By the end of March 2020, Myanmar citizens will be allowed to invest more than 20,527 billion kyats

By the end of March 2020, Myanmar citizens will be allowed to invest more than 20,527 billion kyats. Manufacturing; Transportation; According to figures released by the Myanmar Investment Commission, most investments are in hotels, tourism and construction.

A total of 1,700 businesses by Myanmar investors have been allowed to invest in 11 sectors, with a total value of 20527931.15 million kyats (over 20,527 billion kyats).

By sector, Myanmar citizens’ investment in the real estate development sector was 4673.169 billion kyats (89 businesses); In the manufacturing sector, 3,728.552 billion kyats (917 businesses); Ks 3,013.801 billion (52 businesses) in the transportation sector; 2,195.685 billion kyats (191 businesses) in the hotel and tourism sector; In the construction sector, 1,120.068 billion kyats (68 projects).

In the industrial development sector, 899.828 billion kyats (12 projects); 821.129 billion kyats (22 projects) in the energy sector; 370.259 billion kyats (91 projects) in the livestock and fisheries sector; 212.389 billion kyats (72 businesses) in the mining sector; In the agricultural sector, Ks 89.635 billion (18 businesses) and Ks 3,403.410 billion (168 businesses) have been allowed to invest in other sectors.

As of the end of the 2015-2016 fiscal year (end of March 2016), the total investment of Myanmar citizens was over 11624 billion kyats, and around 8709 billion kyats in the four years (48 months) of the current government. Investment from local businesses has grown significantly in the real estate development sector, and since January 2017, it has surpassed the manufacturing sector, which was previously the largest domestic investment sector, to top the list.

Citizen investors have the right to invest in the country. Fill in the application form for the Myanmar Investment Commission to get the benefits. The proposal has to be submitted to the Myanmar Investment Commission in Nay Pyi Taw.

Submission of complete proposals to the Proposal Assessment Team meeting; If the proposal is approved by the scrutiny committee, the proposal will be accepted. Reply to the rejecting bidder; Regarding the received proposal, the Commission Office shall consider the opinion of the relevant Region / State Government; Requesting the opinions of the relevant ministries; If the comments are fulfilled, the Myanmar Investment Commission (MIC) will submit the proposal to the meeting. If the MIC meeting decides to approve, the permit will be issued to the investor.

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