Domestic Myanmar Investments

To view to promoting domestic investment of Myanmar citizens and to provide equal treatment as foreign investors by granting them the right to enjoy tax incentives, Myanmar Citizens Investment Law (MCIL) were promulgated on 31st March 1994 and it procedures were prescribed on 3rd August 1994.

The objectives of the said Law are as follows;-

to cause investments of Myanmar citizens to be beneficial to the state;
to promote development of production and services;
to cause production of goods by utilizing the natural resources of the country;
to establish enterprises for import substitution;
to promote and expand export;
to promote development of technology;
to open up more employment opportunities;
to promote development of private and cooperative sectors;
to contribute towards regional development;
to enable extensive participation in the money market.

Since the promulgation of the Myanmar Citizens Investment Law, the domestic Myanmar investment has been increasing yearly. Up to the end of January 2001, a total number of 457 enterprises have been permitted to invest in 10 sectors of the economy. The total investment of such enterprises amounted to K. 698625.05 million.

Majority of the domestic Myanmar investment was made in Real Estate Development. Second largest Myanmar investment was made in small and medium industries, which indicated that a strong base has been established for the development of the industrial sector. Besides, it also supplements and supports the acquirement of technology, employment creation and export expansion of Myanmar.

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