Myanmar Investment Commission
The Myanmar Investment Commission (Burmese: မြန်မာနိုင်ငံ ရင်းနှီးမြှုပ်နှံမှု ကော်မရှင်, abbreviated MIC) is a government-appointed body under the Ministry of Investment and Foreign Economic Relations that appraises domestic investment proposals in Myanmar (Burma). MIC was formed in April 1994, after the State Law and Order Restoration Council issued the Myanmar Citizens Investment Law.[2] In 2000, MIC underwent organisational changes to reduce the number of committee members to four and also .[2] MIC also manages the 1988 Foreign Investment Law.[3] The body was re-established in 2016 as an 11-member committee to scrutinise economic proposals.
| မြန်မာနိုင်ငံ ရင်းနှီးမြှုပ်နှံမှု ကော်မရှင် | |
| Agency overview | |
|---|---|
| Formed | April 1994 |
| Jurisdiction | Myanmar (Burma) |
| Headquarters | No.1, Thitsar Road, Yankin Township, Yangon[1] |
| Agency executives |
|
| Parent Agency | Ministry of Investment and Foreign Economic Relations |
| Website | www.dica.gov.mm |
A new set of reforms (2012) drafted for the Myanmar investment law includes a proposal to transform the Myanmar Investment Commission from a government-appointed body into an independent board. This could bring greater transparency to the process of issuing investment licenses, according to the proposed reforms drafted by experts and senior officials. The current key positions, however, are still held by senior government officials, including ministers and their deputies.
Chairman (2011 - Current)
| No | Name | Position | Ministry | term start | term end |
| 1 | Soe Thein | Union minister | Office of the President | ||
| 2 | Win Shein | Union minister | Ministry of Finance and Revenue | 7 September 2012 | 30 March 2016 |
| 3 | Kyaw Win[4] | Union minister | Ministry of Planning and Finance | 30 March 2016 | 16 June 2018 |
| 4 | Thaung Tun | Union minister | 16 June 2018 | 1 February 2021 | |
| 5 | Lieutenant General Moe Myint Tun | Council member | State Administration Council | 4 March 2021 | 19 September 2023 |
| 6 | General Mya Tun Oo | Council Member and Deputy Prime Minister | State Administration Council | 19 September 2023 | Incumbent |
Organisation
The new commission was formed by SAC Chairman Min Aung Hlaing in 2021.
- Moe Myint Tun (Chairman) - member of SAC
- Aung Naing Oo (Vice Chairman) - Union minister of Investment and Foreign Economic Relations
- Khin Maung Yee (Member) - Union minister of Natural Resources and Environmental Conservation
- Dr Thida Oo (Member) - Attorney General
- Nyunt Aung (Member) - Deputy minister of Commerce
- Win Thaw (Member) - Vive chairman of Central Bank
- Kyaw Min Oo (Member) - Permanent Secretary of Ministry of Agriculture, Livestock and Irrigation
- Min Htut (Member) - Director General of Internal Revenue Department (Ministry of Planning and Finance)
- Thant Sin Lwin (Secretary) - Director General of Directorate of Investment & Company Administration (Ministry of Investment and Foreign Economic Relations)
Designation of Development Zone
The Myanmar Investment Commission (MIC) designated 3 development zones on 22 February 2017 in purposes of income tax exemption and relief.[6] The established zone 1, 2 and 3 refers to the less developed regions, moderate developed regions and developed regions, respectively. The investment in the designed zone 1 ,which is the less developed regions, will receive tax exemption for 7 years. There is a 5 years of tax exemption for the moderated developed regions, and 3 years for the developed regions.[7] The classification of zones are defined based on the township administrative division.[8] The classification of zone can be updated periodically based on the notification from the MIC. For example, 13 among 45 townships of Yangon region ( Dala, Dawmu, Thongwa, etc.) are designed as moderated developed zone and other townships falls into developed zone. It is notable that the township of Dawei Special Economic Zone, the third established SEZ of Myanmar is designed to zone 1 as the less develop regions.
