Foreign Investment Policy and Procedures Foreign Investment Policy and Procedures 1. Foreign Investment Policy Myanmar is striving to improve productivity, increase all round production, develop efficiency in trade and increase its trade volume following the liberalisation of its economy and adoption of a market oriented economic system since late 1988. Activities to induce direct foreign investment are being continued. Myanmar's policy on foreign investment is an important component of the overall restructuring and development policy of the government.
Policy objectives underlying foreign investment are for the promotion and expansion of exports.
The Foreign Investment Law in which a wide spectrum of incentives is provided has been enacted and Procedures Relating to the Law have also been prescribed. A foreign investor who invests and operates under the Foreign Investment Law has the right to enjoy appropriate economic benefits particularly in the form of tax incentives, as well as to repatriate profits and to withdraw the legitimate assets on winding up his business. There is also an unequivocal State guarantee against nationalisation and expropriation. Eligible Economic Activities Economic activities allowed under the Foreign Investment Law and notified by the Foreign Investment Commission cover almost all sectors of the economy. Activities not specified in the notification will be considered upon request.