27 Jan 2017
MYANMAR: Guidelines on Compulsory FDI Permit Requirements Released
Clarification has now been issued as to which FDI projects will require prior approval from the Myanmar Investment Commission (MIC). As of April 1, any project requiring investment of more than US$100 million, extending beyond 100 acres of land or necessitating the relocation of more than 100 people, will be obliged to secure an official permit.
Regardless of budget, projects related to the agricultural, media or energy infrastructure sectors will also require such an MIC permit. The same constraint also applies to any project involving investment in excess of US$10 million in a region with international borders or in a conflict zone.
The MIC has also indicated that certain projects will be regarded as restricted investments. These will either be banned completely or require the participation of either the Myanmar government or a local company. Projects likely to fall into this category include those seen as having a significant impact on the environment or the local community, as well as requiring land seizure by the state or relocation of more than 100 members of the local population.