Investment Law of The Republic of The Union of Myanmar (Myanmar Investment Law 2016): Opportunities and Obstacles

บทคัดย่อ

The Republic of the Union of Myanmar has announced a new investment law which is effective from October 18, 2016. This new investment law facilitates the benefit of investors, such as setting the clear lines of Authority of the Myanmar Investment Commission (MIC), configuring more flexible investments, providing additional tax benefits to foreign investors, being flexible on regulation of land lease, etc. In addition, other related laws have been modified such as Myanmar Companies Law 2017 in order to promote the investment environment as well. Also there was the establishment of the Ministry of Investment and Foreign Economic Relations (MIFER) to promote foreign investment and facilitate foreign and domestic investors to be more active. Although the new investment law represents a good opportunity to promote the investment environment in Myanmar, but there are also some observations or obstacles that investors must pay attention, such as law implementation, hiring skilled labor, rental or land price, infrastructure system, energy security and tax rates etc. Therefore, taking jointventure investment, either with Myanmar natural persons, juristic person or state enterprise, or investment risk insurance into consideration should help reduce obstacles or risks in the investment.