The Myanmar Investment Commission (, abbreviated MIC) is a government-appointed body formerly under the Ministry of Investment and Foreign Economic Relations that appraises domestic investment proposals in Myanmar (Burma). The Myanmar Investment Commission is now under the Ministry of National Planning, Investment and Foreign Economic Relations. 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. MIC also manages the 1988 Foreign Investment Law. The body was re-established in 2016 as an 11-member committee to scrutinise economic proposals.
History A new set of reforms (2012) drafted for the Myanmar investment law included 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.
In March 2020, Distributed Denial of Secrets published 156 gigabytes of data hacked from the Myanmar Investment Commission. The leak revealed how millions of dollars allegedly flowed from Mytel subscribers to Myanmar military generals, and exposed business dealings of family members of prominent military leaders.
Chairman (2011 - Current) NoNamePositionMinistryterm startterm end1Soe TheinUnion ministerOffice of the President2Win SheinUnion ministerMinistry of Finance and Revenue7 September 201230 March 20163Kyaw WinUnion ministerMinistry of Planning and Finance30 March 201616 June 20184Thaung TunUnion ministerMinistry of Union Government Office Ministry of Investment and Foreign Economic Relations16 June 20181 February 20215Lieutenant General Moe Myint TunCouncil memberState Administration Council4 March 202119 September 20236General Mya Tun OoCouncil Member and Deputy Prime MinisterState Administration Council19 September 2023Incumbent
Organisation The new commission was formed by SAC Chairman Min Aung Hlaing in 2021. Moe Myint Tun (Chairman) - member of SAC Aung Naing Oo (Vice Chairman) - Union minister of Investment and Foreign Economic Relations Khin Maung Yee (Member) - Union minister of Natural Resources and Environmental Conservation Dr Thida Oo (Member) - Attorney General Nyunt Aung (Member) - Deputy minister of Commerce Win Thaw (Member) - Vice chairman of Central Bank Kyaw Min Oo (Member) - Permanent Secretary of Ministry of Agriculture, Livestock and Irrigation Min Htut (Member) - Director General of Internal Revenue Department (Ministry of Planning and Finance) Thant Sin Lwin (Secretary) - Director General of Directorate of Investment & Company Administration (Ministry of Investment and Foreign Economic Relations)
Designation of Development Zone The Myanmar Investment Commission (MIC) designated 3 development zones on 22 February 2017 for purposes of income tax exemption and relief.Yuwadee Thean-ngarm, Nwe Oo and Sher Hann Chua, Tilleke & Gibbins. Doing business in Myanmar: Overview The established zones 1, 2 and 3 refer to the less developed regions, moderate developed regions and developed regions, respectively. The investment in the designated zone 1, which comprises the less developed regions, will receive tax exemption for 7 years. There is a 5 years of tax exemption for the moderated developed regions, and 3 years for the developed regions.Jeong, Y. W. (2017). Securing Land Rights in Myanmar Development Project: Focusing on Foreign Investment and Land System. LHI Journal of Land, Housing, and Urban Affairs, 8(3), 145-159. The classification of zones is defined based on the township administrative division.Myanmar Investment Commission, Notification No.10/2017 on Designation of Development Zone (Unofficial translation) The classification of zone can be updated periodically through MIC notifications. For example, 13 among 45 townships of Yangon region ( Dala, Dawmu, Thongwa, etc.) are designed as moderated developed zone and other townships falls into developed zone. It is notable that the township of Dawei Special Economic Zone, the third established SEZ of Myanmar is designed to zone 1 as the less develop regions.