Zone 1: Less Developed Regions
| Sr. No. | Region/ State | District | Township | ||
| 1 | Kachin State | Myitkyina District | 1 | Chibwe Township | |
| 2 | Tsawlaw Township | ||||
| 3 | In-Jangyang Township | ||||
| 4 | Tanai Township | ||||
| Moenyin District | 5 | Mogaung Township | |||
| Bahmo District | 6 | Shwegu Township | |||
| 7 | Momauk Township | ||||
| 8 | Mansi Township | ||||
| 9 | Bahmo Township | ||||
| Putao District | 10 | Putao Township | |||
| 11 | Naungmung Township | ||||
| 12 | Machanbaw Township | ||||
| 13 | Sumprabum Township | ||||
| 14 | Kaunglanhpu Township | ||||
| 2 | Kayah State | Bawlakhe District | 1 | BawlakheTownship | |
| 2 | Hpasaung Township | ||||
| 3 | Mese Township | ||||
| Loikaw District | 4 | Loikaw Township | |||
| 5 | Demawso Township | ||||
| 6 | Hpruso Township | ||||
| 7 | Shataw Township | ||||
| 3 | Kayin State | Hpa-an District | 1 | Hpa-an Township | |
| 2 | Hlaignbwe Township | ||||
| 3 | Papun Township | ||||
| 4 | Thandaunggyi Township | ||||
| Kawkareik District | 5 | Kawkareik Township | |||
| 6 | Kyain Seikkyi Township | ||||
| Myawady District | 7 | Myawady Township | |||
| 4 | Chin State | Falam District | 1 | Falam Township | |
| 2 | Tiddim Township | ||||
| 3 | Hton Zan Township | ||||
| Haka District | 4 | Haka Township | |||
| 5 | Htan Ta Lang Township | ||||
| Mindat District | 6 | Mindat Township | |||
| 7 | Matupi Township | ||||
| 8 | Kanpetlet Township | ||||
| 9 | Paletwa Township | ||||
| 5 | Sagaing Region | Sagaing District | 1 | Myinmu Township | |
| 2 | Myaung Township | ||||
| Shwebo District | 3 | Khin-U Township | |||
| 4 | Wetlet Township | ||||
| 5 | Kanbalu Township | ||||
| 6 | Taze Township | ||||
| 7 | Ye-U Township | ||||
| 8 | Kyunhla Township | ||||
| 9 | Tabayin Township | ||||
| Monywa District | 10 | Budalin Township | |||
| 11 | Ayadaw Township | ||||
| 12 | Salingyi Township | ||||
| 13 | Pale Township | ||||
| 14 | Yinmabin Township | ||||
| 15 | Kani Township | ||||
| 16 | Chaung-U Township | ||||
| Hkamti District | 17 | Hkamti Township | |||
| 18 | Homalin Township | ||||
| 19 | Leshi Township | ||||
| 20 | Lahe Township | ||||
| 21 | Namyung Township | ||||
| Katha District | 22 | Katha Township | |||
| 23 | Kawlin Township | ||||
| 24 | Indaw Township | ||||
| 25 | Wuntho Township | ||||
| 26 | Pinlebu Township | ||||
| 27 | Banmouk Township | ||||
| 28 | Tigyain Township | ||||
| Mawlaik District | 29 | Mawlaik Township | |||
| 30 | Phaungbyin Township | ||||
| Kale District | 31 | Kale Township | |||
| 32 | Mingin Township | ||||
| 33 | Kalewa Township | ||||
| Tamu District | 34 | Tamu Township | |||
| 6 | Tanintharyi Region | Dawei District | 1 | Thayetchaung Township | |
| Myeik District | 2 | Palaw Township | |||
| 3 | Tanintharyi Township | ||||
| 4 | Khamaukgyi Township | ||||
| 7 | Bago Region | Bago District | 1 | Shwegyin Township | |
| Thayarwady District | 2 | Monyo Township | |||
| Taungoo District | 3 | Htantabin Township | |||
| 4 | Kyaukgyi Township | ||||
| Pyay District | 5 | Paukkaung Township | |||
| 8 | Magwe Region | Magwe District | 1 | Chauk Township | |
| 2 | Myothit Township | ||||
| 3 | Natmauk Township | ||||
| Minbu District | 4 | Sidoktaya Township | |||
| Thayet District | 5 | Kanma Township | |||
| 6 | Mindon Township | ||||
| 7 | Sinbaungwe Township | ||||
| Pakokku District | 8 | Myaing Township | |||
| 9 | Pauk Township | ||||
| 10 | Seikphyu Township | ||||
| Gangaw District | 11 | Gangaw Township | |||
| 12 | Htilin Township | ||||
