Myanmar Investment Commission
| မြန်မာနိုင်ငံ ရင်းနှီးမြှုပ်နှံမှု ကော်မရှင် | |
| Agency overview | |
|---|---|
| Formed | April 1994 |
| Jurisdiction | Myanmar (Burma) |
| Headquarters | Naypyidaw |
| Agency executives |
|
| Parent Agency | Ministry of Planning and Finance |
| Website | www.dica.gov.mm |
The Myanmar Investment Commission (Burmese: မြန်မာနိုင်ငံ ရင်းနှီးမြှုပ်နှံမှု ကော်မရှင်, abbreviated MIC) is a government-appointed body under the Ministry of Planning and Finance 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. In 2000, MIC underwent organisational changes to reduce the number of committee members to four and also . MIC also manages the 1988 Foreign Investment Law. 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.
As of 8 June 2016, MIC's members are:
4.Taipei American Chamber of Commerce; Topics Magazine, Analysis, November 2012. "Myanmar: Southeast Asia's Last Frontier for Investment: [1]
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