Zone 1: Less Developed Regions Sr. No.Region/ StateDistrictTownship1Kachin StateMyitkyina District1Chibwe Township2Tsawlaw Township3In-Jangyang Township4Tanai TownshipMoenyin District5Mogaung TownshipBahmo District6Shwegu Township7Momauk Township8Mansi Township9Bahmo TownshipPutao District10Putao Township11Naungmung Township12Machanbaw Township13Sumprabum Township14Kaunglanhpu Township2Kayah StateBawlakhe District1BawlakheTownship2Hpasaung Township3Mese TownshipLoikaw District4Loikaw Township5Demawso Township6Hpruso Township7Shataw Township3Kayin StateHpa-an District1Hpa-an Township2Hlaignbwe Township3Papun Township4Thandaunggyi TownshipKawkareik District5Kawkareik Township6Kyain Seikkyi TownshipMyawady District7Myawady Township4Chin StateFalam District1Falam Township2Tiddim Township3Hton Zan TownshipHaka District4Haka Township5Htan Ta Lang TownshipMindat District6Mindat Township7Matupi Township8Kanpetlet Township9Paletwa Township5Sagaing RegionSagaing District1Myinmu Township2Myaung TownshipShwebo District3Khin-U Township4Wetlet Township5Kanbalu Township6Taze Township7Ye-U Township8Kyunhla Township9Tabayin TownshipMonywa District10Budalin Township11Ayadaw Township12Salingyi Township13Pale Township14Yinmabin Township15Kani Township16Chaung-U TownshipHkamti District17Hkamti Township18Homalin Township19Leshi Township20Lahe Township21Namyung TownshipKatha District22Katha Township23Kawlin Township24Indaw Township25Wuntho Township26Pinlebu Township27Banmouk Township28Tigyain TownshipMawlaik District29Mawlaik Township30Phaungbyin TownshipKale District31Kale Township32Mingin Township33Kalewa TownshipTamu District34Tamu Township6Tanintharyi RegionDawei District1Thayetchaung TownshipMyeik District2Palaw Township3Tanintharyi Township4Khamaukgyi Township7Bago RegionBago District1Shwegyin TownshipThayarwady District2Monyo TownshipTaungoo District3Htantabin Township4Kyaukgyi TownshipPyay District5Paukkaung Township8Magwe RegionMagwe District1Chauk Township2Myothit Township3Natmauk TownshipMinbu District4Sidoktaya TownshipThayet District5Kanma Township6Mindon Township7Sinbaungwe TownshipPakokku District8Myaing Township9Pauk Township10Seikphyu TownshipGangaw District11Gangaw Township12Htilin Township13Saw Township9Mandalay RegionMyingyan District1Myingyan(Myotha)Township2Ngazun Township10Mon StateMawlamyine District1Chaungzon Township2Kyaikmayaw Township11Rakhine StateKyaukphyu District1Kyaukphyu Township2Manaung Township3Rambree Township4Ann TownshipMaungdaw District5Maungdaw TownshipButhidaung District6Buthidaung TownshipSittwe District7Sittwe Township8Ponnagyun Township9Mrauk-U Township10Kyauktaw Township11Minbya Township12Myebon Township13Pauktaw Township14Rathedaung TownshipThandwe District15Thandwe Township16Taunggup Township17Gwa Township12Shan StateTaunggyi District1Hopong Township2Hsi Hseng Township3Pingdaya Township4Ywangan Township5Yatsauk Township6Pinlaung Township7Pekon TownshipLoilem District8Kunhein Township9Kyethi Township10Mong Kung Township11Mong Hsu TownshipLengkhe District12Lengkhe Township13Moh Nai Township14Mawkmai Township15Mong Pan TownshipKengtong District16Mong Hkat Township17Mong Yang Township18Mong La TownshipMong Sat District19Mong Sat Township20Mong Ton Township21Mong Pying TownshipTachileik District22Tachileik TownshipMong Hpyak District23Mong Hpyak Township24Mong Yaung TownshipLashio District26Theinni Township27Mongyai TownshipMuse District28Namkam Township29Kutkai TownshipKyaukme District30Namtu Township31Namhsan Township32Mantone Township33Moemaik Township34Mabein TownshipLaukkai District35Laukkai Township36Konggyan TownshipHopang District37Hopang Township38Mongmao Township39Pangwaing TownshipMetman District40Metman Township41Nahpan Township42Pangsang Township13Ayeyarwady RegionPathein District1Thabaung Township2Ngapudaw Township3Pathein Township (Only Shwetaungyan Town, ChaungThar Town, Ngwesaung Town in Pathein Township)Hinthada District4Myanaung Township5Kyangin Township6Ingabu Township7Lemyethna TownshipLabutta District8Labutta Township9Mawlamyinekyun TownshipPyapon District10Bogale Township