| 13 | Saw Township | ||||
| 9 | Mandalay Region | Myingyan District | 1 | Myingyan(Myotha)Township | |
| 2 | Ngazun Township | ||||
| 10 | Mon State | Mawlamyine District | 1 | Chaungzon Township | |
| 2 | Kyaikmayaw Township | ||||
| 11 | Rakhine State | Kyaukphyu District | 1 | Kyaukphyu Township | |
| 2 | Manaung Township | ||||
| 3 | Rambree Township | ||||
| 4 | Ann Township | ||||
| Maungdaw District | 5 | Maungdaw Township | |||
| Buthidaung District | 6 | Buthidaung Township | |||
| Sittwe District | 7 | Sittwe Township | |||
| 8 | Ponnagyun Township | ||||
| 9 | Mrauk-U Township | ||||
| 10 | Kyauktaw Township | ||||
| 11 | Minbya Township | ||||
| 12 | Myebon Township | ||||
| 13 | Pauktaw Township | ||||
| 14 | Rathedaung Township | ||||
| Thandwe District | 15 | Thandwe Township | |||
| 16 | Taunggup Township | ||||
| 17 | Gwa Township | ||||
| 12 | Shan State | Taunggyi District | 1 | Hopong Township | |
| 2 | Hsi Hseng Township | ||||
| 3 | Pingdaya Township | ||||
| 4 | Ywangan Township | ||||
| 5 | Yatsauk Township | ||||
| 6 | Pinlaung Township | ||||
| 7 | Pekon Township | ||||
| Loilem District | 8 | Kunhein Township | |||
| 9 | Kyethi Township | ||||
| 10 | Mong Kung Township | ||||
| 11 | Mong Hsu Township | ||||
| Lengkhe District | 12 | Lengkhe Township | |||
| 13 | Moh Nai Township | ||||
| 14 | Mawkmai Township | ||||
| 15 | Mong Pan Township | ||||
| Kengtong District | 16 | Mong Hkat Township | |||
| 17 | Mong Yang Township | ||||
| 18 | Mong La Township | ||||
| Mong Sat District | 19 | Mong Sat Township | |||
| 20 | Mong Ton Township | ||||
| 21 | Mong Pying Township | ||||
| Tachileik District | 22 | Tachileik Township | |||
| Mong Hpyak District | 23 | Mong Hpyak Township | |||
| 24 | Mong Yaung Township | ||||
| Lashio District | 26 | Theinni Township | |||
| 27 | Mongyai Township | ||||
| Muse District | 28 | Namkam Township | |||
| 29 | Kutkai Township | ||||
| Kyaukme District | 30 | Namtu Township | |||
| 31 | Namhsan Township | ||||
| 32 | Mantone Township | ||||
| 33 | Moemaik Township | ||||
| 34 | Mabein Township | ||||
| Laukkai District | 35 | Laukkai Township | |||
| 36 | Konggyan Township | ||||
| Hopang District | 37 | Hopang Township | |||
| 38 | Mongmao Township | ||||
| 39 | Pangwaing Township | ||||
| Metman District | 40 | Metman Township | |||
| 41 | Nahpan Township | ||||
| 42 | Pangsang Township | ||||
| 13 | Ayeyarwady Region | Pathein District | 1 | Thabaung Township | |
| 2 | Ngapudaw Township | ||||
| 3 | Pathein Township (Only Shwetaungyan Town, ChaungThar Town, Ngwesaung Town in Pathein Township) | ||||
| Hinthada District | 4 | Myanaung Township | |||
| 5 | Kyangin Township | ||||
| 6 | Ingabu Township | ||||
| 7 | Lemyethna Township | ||||
| Labutta District | 8 | Labutta Township | |||
| 9 | Mawlamyinekyun Township | ||||
| Pyapon District | 10 | Bogale Township | |||
Zone 2: Moderate Developed Regions
| Sr. No. | Region/ State | District | Township | |
| 1 | Kachin State | Myitkyina District | 1 | Myitkyina Township |
| 2 | Waingmaw Township | |||
| Mohnyin District | 3 | Mohnyin Township | ||
| 4 | Hpakant Township | |||
| 2 | Sagaing Region | Sagaing District | 1 | Sagaing Township |
| Shwebo District | 2 | Shwebo Township | ||
| Monywa District | 3 | Monywa Township | ||
| 3 | Tanintharyi Region | Dawei District | 1 | Dawei Township |
| 2 | Yebyu Township | |||
| 3 | Launglon Township | |||
| Myeik District | 4 | Kyunsu Township | ||
| 5 | Myeik Township | |||
| Kawthoung District | 6 | Kawthoung Township | ||
