September 20, 2017

Businesspeople, public gain chance to help shape modernization of investment law

Photo of under-construction buildings being developed by foreign investors in Yangon.
Photo of under-construction buildings being developed by foreign investors in Yangon.

Businesspeople and members of the public can provide input on new legislation aimed at modernizing Myanmar’s rules and regulations on investment, the Directorate of the Investment and Company Administration (DICA) said Saturday.
The Investment Law of the Republic of the Union of Myanmar, currently in draft form, will supersede two existing laws governing domestic and foreign investment, and is being developed in cooperation with the International Finance Corporation (IFC), the DICA said.
The draft Myanmar Investment Law (2015) has been uploaded in English on the DICA website, with a Myanmar language version coming soon, it added.
The Myanmar Investment Law (draft) consolidates and replaces the Myanmar Citizens Investment Law and the Foreign Investment Law, and is comprised of seven parts with 25 sections.
The DICA invited comments and feedback on the draft law, by 26 March, by email at [email protected] or by post or fax to the Yangon Office at No.1 Thitsar Road, Yankin Township, Yangon (Fax: 01 658135), Nay Pyi Taw Office at Building No. 32, Nay Pyi Taw (Fax: 067 406306), Mandalay Office at the corner of 26th and 84th Street, East Zay Cho Market, 2nd Floor, Chan Aye Thar Zan Township, Mandalay Region (Fax: 02 686660), Shan State Office at No. 139, Sat San Tun Road, Zay Pine Yut, Taungyi, Shan State (Fax: 081 2124974) and Mon State Office at No. 401, Toe Chae Kan Nar Road, Mayangone Quarter, Mawlamyine Township, Mon State (Fax: 05 7 23385).

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