Ministry of Investment and Foreign Economic Relations (MIFER),The Republic of the Union of Myanmar
Grow Your Business In The Golden Land Of Opportunity
Ministry of Investment and Foreign Economic Relations (MIFER),The Republic of the Union of Myanmar
The Yangon Region Investment Committee meeting 1/2025 was held at the Yangon Region Investment Committee office in Yangon on 28th January 2025. The meeting was attended by the Chairman of the Yangon Region Investment Committee, U Soe Thein, the Chief Minister of the Yangon Region Government, and the members of the Yangon Region Investment Committee.At the meeting, the Yangon Region Investment Committee approved investments from Myanmar citizens and two foreign businesses in the hotel & tourism sector, services sector, and manufacturing sector. These included hotel services, sales and services of ready-mixed concrete, and the manufacturing of garments on CMP basis.The total amount of these investment projects is 800 million kyat and USD 5.931 million, which will create 1,016 local job opportunities.Moreover, the general issues of six companies were also discussed during the meeting.
POSTED ON 30 Jan 2025Kachin State Investment Monitoring Team visited the Manhkring Electrical Substation, Myitkyina Township, Kachin State, which is operating under a permit from the Myanmar Investment Commission on 20 January 2025. During the visit, the team inspected on investment conditions after permit and any challenges of the company face in doing investment. The team also discussed the responsibilities of the company, the needs of the company, and the coordination of those with respective departments.
POSTED ON 21 Jan 2025Nay Pyi Taw Investment Monitoring Team conducted a field inspection to investment projects which are the poultry breeder farm and hatchery, pig farm and sales of pig, generation of 30 MW electricity from solar plant and supply and sales of electricity on IPP(BOO) basis in Nay Pyi Taw on 16th January 2025. The team discussed the implementation and coordinated activities of these projects.
POSTED ON 20 Jan 2025As the primary interface between businesses and the government, DICA is mandated to promote private sector development and to boost domestic and foreign investment by creating a conductive investment climate.
Registration is the first step a businessperson will be required to take before incorporating a company or making an investment in Myanmar, whether that person is a citizen of Myanmar or a foreigner. In accordance with the Myanmar Companies Law 2017, a company may be registered in one of the following forms:
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 ministries, departments and governmental and non-governmental bodies.