[vc_row][vc_column][ultimate_heading main_heading=”INFORMATION ON THE DIRECTORATE OF INVESTMENT AND COMPANY ADMINISTRATION (DICA)” heading_tag=”h3″ alignment=”left”]

[/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

1. as a regulator on investment and companies
2. as a company registrar
3. as an investment promotion agency
4. 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

• 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 Contact: 01 658103
State and regional branch offices
Naypyitaw Branch Office No.32, Nay Pyi Taw. Contact: 067 406124, 067 406166	Taunggyi Branch, Shan State Yone Gyi Street, Thit Taw Ward, Compound of the shan State Government Office, Taunggyi. Contact: 081 2124293, Fax 081 2124974
Mandalay Branch, Mandalay Region Corner of 26 Street & 84 Street, Notth of Zaycho Building, Third Floor, Chanayetharzan Township, Mandalay. Contact: 02 4086661, Fax 02 4086660	Mawlamyaing Branch, Mon State Compound of Mon State Government Office, Yone Gyi Street, Panpatan Ward, Mawlamyaing,Mon State. Contact: 057 2023395, Fax 057 2023385
Pathein Branch, Ayeyarwaddy Region OSS office, Myat Toe Ward, Pathein Contact: 042 29256, 042-29258	Monywa Branch, Sagaing Region Compound Office of District Administration Committee, Yone Gyee Road, Yone Gyee Quarter, Monywa Contact: 071 26274
Dawei Branch, Tanintharyi Region Combined Office, San Chi Quarter, Dawei Towinship Contact: Phone 059 22230, Fax 059 22233	Bago Branch, Bago Region Bago Regional Ministers’ Office, Taungoo Street, Yone Gyee Quarter, Bago Towinship Contact: Phone 052-2201747, Fax  052-2201748
Hpa-An Branch, Kayin State Kayin State Ministers’ Office, Thu Da Nu Street, Hpa-An Towinship Contact: Phone 058 22749, Fax  058 22750	Magway Branch, Magway Region Combined Office, Pyi Taw Thar (1) Street, Pyi Taw Thar Quarter, Magway Towinship Contact: Phone 063 28748, Fax 063 28748
Loikaw Branch, Kayah State Compound Office of District, U Ni Street, Daw U Khu Quarter, Loikaw. Contact: Phone 083 2224184, Fax 083 2224185	Myitkyina Branch, Kachin State Government Office Compound, Yone Gyi Street, Ayar Quarter, Myitkyina Towinship, Kachin State Contact: Phone 074 2524201, Fax 074 2520103
Sittwe Branch, Rakhine State Government Office Compound, May Yu Street, Ball Lone Kwin Quarter, Sittwe Towinship, Rakhine State Contact: Phone 043 2024528, Fax 043 2024529	Hakha Branch, Chin State Compound Office, Zay Thit Quarter, Hahka Towinship, Chin State Contact: Phone,Fax 070 21323
Yangon Branch Office and One Stop Services (OSS)  Branch, Yangon Region Plot No.49, Myay Taing No. 85/KanBae,Sein Lae May Lane,Kabar Aye Road,Yankin Township,Yangon Contact: Phone +95-01-658263, Fax 01 658264

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