We would like to open the window of opportunity for you to invest in the Mergui Archipelago. Mergui Archipelago is a vast land and sea area of Southern most part of Myanmar. Covering 16,736 square mile ( 42844.16 sq.km ) , Mergui Archipelago and Teninssarm has high mountain ranges in the east mostly covered with dense rain forest. Generally, the mountain range maintains 3000ft height and the highest peak "Myinmo Let Khat" is 6801 ft. Tapering plains can be see along the coastline.
Mergui Archipelago has tropical monsoon and being nearest to the equator the whole Myanmar, it is very warm the whole year.
Rubber Map Palam Oil Map Turbine Map
According Myanmar Investment Law
The Salient Points of the Myanmar Foreign Investment Law are as follows:-
The Union of Myanmar Foreign Investment Law was promulgated on 30th November 1988, as The State Law and Order Restoration Council Law No. 10 / 88, in order to promote all round development of national economy.
- promotion and expansion of exports;
- exploitation of natural resources which require heavy investment;
- acquisition of high technology;
- supporting and assisting production and services involving large capital;
- opening of more employment opportunities;
- development of works which would save energy consumption;
- regional development.
Applicable Economic Activities
This Law applies to economic activities prescribed by the Union of Myanmar Foreign Investment Commission from time to time with the prior approval of the Government.
Form of Organization
Form of investment may be made in any of the followings :-
(a) investment made by a foreigner to the extent of one hundred percent of foreign capital;
(b) joint-venture made between a foreigner and a Myanmar citizen.
In order to make an investment, it could be :-
(i) a sole proprietorship, a partnership and a limited company may be formed;
(ii) if a joint-venture is formed, the foreign capital shall be at least 35 percent of the total capital.
Acceptance of Proposal
(i) The Commission may accept any proposal which in its opinion will promote the interests of the State and which is without prejudice to any existing law;
(ii) The Commission shall in scrutinizing a proposal take into consideration facts such as financial credibility, economic justification of the business enterprise and appropriateness of technology;
(iii) The Commission shall issue a permit to a promoter, on a proposal being accepted;
(iv) In case an extension, relaxation or amendment of the terms of the permit or the agreement is submitted by those concerned, the Commission may allow thereof as it may deem appropriate;
(v) The Commission shall take necessary and prompt action in respect of complaints made by investors on failure to receive, benefits entitled to under this Law;
(vi) The Commission may, at any time require a promoter or an investor to furnish such evidence or facts as the Commission may deem necessary;
(vii) The Commission may, for the purpose of carrying out the provisions of this Law form such committees and bodies as may be necessary;
(viii) The Commission may prescribe the bank which shall transact financial matters under this Law;
(ix) The Commission shall, from time to time report its performance to the Government. It shall also recommend to the Government measures necessary to facilitate and promote foreign investments.
An economic organization formed under a permit shall in effect place insurance with the Myanma Insurance in respect of the prescribed types of insurance.
Exemption and Reliefs
(a) in respect of any enterprise for the production of goods or services, exemption from income tax for a period extending to 3 consecutive years, inclusive of the year of commencement of production of goods or services; in case where it is beneficial for the State, exemption or relief from income tax for a further reasonable period depending upon the success of the enterprise in which investment is made;
(b) exemption or relief from income tax on profits of the business if they are maintained in a reserve fund and re-invested therein within 1 year after the reserve is made;
(c) right to accelerate depreciation in respect of machinery, equipment, building or other capital assets used in the business, at the rate fixed by the Commission to the extent of the original value for the purpose of income tax assessment;
(d) if the goods produced by any enterprise are exported, relief from income tax up to 50 percent on the profits accrued from the said export;
(e) right of an investor to pay income tax payable to the State on behalf of foreigner who have come from abroad and are employed in the enterprise and the right to deduct such payment from the assessable income;
(f) right to pay income tax on the income of the above mentioned foreigner at the rates applicable to the citizens residing within the country;
(g) right to deduct from the assessment income, such expenses incurred in respect of research and development relating to the enterprise which are actually required and are carried out within the State;
(h) right to carry forward and set-off up to 3 consecutive years from the year the loss is sustained in respect of such loss sustained within 2 years immediately following the enjoyment of exemption or relief from income tax as contained in sub-section (a), for each individual enterprise;
(i) exemption or relief from custom duty or other internal taxes or both on machinery, equipment, instruments, machinery components, spare parts and materials used in the business, which are imported as they are actually required for use during the period of construction;
(j) exemption or relief from customs duty or other internal taxes or both on such raw materials imported for the first 3 years' commercial production following the completion of construction.
