Myanmar Investment Commission (MIC)
မြန်မာနိုင်ငံ ရင်းနှီးမြှုပ်နှံမှု ကော်မရှင်
Agency overview
FormedApril 1994 (1994-04)
JurisdictionMyanmar (Burma)
HeadquartersNo.1, Thitsar Road, Yankin Township, Yangon[1]
Agency executives
Parent AgencyMinistry of Investment and Foreign Economic Relations
Websitewww.dica.gov.mm

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.

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 2013 2016
3 Kyaw Win[4] Union minister Ministry of Planning and Finance 2016 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 Incumbent

Organisation

The new commission was formed by SAC Chairman Min Aung Hlaing in 2021.

  1. Moe Myint Tun (Chairman) - member of SAC
  2. Aung Naing Oo (Vice Chairman) - Union minister of Investment and Foreign Economic Relations
  3. Khin Maung Yee (Member) - Union minister of Natural Resources and Environmental Conservation
  4. Dr Thida Oo (Member) - Attorney General
  5. Nyunt Aung (Member) - Deputy minister of Commerce
  6. Win Thaw (Member) - Vive chairman of Central Bank
  7. Kyaw Min Oo (Member) - Permanent Secretary of Ministry of Agriculture, Livestock and Irrigation
  8. Min Htut (Member) - Director General of Internal Revenue Department (Ministry of Planning and Finance)
  9. Thant Sin Lwin (Secretary) - Director General of Directorate of Investment & Company Administration (Ministry of Investment and Foreign Economic Relations)

[5]

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

  1. ^ "မြန်မာနိုင်ငံရင်းနှီးမြှုပ်နှံမှုကော်မရှင်". ရင်းနှီးမြုပ်နှံမှုနှင့် ကုမ္ပဏီများညွှန်ကြားမှုဦးစီးဌာန.
  2. ^ a b Kudo, Toshihiro; Mieno Fumiharu (August 2007). "Toshihiro" (PDF). Institute of Developing Economies: 15. ((cite journal)): Cite journal requires |journal= (help)[permanent dead link]
  3. ^ Mya Than; Carolyn Gates (2001). ASEAN enlargement: impacts and implications. Institute of Southeast Asian Studies. p. 265. ISBN 9789812300812.
  4. ^ "မြန်မာနိုင်ငံရင်းနှီးမြှုပ်နှံမှုကော်မရှင်ဥက္ကဌ၊ စီမံကိန်းနှင့် ဘဏ္ဍာရေးဝန်ကြီးဌာနပြည်ထောင်စုဝန်ကြီးဦးကျော်ဝင်းနှင့် မြန်မာနိုင်ငံရှိ နိုင်ငံခြားစီးပွားရေးလုပ်ငန်းရှင်များနှင့်စီးပွားရေးအဖွဲ့အစည်းများနှင့် တွေ့ဆုံခြင်း".
  5. ^ "MIC" (PDF). DICA.
  6. ^ Yuwadee Thean-ngarm, Nwe Oo and Sher Hann Chua, Tilleke & Gibbins. Doing business in Myanmar: Overview
  7. ^ 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.
  8. ^ 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: [1]