Comments invited on new investment law

The public is invited to offer input on a draft of the revised Myanmar Investment Law, which has been uploaded to the Directorate of Investment and Company Administration (DICA) website.

DICA is updating the current law with the assistance of the International Finance Corporation. The draft has been written in English for international readers, and a Myanmar version will soon be available.

The draft incorporates the Myanmar Citizen Investment and Foreign Investment laws into one. Interested parties can get more information on the DICA website at www.dica.gov.mm.x-aas.net/ and can submit comments and suggestions no later than March 16 by e-mail to policylegal.dica@gmail.com.

Meanwhile, the Myanmar Companies Act has been under revision since October 2012 with the assistance of the Asia Development Bank. The Act was introduced in 1914.