The Government guarantees that an economic enterprise formed under a permit shall not be nationalized during the term of the contract or during an extended terms, if so extended.
On the expiry of the term of the contract, the Government guarantees an investor of foreign capital, the rights he is entitled to, in the foreign currency in which such investment was made.
The Commission shall evaluate the foreign capital in terms of kyat in the manner prescribed, and register it in the name of the investor. In so registering, the types of the foreign capital and the type of the foreign currency evaluated shall be stated.
In the event of termination of business, the person who has brought in foreign capital may withdraw foreign capital which he is entitled to withdraw as prescribed by the Commission within the time stipulated.
Transfer of Foreign Currency
The following shall be transferable abroad in the relevant foreign currency through the bank prescribed by the Commission, at the prevailing official rate of exchange:-
(a) foreign currency entitled to by the person who has brought in foreign capital;
(b) foreign currency permitted for withdrawal by the Commission to the person who has brought in foreign capital;
(c) net profits after deducting from the annual profits received by the person who has brought in foreign capital, all taxes and the prescribed funds;
(d) legitimate balance, after causing payment to be made in respect of taxes and after deducting in the manner prescribed, living expenses incurred for himself and his family, out of the salary and lawful income obtained by the foreign personnel during performance of service in the State.
Opening of Bank Accounts
An economic organization formed under a permit shall open in the bank prescribed by the Commission, a foreign currency account in the type of foreign currency accepted by the bank, and a kyat account and carry out all financial transactions relating to the business enterprise.
Foreigners serving in any such economic organization shall open a foreign currency account and a kyat account in any bank prescribed by the Commission.
According Hotel and Tourism Law
Case 1 : TMC
Case 2 : Myanmar Andaman Resort
Myanmar Andaman Resort is located on Fork (Macleod) Island in Myeik (Mergui) Archipelago, Southern part of Myanmar (Burma) at Latitude 10 10 and Longitude 97 58 and 40 nautical miles from Kawthaung (Victoria Point) and Ranong, Thailand and 160 nautical miles from Myeik (Mergui).
To date Myanmar Andaman Resort is said to have invested 1 million dollors (US$) and it is operational.
Its strong points are beautiful beach, and they claimed one island one resort project. Forest in the background is full of tropical trees and wild animals. When it was being, much of the timber came from the forest on the island and from those of nearby islands. The timber accounts for about 50% of the cost of construction. It also has a year-round fresh water stream.
On the other hand, the island is quite far from Kawthaung - the nearest town. This makes logistical problems during construction. And now the normal operation time, it is very costly to get to the island and is facing staff movement problems.
On the island live at least 5 species of bird of prey: White-bellied Sea Eagle (Haliaeetus leucogaster), Crested Serpent Eagle (Spilornis cheela), Crested Goshawk (Acipiter trivirgatus), Brahminy Kite (Haliastur indus) and an unidentified Buzzard. Beside from bird of prays. Macleod Island is an important breeding and foraging site for Wreathed Hornbills (Aceros undulates), which is another species indicator of the good health of the forest. Other interesting birds of the island include important populations of Edible-nest Swiftlets (Collocalia fuciphage) that breed in caves at sea leve, Collared kingfishers (Todiramphus chloris) and the elusive Beach Thick-knee (Esacus neglectus), which is a larger wader that requires undisturbed sandy beaches to live on. Many more bird species breed in the forest on the island, making it a real bird sanctuary. And some Butterfly, Cricket, Squirrel and wild life, like Wildpig and Monitor Lizard, etc., can also be found.
• 14 Superior Cottages (26 sqm)
• 8 Suit Chalets (40 sqm)
• Hot and Cool Shower (Suite Chalet)
• Air-con (Superior Cottages / Suite Chalet)
• Mosquito Net, Hair dryer
• Water Purification System
• Bio Sanitary System
• Laundry Service
• IDD Telephone available at Reception
• Own Generator : voltage 220-230
• Dive Center
Case 3 : Andaman Pearls
Case 4 : Zee Kone
Case 5 : Rubber (Powergyi Pa We Island)
Case 6 : Soft Shell, Crab / Mud Crab
Case 7 : Fishery & Cold Storage