Clifford Chance

Myanmar: Foreign investment rules in practice

27 March 2013

The Myanmar Government has implemented the country’s 2012 Foreign Investment Law (“FIL”) with two Notifications (together referred to here as “the Rules”), creating a practical framework to match the Government’s policy of welcoming foreign investment. In general, Notification 1/2013 sets out the permitted activities for foreign investors and the activities which require a joint venture (“JV”), and Notification 11/2013 introduces various helpful regulations on applying for an investment license (“MIC Permit”), the use of land, transfer of shares, remittance of foreign exchange and the taking of security on land and buildings.

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