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[/ultimate_heading][vc_separator][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]THE ESTABLISHMENT AND ROLE OF DICA
As part of its effort to establish a market oriented economic system in Myanmar, the Directorate of Investment and Company Administration (DICA) was formed under the Ministry of National Planning and Economic Development on October 13, 1993.
As 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 conducive investment climate. DICA is taking several functions
- as a regulator on investment and companies
- as a company registrar
- as an investment promotion agency
- and as the Secretariat of MIC.
Furthermore, DICA is also responsible for drafting, negotiating and approving bilateral Investment Promotion and Protection Agreements and serves as a focal department for all ASEAN investment related affairs (e.g. ASEAN Comprehensive Investment Agreement, bilateral ASEAN Investment Agreements).
Recent developments
2013: A One Stop Service (OSS) center was established within DICA headquarter in Yangon to facilitate coordination and the engagement of businesses with other ministries.
2014: DICA moved its headquarter from Nay Pyi Taw to Myanmar’s economic center Yangon to easily cooperate with investors. At the same time DICA started to branch out to other states and regions, with first branches opening up in Nay Pyi Taw, Taunggyi, Mawlamyine and Mandalay.
2015: DICA expanded by 128 members of staff to support DICA’s role as a facilitator of the business community and its commitment to deliver better services. Processes of company registration and investment application are simplified and properly documented to make doing business easier in Myanmar. Myanmar improves by 29 ranks in the indicator “Starting a business” of the Doing Business Report, making it the country with the biggest improvement in the ease of starting a business in 2014/15. The first Myanmar Investment Fair is organized by DICA in Mandalay.
2016: A new website was launched to provide better information and services. Another branch offices were already opened in Pathein, Dawei, Monywa and Hpa-An .
DICA played an active role in enhancing the investment climate in Myanmar with a significant contribution to reforming the regulations governing investment and business activity with development of the Myanmar Investment Law (MIL) and Rules. The MIL, which replaced the Foreign Investment Law 2012 and Myanmar Citizen Investment Law 2013, was approved by Parliament in October 2016. DICA provided further assistance to investors looking to start businesses in Myanmar with publication of the booklet, How to Register Your Company in Myanmar.
2017: The Myanmar Investment Rules – which explain the compliance requirements of the MIL and the way the MIL will be interpreted – were agreed by Parliament in March and came into effect, with the MIL, from April 2017.DICA branch offices were opened in Bago Region, Magway Region, Kayah State, Kachin State, Rakhine State, and Chin State.
DICA is also playing a key role in the next phase of regulatory reform, amendment of the century-old Myanmar Companies Act 1914, in order to be modernized with the current laws.
Following a comprehensive survey of companies, DICA published the Cost of Doing Business in Myanmar 2017 report which offers a detailed guide to, amongst others, the cost of office accommodation, staffing, company setups, importing and exporting, and utilities in Myanmar.
The second Investment Fair and Third Investment Fair have been conducted in Hpa-an, Kayin State and Taunggyi, Shan State.
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- To increase investments (local investment & foreign investment)
- To encourage private entrepreneurship
- To take part in regional and international economic cooperation
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To develop institutional frames
D – Dutiful
I – Industrious
C – Capable
A – Accountable
We called DICA.
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There are 254 officers and 244 staff in DICA. In order to gain the benefits of decentralization for businesses, we are opening DICA branch offices in all the states and regions.Offices in Yangon, Nay Pyi Taw, Mandalay, Taunggyi, Mawlamyaing, Pathein , Monywa , Dawei, Hpa-An, Bago, Magway, Loikaw, Myitkyina, Sittwe, Hahka have been opened up to now.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
Head office Yangon
No.1, Thitsar Road, Yankin Township, Yangon |
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State and regional branch offices |
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Naypyitaw Branch
Office No.32, Nay Pyi Taw.
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Taunggyi Branch, Shan StateYone Gyi Street, Thit Taw Ward, Compound of the shan State Government Office, Taunggyi. |
Mandalay Branch, Mandalay RegionCorner of 26 Street & 84 Street, Notth of Zaycho Building, Third Floor, Chanayetharzan Township, Mandalay. |
Mawlamyaing Branch, Mon StateCompound of Mon State Government Office, Yone Gyi Street, Panpatan Ward, Mawlamyaing,Mon State. |
Pathein Branch, Ayeyarwaddy RegionOSS office, Myat Toe Ward, Pathein |
Monywa Branch, Sagaing RegionCompound Office of District Administration Committee, Yone Gyee Road, Yone Gyee Quarter, Monywa |
Dawei Branch, Tanintharyi RegionCombined Office, San Chi Quarter, Dawei Towinship |
Bago Branch, Bago RegionBago Regional Ministers’ Office, Taungoo Street, Yone Gyee Quarter, Bago Towinship |
Hpa-An Branch, Kayin StateKayin State Ministers’ Office, Thu Da Nu Street, Hpa-An Towinship |
Magway Branch, Magway RegionCombined Office, Pyi Taw Thar (1) Street, Pyi Taw Thar Quarter, Magway Towinship |
Loikaw Branch, Kayah StateCompound Office of District, U Ni Street, Daw U Khu Quarter, Loikaw. |
Myitkyina Branch, Kachin StateGovernment Office Compound, Yone Gyi Street, Ayar Quarter, Myitkyina Towinship, Kachin State |
Sittwe Branch, Rakhine StateGovernment Office Compound, May Yu Street, Ball Lone Kwin Quarter, Sittwe Towinship, Rakhine State |
Hakha Branch, Chin StateCompound Office, Zay Thit Quarter, Hahka Towinship, Chin State |
Yangon Branch Office and One Stop Services (OSS) Branch, Yangon RegionPlot No.49, Myay Taing No. 85/KanBae,Sein Lae May Lane,Kabar Aye Road,Yankin Township,Yangon |
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