{"id":1319,"date":"2019-05-06T08:00:59","date_gmt":"2019-05-06T08:00:59","guid":{"rendered":"http:\/\/kyhic.kinsta.cloud\/?page_id=1319"},"modified":"2019-11-14T04:11:15","modified_gmt":"2019-11-14T10:41:15","slug":"post-permit-activities","status":"publish","type":"page","link":"https:\/\/kic.gov.mm\/en\/post-permit-activities\/","title":{"rendered":"Post Permit Activities"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row vc_row-fluid vc_custom_1482765667065\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1548054712042\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<header id=\"main-content-header\" class=\"clearfix\">\n<h3><strong>Post Permit Activities<\/strong><\/h3>\n<p>The following are post permit activities only for the companies holding the MIC permit.<\/p>\n<\/header>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_tour wpb_content_element  tab-style-one\" data-interval=\"0\">\n\t\t<div class=\"wpb_wrapper wpb_tour_tabs_wrapper ui-tabs vc_clearfix\">\n\t\t\t<ul class=\"wpb_tabs_nav ui-tabs-nav vc_clearfix h5-size\"><li><a href=\"#tab-1399904645-1-9415480464607841557129814236\">Investment \/ Capital<\/a><\/li><li><a href=\"#tab-1408632652419-2-415480464607841557129814236\">Business Operation<\/a><\/li><li><a href=\"#tab-1408632653300-3-215480464607841557129814236\">MIC Permit Amendments<\/a><\/li><li><a href=\"#tab-1548050195498-4-01557129814236\">Reporting<\/a><\/li><\/ul>\n\t<div id=\"tab-1399904645-1-9415480464607841557129814236\" class=\"wpb_tab ui-tabs-panel wpb_ui-tabs-hide vc_clearfix\">\n\t\t<div class=\"vc_row wpb_row vc_inner vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_accordion wpb_content_element  not-column-inherit dt-style dt-accordion-bg-on dt-accordion-text-big\" data-collapsible=\"yes\" data-vc-disable-keydown=\"false\" data-active-tab=\"1\">\n\t\t<div class=\"wpb_wrapper wpb_accordion_wrapper ui-accordion\">\n\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#change-in-total-investment\"><span>Change in Total Investment<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want to increase the investment amount of the business, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents:<\/p>\n<ul>\n<li>Cover Letter (including reasons for increasing the investment, original investment amount, increase investment amount and total investment amount)<\/li>\n<li>Board of directors&#8217; resolution<\/li>\n<li>Attach list of machineries and equipment if machineries and equipment to be imported with increasing investment amount<\/li>\n<li>Copy of loan agreement (increase the investment with loan)<\/li>\n<li>Copy of MIC permit<\/li>\n<li>Power of attorney (if investors cannot come to the office)<\/li>\n<li>Copy of up to date Quarterly Performance Report (no need to submit it again if already submitted)<\/li>\n<\/ul>\n<p>Cost of amending permit: MMK\u00a0\u00a0 100000<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#expansion-of-business-type-of-business\"><span>Expansion of business (type of business)<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want to expand type of\u00a0\u00a0 business, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents:<\/p>\n<ul>\n<li>Cover Letter ( describe the reasons for the expanding business )<\/li>\n<li>Board of Directors&#8217; resolution<\/li>\n<li>Investment amount increase or not<\/li>\n<li>List of Machineries to be imported<\/li>\n<li>List of increased product, raw materials, employee list and invested area<\/li>\n<li>Loan agreement if the investment amount is increased by getting loan (Draft is acceptable)<\/li>\n<li>Balance of machineries<\/li>\n<li>Power of attorney (if investor cannot come to office)<\/li>\n<\/ul>\n<ul>\n<li>Copy of up to date Quarterly Performance Report (no need to submit it again if already submitted)<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>(The expansion of the volume of investment is allowed only after 80% of the originally proposed investment has been made.)<\/p>\n<p>Cost of amending permit: MMK 100000<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#approval-for-loan\"><span>Approval for loan<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want to get a loan, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents:<\/p>\n<ul>\n<li>Cover Letter(describe the specific reasons)<\/li>\n<li>Amount of Capital that has already invested<\/li>\n<li>Board of Directors&#8217; resolution<\/li>\n<li>loan agreement(attach with the repayment schedule)<\/li>\n<li>Power of Attorney (if investors cannot come to office)<\/li>\n<li>Copy of up to date Quarterly Performance Report (no need to submit it again if already submitted)<\/li>\n<\/ul>\n<p>(If foreign investors want to get a loan, they need to get approval from the Central Bank.)