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The Myanmar Investment Commission (MIC) is a government-appointed body which is responsible for verifying and approving investment proposals and regularly issues notifications about sector-specific developments.The new Myanmar Investment Law changes the role of the MIC with fewer investment proposals requiring formal MIC approval and a new Endorsement process – whereby proposals are fast-tracked by being ‘endorsed’ by the MIC – now available to investors.The MIC is comprised of representatives and experts from government ministries, departments and governmental and non-governmental bodies. It has been formed under Myanmar Investment Law.
Objectives of MIC are as follows:
- To protect investors according to the new investment law promulgated by Union Hluttaw (Parliament)
- To safeguard environmental conservation
- To deeply emphasize on social impact
- To practise accounting and auditing in accordance with international standard in financial matters including transparency and accountability
- To create job opportunities
- To abide existing labour law
- To support corporate social responsibilities
- To transfer technology
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According to Notification No. 61/2018 of Union Government of the Republic of the Union of Myanmar on 16 June 2018, the formation of Myanmar Investment Commission is as follow;
NO. | NAME | FUNCTION | INSTITUTION | ROLE | |||
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1. | H.E U Thaung Tun | Union Minister | Ministry of the Office of the Union Government | Chairman | |||
2. | H.E. Dr. Than Myint | Union Minister | Ministry of Commerce | Vice Chairman | |||
3. | H.E. U Tun Tun Oo | Union Attorney General | Union Attorney General Office | Member | |||
4. | U Set Aung | Deputy Minister | Ministry of Planning and Finance | Member | |||
5. | Daw Nilar Kyaw | Minister | Yangon Regional Government | Member | |||
6. | Dr. Aung Tun Thet | Economist | Member | ||||
7. | U Khin Maung Yee | Permanent Secretary | Ministry of Natural Resources and Environmental Conservation | Member | |||
8. | U Toe Aung Myint | Permanent Secretary | Ministry of Commerce | Member | |||
9. | U Htein Lwin | Permanent Secretary | Ministry of Electricity and Energy | Member | |||
10. | U Htay Chun | Deputy Director General (Retired) | Directorate of Investment and Company Administration | Member | |||
11. | U Aye Lwin | Central Executive Committee Member | Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry | Member | |||
12. | U Thant Sin Lwin | Director General | Directorate of Investment and Company Administration | Acting Secretary | |||
13. | Daw Mya Thuza | Deputy Director General (Retired) | Directorate of Investment and Company Administration | Joint Secretary |
The Notification No.20/2018 issued by the Union Government on 18th Janauary 2018 was repealed by this Notification.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
Head Office Yangon No.1, Thitsar Road, Yankin Township, Yangon. Contact: 01 658 103 |
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State and regional branch offices |
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Naypyitaw Branch, Naypyidaw Union Territory
Office No.32, Nay Pyi Taw. |
Mandalay Branch, Mandalay Division
Corner of 26 Street & 84 Street, North of Zaycho Building, Third Floor
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Taunggyi Branch, Shan State
Department of Trade Promotion and Consumer Affair Compound, East Circular Road
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Mawlamyaing Branch, Mon State
Yone Gyi Street, Panpatan Ward, Compound of Mon State Government Office, Mawlamyaing,Mon State.
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Pathein Branch, Ayeyarwady Region
No.38, Aoo Bo Tan Street, Quartar (3), Pathein. |
Monywa Branch, Sagaing Region
Compound Office of District Administration Committee, Yone Gyee Road, Yone Gyee Quarter, Monywa.
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Dawei Branch, Tanintharyi Region
Between Padonmar Street and Sein Pan Pin Street, San Chi Myo Thit Quarter, Dawei Township, Taninthayi Region |
Bago Branch, Bago Region
Bago Regional Ministers’ Office, Taungoo Street, Yone Gyee Quarter, Bago Towinship
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Hpa-An Branch, Kayin State
Kayin State Ministers’ Office, Thu Da Nu Street, Hpa-An Towinship |
Magway Branch, Magway Region
Combined Office, Pyi Taw Thar (1) Street, Pyi Taw Thar Quarter, Magway TowinshipContact: Phone 063 28748, Fax 063 28748 |
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Loikaw Branch, Kayah State
State Government Office, Daw U Khu Quarter, Loikaw.
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Magway Branch, Magway Region
Combined Office, Pyi Taw Thar (1) Street, Pyi Taw Thar Quarter, Magway TowinshipContact: Phone 063 28748, Fax 063 28748
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Myitkyina Branch, Kachin State
Government Office Compound, Yone Gyi Street, Ayar Quarter, Myitkyina Towinship, Kachin State |
Sittwe Branch, Rakhine State
Government Office Compound, May Yu Street, Ball Lone Kwin Quarter, Sittwe Towinship, Rakhine State |
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Hakha Branch, Chin StateCompound Office, Zay Thit Quarter, Hahka Towinship, Chin State
Yangon Branch Office and One Stop Services (OSS) , Yangon Plot No.49, Myay Taing No. 85/KanBae,Sein Lae May Lane,Kabar Aye Road,Yankin Township,Yangon Contact: Phone +95-01-658263 |
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