposal. Obtaing or denying permission from Myanmar Investment Commission.
Permission can be issued if the Myanmar Investment Commission accepts the proposal.