Zone 2: Moderate Developed Regions Sr. No.Region/ StateDistrictTownship1Kachin StateMyitkyina District1Myitkyina Township2Waingmaw TownshipMohnyin District3Mohnyin Township4Hpakant Township2Sagaing RegionSagaing District1Sagaing TownshipShwebo District2Shwebo TownshipMonywa District3Monywa Township3Tanintharyi RegionDawei District1Dawei Township2Yebyu Township3Launglon TownshipMyeik District4Kyunsu Township5Myeik TownshipKawthoung District6Kawthoung Township7Bokpyin Township4Bago RegionThayawady District1Thayawady Township2Minhla Township3Letpadan Township4Okpo Township5Gyobingauk Township6Zigon Township7Nattalin TownshipPyay District8Pyay Township9Padaung Township10Paungde Township11Shwedaung Township12Thegon TownshipTaungoo District13Taungoo Township14Yedashe Township15Oktwin Township16Phyu TownshipBago District17Kyaukdaga Township18Daik-U Township19Nyaunglaybin Township20Bago Township21Kawa Township22Thanatpin Township23Waw Township5Magwe RegionMagwe District1Magwe Township2Yenangyaung Township3Taungdwingyi TownshipMinbu District4Minbu Township5Pwintbyu Township6Salin Township7Ngape TownshipThayet District8Thayet Township9Minhla Township10Aunglan TownshipPakokku District11Pakokku Township12Yesagyo Township6Mandalay RegionMyingyan District1Myingyan Township2Nahtogyi Township3Kyaukpadaung Township4Taungtha TownshipMeiktila District5Mahlaing Township6Thazi TownshipKyaukse District7Kyaukse Township8Tada-U TownshipPyinoolwin District9Pyinoolwin Township10Thabeikkyin Township11Singu Township12Madaya Township13Mogok Township7Mon StateThaton District1Thaton Township2Kyaikhto Township3Paung Township4Bilin TownshipMawlamyine District5Mawlamyine Township6Thanbyuzayat Township7Mudon Township8Ye Township8Yangon RegionYangon(South) District1Kyauktan Township2Dala Township3Seikgyi Kanaungto Township4Kawmu Township5Kayan Township6Kungyangon Township7Thongwa Township8Twante Township9Cocokyun TownshipYangon(North) District10Hlegu Township11Taikgyi Township12Hmawbi TownshipYangon (East) District13Thanlyin Township9Shan StateTaunggyi District1Taunggyi Township2Kalaw Township3Nyaungshwe TownshipLoilen District4Loilen Township5Lai-Hka Township6Nansan TownshipKengtong District7Kengtong TownshipLashio District8Lashio Township9Tangyan TownshipKunlong District10Kunlong TownshipMuse District11Muse TownshipKyaukme District12Kyaukme Township13Hsipaw Township14Naungcho Township10Ayeyarwady RegionPathein District1Pathein Township (except Shwetaungyan Town, ChaungThar Town, Ngwesaung Town in Pathein Township)2Kangyidaung Township3Yegyi Township4Kyaunggone Township5Kyonpyaw TownshipHinthada District6Hinthada Township7Zalun TownshipMa-ubin District8Ma-ubin Township9Pantanaw Township10Nyaungdon Township11Danubyu TownshipMyaungmya District12Myaungmya Township13Einme Township14Wakema TownshipPyapon District15Pyapon Township16Kyaiklat Township17Dedaye Township11Nay Pyi Taw Union TerritoryDekkhina District1Zabuthiri Township2Dekkhinathiri Township3Lewe Township4Pyinmana TownshipOktara District5Oktarathiri Township6Zeyathiri Township7Pobbathiri Township8Tatkon Township
Zone 3: Developed Regions