<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#amendment-of-loan\"><span>Amendment of loan<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors would like to amend loan amount, lender and repayment schedule<strong>,\u00a0<\/strong>they need to address to the chairman of the Myanmar Investment Commission attached with the following documents:<\/p>\n<ul>\n<li>Cover letter<\/li>\n<li>Board of Directors\u2019 Resolution<\/li>\n<li>List of amendment of Loan (amount, borrower, repayment schedule)<\/li>\n<li>Amendment of Loan Agreement with repayment schedule (Draft is acceptable)<\/li>\n<li>Amount of Capital that has already invested (with copy of credit advice)<\/li>\n<li>Power of Attorney (if investor cannot come to office)<\/li>\n<\/ul>\n<ul>\n<li>Copy of up to date Quarterly Performance Report (no need to submit it again if already submitted)<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#share-transfer-fully-or-partly\"><span>Share transfer (fully or partly)<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want to transfer more than 50% of their assets and majority ownership or control, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents to get prior approval from the commission for such transfer.<\/p>\n<ul>\n<li>Cover Letter<\/li>\n<li>Board of Directors&#8217; resolution<\/li>\n<li>List of shares holder and list of directors<\/li>\n<li>Transfer of\u00a0 shares (submit with form\u00a0 8)<\/li>\n<li>Recommendation letter for the clearance of taxes<\/li>\n<li>Power of Attorney (if investors cannot come to office)<\/li>\n<\/ul>\n<ul>\n<li>Copy of up to date Quarterly Performance Report (no need to submit it again if already submitted)<\/li>\n<\/ul>\n<ul>\n<li>Share Ratio Original<\/li>\n<\/ul>\n<p>If investors want to reinvest their profits, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents:<\/p>\n<ul>\n<li>Cover Letter<\/li>\n<li>Mention budget year to reinvest profit<\/li>\n<li>Board of Directors&#8217; resolution<\/li>\n<li>Audit report<\/li>\n<li>Recommendation letter for the clearance of taxes<\/li>\n<li>Power of attorney (if investors cannot come to office)<\/li>\n<li>Copy of up to date Quarterly Performance Report (no need to submit it again if already submitted)<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#reinvestment-of-profits\"><span>Reinvestment of profits<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors desire to reinvest their profits, they need to apply to the Myanmar Investment Commission (MIC) for approval, address to the Chairman of MIC with the following documents:<\/p>\n<ul>\n<li>Cover letter<\/li>\n<li>Mention budget year to reinvest profit<\/li>\n<li>Board of Directors&#8217; resolution<\/li>\n<li>Audit report<\/li>\n<li>Recommendation letter for the clearance of taxes<\/li>\n<li>Copy of MIC permit<\/li>\n<li>Power of Attorney (if investors cannot come to office)<\/li>\n<li>Copy of latest Quarterly Performance Report<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#transference-of-foreign-currency-transfer-of-shares-dividend-profit-share-repatriation\"><span>Transference of foreign currency (transfer of shares, dividend, profit share repatriation)<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want to transfer the foreign currency (transfer of shares, dividend, profit share repatriation), they need to address to the chairman of the Myanmar Investment Commission attached with the following documents:<\/p>\n<ul>\n<li>Cover Letter<\/li>\n<li>Board of Directors&#8217; resolution<\/li>\n<li>Audit Report<\/li>\n<li>Bank Statement (Name of Bank)<\/li>\n<li>Form (\u00a0 13\u00a0 ) (form for transfer of foreign currency)<\/li>\n<li>Recommendation letter for the clearance of taxes<\/li>\n<li>Power of Attorney (if investors cannot come to office)<\/li>\n<li>Copy of up to date Quarterly Performance Report (no need to submit it again if already submitted)<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#mortgage-of-land-and-building-permitted-for-investment\"><span>Mortgage of land and Building permitted for investment<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want their mortgage of land and building permitted for investment, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents:<\/p>\n<ul>\n<li>Cover Letter (by describing reasons)<\/li>\n<li>Board of Directors&#8217; resolution<\/li>\n<li>Mortgage agreement (draft) (to enclose recommendation of the Union Attorney