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Investment in Myanmar Properties and Promote Foreign Properties in Myanmar
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Rent Lease Own Myanmar Property Land Factory Office Condominium


• Myanmar Office Management • Rent Lease Invest • Condominium Office Space Factory Land


We assist our Clients to find commercial office space, industrial estate & residential accommodations for staffs on rent / long-term lease. In the field of marketing and distribution, we provide assistance in Product Registration, Channel Partner & Distributor selection, and management support in Myanmar. Our Office Management Services (OMS) includes:

  • Renting of office premises

  • Furnishing

  • Installing phone, fax & internet

  • Providing secretarial, administrative staffs

  • Managing the office on-behalf of our Clients.


We provide services across many industries in Myanmar. Our business consulting services in Myanmar cover Market Research and Due Diligence, Technical Feasibility, IEE-EIA-SIA, MIC Permit, Myanmar Company Registration, Liaison with Government Ministries and Departments, Localization of Business, Local-content Management, Human Resource (HR) Management, Recruitment & Training, CSR Consulting & reputation Management, Business Development & Representation, Engineering and Project Management Support Services.

 
• Rent, Lease, Buy and Invest in Myanmar • Right To Use Land under Myanmar Foreign Investment Law


Myanmar Foreign Investment Law (FIL) gives special privileges to foreign investors in Myanmar. According to the Myanmar Foreign Investment Law, foreign investors in Myanmar can have the right to rent / lease property for long term and use land, office space, condominium in Myanmar as follows:


o The Myanmar Investment Commission (MIC) may allow the investor actually required period of the right to lease or use land in Myanmar up to initial 50 years depending upon the category of the business, industry and the volume of investment.
o The MIC may extend the period of consecutive 10 years and for further 10 years after the expiry of such period to the investor.
o The investor has the right to carry out, in performing the contract system of agriculture and breeding business in farms, only by joint venture system with citizen investors which are allowed to carry out by the citizens.
o The MIC shall stipulate the business which performs within 10 miles from the border line as prior to the citizens.
o The MIC may stipulate the rate of lease land, owned by Government or department, with the prior approval of the Union Government of Myanmar.
o For the purpose of the development of the rural area of Myanmar, the Myanmar Investment Commission (MIC) may stipulate the period of the lease land according to the laws of Myanmar.


According to the Myanmar Government Notification No 3/90 of year 1990, there are four types of land in Yangon and the annual land lease rate (range) for one square meter is as follows:



Prime Land Downtown Suburb Other
For Residential Use US$ 7- 35 US$ 5-30 US$2-20 US$ 1-8
For Commercial Use US$ 10-50 US$ 6.5-40 US$ 6.5-40 US$ 1-6
For Industrial Use Not allowed Not allowed US$ 2-20 US$ 1-6


Actual land lease rate will be negotiable price between both parties within above range for the government owned land. There is no notification for other area except Yangon. Land lease rate shall be negotiable between lesser and lessee for the private owned land (granted land). If the rate is reasonable, Myanmar Investment Commission (MIC) shall accept the rate agreed between lesser and lessee. MIC has program to announce rate of all over Myanmar for government and private lands.


The laws and practices governing business and investments are undergoing changes. In this website information about laws, business and investment in Myanmar is provided for general information and these details may not be accurate, up to date and is always subject to change; and we are not liable for correctness or accuracy in this connection. All information provided in our websites needs to be verified before any reference and use.


MiTA Myanmar Team

In Myanmar, we have a Panel of Advisors and Senior Myanmar Consultants who retired from various Myanmar Government Ministries / Departments / Enterprises. MiTA Myanmar Team consists of professionally qualified and highly experienced personnel with international experience.


For details of our services please visit Services page.

MiTA Myanmar Investment Conferences & Exhibitions

 

Corporate Social Responsibilities

MiTA Services is committed to Green Environment, Sustainable Development and Value Creation for the Ecological Society where man coexists with nature. MiTA Services commits to use minimal papers in office work to save the trees and encourages everybody using electronic media as much as feasible. MiTA's research, engineering design and management practice will follow green business philosophy.