THE FOREIGN INVESTMENT LAW

The Foreign Investment Law

( The Pyidaungsu Hluttaw Law No. 21 / 2012 )
The 3s Waning of Thadingyut. 1374 M.E.
( 2nd November, 2012 )

The Pyidaungsu Huttaw hereby enacts this Law.

Chapter 1
Title and Definition

1. This Law shall be called the Foreign Investment Law.

2. The following expressions contained in this Law shall have the meanings given hereunder:

    (a) Union means the Republic of the Union of Myanmar;

    (b) Corn mission means the Myanmar Investment Commission formed under this Law:

    (e) Union Government means the Union Government of the Republic of the Union of Myatunar;

    (d) Citizen includes an associate citizen or a naturalized citizen. In this expression, the economic organization formed with only citizens shall also be included according to this Law;

    (e) Foreigner means a person who is not a citizen. In this expression, the economic organization formed with foreigners shall also be included according to this Law;

    (f) Promoter means any citizen or any foreigner submitting a proposal relating to an investment to the Commission;

    (g) Proposal means the stipulated application submitted by a promoter to the Commission for approval of an intended investment accompanied by draft contract, financial documents and company documents;

    (h) Permit means the order in which the approval of the Commission relating to the proposal is expressed;