Investment Permit/ Endorsement
Key permit for investment
Investments in Myanmar are subject to obtaining certain approvals and related licenses. Investment permit/ endorsement under Myanmar Investment Law is one of the key permits especially for foreign companies who are restricted from entering into lease agreement for more than a year without an investment permit/ endorsement.
Unsolicited proposal
We also provide services in assisting with preparation for unsolicited proposal to different government departments for private-public partnerships.
- Application to Myanmar Investment Commission
This is for investments of US$ 5 million and more or for those falling in the category that requires investment permit.
- Application to State/ Regional Government
This is for investments below US$ 5 million.
- Unsolicited proposal
Unsolicited proposal has to be started from proposal to relevant government departments to be followed by tender or swiss challenge.
- Consultation for the best strategy
- Preparation of documents (excluding documents to be prepared by separate professionals such as Environmental Impact Assessment, Environmental Management Report, etc.)
- Compilation of documents into a proposal as a whole
- Facilitation with authorities along the process
- Income-tax exemption or relief from 3 to 7 years for investment in promoted areas depending on development status of the project area.
- Exemption or relief from import tax for construction materials or machines/ equipment to be imported during construction period.
- Myanmar Investment Commissions is the regulator of Myanmar Investment Law under which investment permits/ endorsements are issued.
- Other relevant licenses such as construction permit, industrial license, environmetal certificate, fire safety certificate, electricity safety certificate, boiler cerficiate, export/import license, labor registration, foreign expatriate visa/stay renewal, etc. are regulated by respective departments.
- Our experience and expertise in having handled applications across many different industries would be an advantage for investors.
- Documents and progress will be shared and updated on a customized client portal in interactive mode.
- Templates and guidelines will be instantly shared with the client on the client portal after accepting our service proposal.