On 19 August 2026, the Myanmar Investment Commission (“MIC“) issued Notification No. 5/2026, setting out new Procedures for the Scrutiny of Investment Businesses Undertaken within a Region or State (the “2026 Notification“). The 2026 Notification replaces and repeals the previous Notification No. 26/2021 (the “2021 Notification“), which had governed the same subject matter since June 2021.
Key points investors should note
New defined term – “Applicant.” The 2026 Notification introduces a new defined term, ‘Applicant’ covering an investor, an authorized representative of an investor, or a subsidiary company involved in the investment. By contrast, the 2021 Notification lists these same three categories separately, without using a consolidating defined term.
New chapter on amendment, termination, and suspension of Endorsements. A significant addition is a dedicated chapter empowering Region or State Committees to approve amendments to Endorsement terms directly, except for matters such as employment approvals, tax exemptions or reliefs, extensions of the construction period beyond two occasions, transfers of majority ownership or control, transfers of more than 50% of an investor’s assets, and use of restricted or prohibited raw materials – all of which must still go to the MIC.
Read more about new procudures at DFDL.
