The Foreign Investment Law

Source: JOIN IEA/IRENA Policy and Measures Database
Last updated: 21 August 2017

The Foreign Investment Law of 2012 provides general incentives that can be used by investorts in renewable energy projects. Key incentives include:

  • 5 year income tax holiday for foreign investors;
  • Income tax relief for up to 50% of the profits for exported goods;
  • Reductions on research and development expenses;
  • Rights to carry forward and loss and offset for three consecutive years;
  • Exemptions or relief of customs duties for import of machinery, equipment, instruments, spare parts, and materials required by the company.

The Law applies to businesses that are approved by notification by the Myanmar Investment Commission.
Foreign investment in the energy sector is permited, among others, for the development of renewable energy sources such as bioenergy [translated as "bio-basic new energy"], and energy efficiency.

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