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
In order to understand the concepts of FDI and to facilitate in filling the survey questionnaire form, an information Workshop on Foreign Direct Investment Survey for Year 2023 was conducted at the head office of the Directorate of Investment and Company Administration, on 3rd March 2024.At the event, Daw Tin Aye Han, Deputy Director General of the Directorate of Investment and Company Administration delivered the opening speech and the responsible staff of the Planning and Statistics Division explained the concepts, definitions and methodologies of FDIS data compilation and previous experiences. Furthermore, Financial Experts of the Zeya & Associates Co., Ltd. demonstrated how to fill the data in the Survey Questionnaire Forms.The workshop will be conducted from 3rd April to 4th April 2024 and about 170 participants (General Managers, Financial Controllers, Chief Accountants and Accountants) from 90 foreign companies which are registered at DICA attended at the two-day workshop.The data compilation of the FDI survey will be accumulated both from the previous participated (150) companies and altogether (250) FDI companies will be collected in May 2024 and the Survey result will be published in June 2024.
POSTED ON 09 Dec 2024The Yangon Region Investment Committee meeting 12/2024 was held at Yangon Region Investment Committee in Yangon Office on 26th December 2024. The meeting was attended by Chairman of the Yangon Region Investment Committee U Soe Thein, Chief Minister for the Yangon Region Government and Members of the Yangon Region Investment Committee. At the meeting, Yangon Region Investment Committee approved a Myanmar citizen investment and two foreign Investment projects in the hotel & tourism sector and manufacturing sector. The amount of these investment projects are 1,180 million kyat and USD 2.220 million and 2,440 local job opportunities can be created.Moreover, the general issues of the thirteen companies were also discussed in the meeting.
POSTED ON 27 Dec 2024The Magway Region Investment Committee Meeting (11/2024) was held at the Magway Region Government Office on 23rd December 2024. The meeting was chaired by U Tint Lwin, Chairman of the Magway Region Investment Committee and Chief Minister of the Magway Region Government, and the committee members attended the meeting.At the meeting, the committee members discussed on the extension of construction period of a Myanmar citizen investment and the ground field inspections conducted by the Magway Region Investment Monitoring Team.
POSTED ON 26 Dec 2024As 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.