| 7 | Bokpyin Township | |||
| 4 | Bago Region | Thayawady District | 1 | Thayawady Township |
| 2 | Minhla Township | |||
| 3 | Letpadan Township | |||
| 4 | Okpo Township | |||
| 5 | Gyobingauk Township | |||
| 6 | Zigon Township | |||
| 7 | Nattalin Township | |||
| Pyay District | 8 | Pyay Township | ||
| 9 | Padaung Township | |||
| 10 | Paungde Township | |||
| 11 | Shwedaung Township | |||
| 12 | Thegon Township | |||
| Taungoo District | 13 | Taungoo Township | ||
| 14 | Yedashe Township | |||
| 15 | Oktwin Township | |||
| 16 | Phyu Township | |||
| Bago District | 17 | Kyaukdaga Township | ||
| 18 | Daik-U Township | |||
| 19 | Nyaunglaybin Township | |||
| 20 | Bago Township | |||
| 21 | Kawa Township | |||
| 22 | Thanatpin Township | |||
| 23 | Waw Township | |||
| 5 | Magwe Region | Magwe District | 1 | Magwe Township |
| 2 | Yenangyaung Township | |||
| 3 | Taungdwingyi Township | |||
| Minbu District | 4 | Minbu Township | ||
| 5 | Pwintbyu Township | |||
| 6 | Salin Township | |||
| 7 | Ngape Township | |||
| Thayet District | 8 | Thayet Township | ||
| 9 | Minhla Township | |||
| 10 | Aunglan Township | |||
| Pakokku District | 11 | Pakokku Township | ||
| 12 | Yesagyo Township | |||
| 6 | Mandalay Region | Myingyan District | 1 | Myingyan Township |
| 2 | Nahtogyi Township | |||
| 3 | Kyaukpadaung Township | |||
| 4 | Taungtha Township | |||
| Meiktila District | 5 | Mahlaing Township | ||
| 6 | Thazi Township | |||
| Kyaukse District | 7 | Kyaukse Township | ||
| 8 | Tada-U Township | |||
| Pyinoolwin District | 9 | Pyinoolwin Township | ||
| 10 | Thabeikkyin Township | |||
| 11 | Singu Township | |||
| 12 | Madaya Township | |||
| 13 | Mogok Township | |||
| 7 | Mon State | Thaton District | 1 | Thaton Township |
| 2 | Kyaikhto Township | |||
| 3 | Paung Township | |||
| 4 | Bilin Township | |||
| Mawlamyine District | 5 | Mawlamyine Township | ||
| 6 | Thanbyuzayat Township | |||
| 7 | Mudon Township | |||
| 8 | Ye Township | |||
| 8 | Yangon Region | Yangon(South)
District |
1 | Kyauktan Township |
| 2 | Dala Township | |||
| 3 | Seikgyi Kanaungto Township | |||
| 4 | Kawmu Township | |||
| 5 | Kayan Township | |||
| 6 | Kungyangon Township | |||
| 7 | Thongwa Township | |||
| 8 | Twante Township | |||
| 9 | Cocokyun Township | |||
| Yangon(North) District | 10 | Hlegu Township | ||
| 11 | Taikgyi Township | |||
| 12 | Hmawbi Township | |||
| Yangon (East) District | 13 | Thanlyin Township | ||
| 9 | Shan State | Taunggyi District | 1 | Taunggyi Township |
| 2 | Kalaw Township | |||
| 3 | Nyaungshwe Township | |||
| Loilen District | 4 | Loilen Township | ||
| 5 | Lai-Hka Township | |||
| 6 | Nansan Township | |||
| Kengtong District | 7 | Kengtong Township | ||
| Lashio District | 8 | Lashio Township | ||
| 9 | Tangyan Township | |||
| Kunlong District | 10 | Kunlong Township | ||
| Muse District | 11 | Muse Township | ||
| Kyaukme District | 12 | Kyaukme Township | ||
| 13 | Hsipaw Township | |||
| 14 | Naungcho Township | |||
| 10 | Ayeyarwady Region | Pathein District | 1 | Pathein Township (except Shwetaungyan Town, ChaungThar Town, Ngwesaung Town in Pathein Township) |
| 2 | Kangyidaung Township | |||
| 3 | Yegyi Township | |||
| 4 | Kyaunggone Township | |||
| 5 | Kyonpyaw Township | |||
| Hinthada District | 6 | Hinthada Township | ||
| 7 | Zalun Township | |||
| Ma-ubin District | 8 | Ma-ubin Township | ||
| 9 | Pantanaw Township | |||
| 10 | Nyaungdon Township | |||
| 11 | Danubyu Township | |||
