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ARTICLE · 20 NOVEMBER 1995

Myanmar - Foreign Investment Licence

Mayer Brown
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1. Submitting a Proposal

A promoter must submit a proposal in the prescribed form, enclosing the following documents, to the Foreign Investment Commission:-

(i) Documents in support of the investor's financial credibility (audited final accounts of the most recent year of the person or firm intending to make the investment).

(ii) Bank recommendation regarding business standing.

(iii) Detailed calculation relating to economic justification of the proposed project indicating, inter alia, estimated annual net profit; estimated annual foreign exchange earnings or savings as well as foreign exchange requirements for the operation; recoupment period; prospects of new employment; prospects of increased national income; local and foreign market conditions and distribution.

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