Myanmar fact sheet

Directorate of Investment and Company Administration (DICA)
Union of Myanmar Federation of Chambers of Commerce and Industry
Myanmar Business Network

Myanmar Investment Law (2016)

• Corporate tax exemptions for seven, five or three years depending on the investment's region.
• Long-term lease rights (on land or buildings) for up to an initial 50-year period and two consecutive 10-year extensions.

Special Economic Zones (SEZs)

• Five to seven years' corporate tax holiday, depending on the zones.
• 50 per cent relief on income tax for the second five years.
• Possibility for investors to lease land up to 75 years (50 years plus 25 years' extension).

Myanmar Companies Act (2017)

• Foreign investors can now hold up to 35 per cent of shares in a local company.
• Registration of companies via Myanmar Companies Online (MyCO).

Myanmar Sustainable Development Plan (MSDP)

• Project Bank enables development assistance, budget allocation and private sector participation for strategic infrastructure projects.

World Economic Outlook (October 2021); World Bank; UNESCO Institute of Statistics; International Labour Organization: Global Wage Report 2020–21: Wages and minimum wages in the time of COVID-19; Asian Development Bank; Directorate of Investment and Company Administration (DICA)

This fact sheet is given on a general basis without obligation and is strictly for information only. Nothing in this fact sheet constitutes accounting, legal, regulatory, tax or other advice. This fact sheet is not intended as an offer, recommendation, solicitation, or advice to purchase or sell any investment product, securities or instruments. Although reasonable care has been taken to ensure the accuracy and objectivity of the information contained in this fact sheet, UOB and its employees make no representation or warranty, whether express or implied, as to its accuracy, completeness and objectivity and accept no responsibility or liability for any error, inaccuracy, omission or any consequence or any loss or damage howsoever suffered by any person arising from any reliance on the information in this fact sheet.