| Myaungmya District | 12 | Myaungmya Township | ||
| 13 | Einme Township | |||
| 14 | Wakema Township | |||
| Pyapon District | 15 | Pyapon Township | ||
| 16 | Kyaiklat Township | |||
| 17 | Dedaye Township | |||
| 11 | Nay Pyi Taw
Union Territory |
Dekkhina District | 1 | Zabuthiri Township |
| 2 | Dekkhinathiri Township | |||
| 3 | Lewe Township | |||
| 4 | Pyinmana Township | |||
| Oktara District | 5 | Oktarathiri Township | ||
| 6 | Zeyathiri Township | |||
| 7 | Pobbathiri Township | |||
| 8 | Tatkon Township | |||
Zone 3: Developed Regions
| Sr. No. | Region/ State | District | Township | |
| 1 | Mandalay Region | Mandalay District | 1 | Aungmyaythazan Township |
| 2 | Chanayetharzan Township | |||
| 3 | Mahaaungmye Township | |||
| 4 | Chanmyatharzi Township | |||
| 5 | Pyigyidagon Township | |||
| 6 | Amarapura Township | |||
| 7 | Patheingyi Township | |||
| Kyaukse District | 8 | Myittha Township | ||
| 9 | Singaing Township | |||
| Meikhtila District | 10 | Meikhtila Township | ||
| 11 | Wundwin Township | |||
| Nyaung-U District | 12 | Nyaung-U Township | ||
| Yamethin District | 13 | Yamethin Township | ||
| 14 | Pyawbwe Township | |||
| 2 | Yangon Region | Yangon (East) District | 1 | Botataung Township |
| 2 | North Okkalapa Township | |||
| 3 | Pazundaung Township | |||
| 4 | South Okkalapa Township | |||
| 5 | Thingangyun Township | |||
| 6 | Yankin Township | |||
| 7 | Dawbon Township | |||
| 8 | Mingalar Taungnyunt Township | |||
| 9 | Tamwe Township | |||
| 10 | Thaketa Township | |||
| 11 | East Dagon Township | |||
| 12 | North Dagon Township | |||
| 13 | Dagon Seikkan Township | |||
| 14 | Mingaladon Township | |||
| 15 | Shwepyitha Township | |||
| 16 | Hlaingthaya Township | |||
| 17 | South Dagon Township | |||
| Yangon(North) District | 18 | Insein Township | ||
| 19 | Htantabin Township | |||
| Yangon(West) District | 20 | Hlaing Township | ||
| 21 | Kamayut Township | |||
| 22 | Mayangon Township | |||
| 23 | Ahlon Township | |||
| 24 | Bahan Township | |||
| 25 | Dagon Township | |||
| 26 | Kyauktada Township | |||
| 27 | Kyimyindaing Township | |||
| 28 | Lanmadaw Township | |||
| 29 | Latha Township | |||
| 30 | Pabedan Township | |||
| 31 | Sanchaung Township | |||
| 32 | Seikkan Township | |||
References
- "မြန်မာနိုင်ငံရင်းနှီးမြှုပ်နှံမှုကော်မရှင်". ရင်းနှီးမြုပ်နှံမှုနှင့် ကုမ္ပဏီများညွှန်ကြားမှုဦးစီးဌာန.
- Kudo, Toshihiro; Mieno Fumiharu (August 2007). "Toshihiro" (PDF). Institute of Developing Economies: 15.
{{cite journal}}: Cite journal requires|journal=(help) - Mya Than; Carolyn Gates (2001). ASEAN enlargement: impacts and implications. Institute of Southeast Asian Studies. p. 265. ISBN 9789812300812.
- "မြန်မာနိုင်ငံရင်းနှီးမြှုပ်နှံမှုကော်မရှင်ဥက္ကဌ၊ စီမံကိန်းနှင့် ဘဏ္ဍာရေးဝန်ကြီးဌာနပြည်ထောင်စုဝန်ကြီးဦးကျော်ဝင်းနှင့် မြန်မာနိုင်ငံရှိ နိုင်ငံခြားစီးပွားရေးလုပ်ငန်းရှင်များနှင့်စီးပွားရေးအဖွဲ့အစည်းများနှင့် တွေ့ဆုံခြင်း".
- "MIC" (PDF). DICA.
- Yuwadee Thean-ngarm, Nwe Oo and Sher Hann Chua, Tilleke & Gibbins. Doing business in Myanmar: Overview
- Jeong, Y. W. (2017). Securing Land Rights in Myanmar Development Project: Focusing on Foreign Investment and Land System. LHI Journal of Land, Housing, and Urban Affairs, 8(3), 145-159.
- Myanmar Investment Commission, Notification No.10/2017 on Designation of Development Zone (Unofficial translation)
4.Taipei American Chamber of Commerce; Topics Magazine, Analysis, November 2012. "Myanmar: Southeast Asia's Last Frontier for Investment:
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