On 21 February 2024, the Myanmar Investment Commission ("MIC") announced that the transition period for data resubmission for companies holding MIC Permits or MIC Endorsements to re-enter investment data via the Myanmar Investment Online ("MyInO") System shall be extended to 30 June 2024.
To initiate the application process on the MyInO System, applicants are required to create an account on the platform. Thereafter, companies holding an MIC permit or endorsement must re-enter all investment-related data prior to the procurement of the relevant permits/endorsements, in compliance with the announcement. Following the data update, applications can then be filed through the MyInO System.
After the transition period, companies may apply online for the appointment of foreign experts and employees. Additionally, MIC has introduced measures to facilitate the submission of several applications related to changes in the number of foreign experts and employees engaged by the companies.