General&#8217;s Office for government Organization)<\/li>\n<li>Power of Attorney (if investors cannot come to office)<\/li>\n<li>Copy of up to date Quarterly Performance Report (no need to submit it again if already submitted)<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\n\t<\/div>\n\n\t<div id=\"tab-1408632652419-2-415480464607841557129814236\" class=\"wpb_tab ui-tabs-panel wpb_ui-tabs-hide vc_clearfix\">\n\t\t<div class=\"vc_row wpb_row vc_inner vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_accordion wpb_content_element  not-column-inherit dt-style dt-accordion-bg-on dt-accordion-text-big\" data-collapsible=\"yes\" data-vc-disable-keydown=\"false\" data-active-tab=\"1\">\n\t\t<div class=\"wpb_wrapper wpb_accordion_wrapper ui-accordion\">\n\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#import-of-machinery-and-equipment\"><span>Import of machinery and equipment<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want to import machinery, equipment, instruments, machinery components, spare parts or \u00a0 materials used in the business, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents:<\/p>\n<ul>\n<li>Cover letter<\/li>\n<li>Pro forma invoice<\/li>\n<li>Sales contract<\/li>\n<li>Recommendation form related Ministry (If necessary)<\/li>\n<li>Balance of Machinery and Equipment<\/li>\n<li>Copy of original proposal (only the page which includes the list of machinery, equipment, instruments, machinery components, spare parts and materials used in the business relevant for this request)<\/li>\n<li>Power of attorney (if investors cannot come to office)<\/li>\n<li>Copy of up to date Quarterly Performance Report(no need to submit it again if already submitted)<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#import-of-raw-materials\"><span>Import of raw materials<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want to import raw materials, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents;<\/p>\n<ul>\n<li>Cover letter ( initial raw materials or yearly raw materials need to be mentioned)<\/li>\n<li>Pro forma invoice<\/li>\n<li>Sales contract<\/li>\n<li>Progress in Construction, renovation<\/li>\n<li>Balance of \u00a0Raw Imported Materials<\/li>\n<li>Copy of MIC permit<\/li>\n<li>Copy of original proposal (only the page which include the list of raw materials relevant for this request)<\/li>\n<li>Power of attorney (if investors cannot come to office)<\/li>\n<li>Copy of up to date Quarterly Performance Report(no need to submit it again if already submitted)<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#issue-recommendation-letter-for-export\"><span>Issue recommendation letter for export<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want to export product mentioned in their proposal, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents;<\/p>\n<ul>\n<li>Cover letter<\/li>\n<li>Pro forma Invoice<\/li>\n<li>Import License and Import Declaration for raw materials<\/li>\n<li>Amount of capital already invested (Cash, machineries)<\/li>\n<li>List of exportation of product<\/li>\n<li>Power of Attorney (if investor cannot come to office)<\/li>\n<\/ul>\n<ul>\n<li>Copy of up to date Quarterly Performance Report(no need to submit it again if already submitted)<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#issue-confirmation-for-commencement-date-of-business-operation\"><span>Issue confirmation for commencement date of business operation<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want to report the date of the commencement of business operation, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents:<\/p>\n<ul>\n<li>Cover Letter<\/li>\n<li>Form (\u00a0\u00a0 14\u00a0\u00a0\u00a0 ) [Download link to file]<\/li>\n<li>Amount of capital that has already invested<\/li>\n<li>Bill of Lading(BL) or Export Declaration (ED) or similar documents used in international trade for the export of manufacturing business<\/li>\n<li>if the company sales locally &#8211; the date of the income first-derived from the local sales of the manufacturing business<\/li>\n<li>the date which commence of service business<\/li>\n<li>Power of Attorney (if investors cannot come to office)<\/li>\n<li>Copy of up to date Quarterly Performance Report(no need to submit it again if already submitted)<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#extension-of-construction-period\"><span>Extension of construction period<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors requests for extension of construction period, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents<\/p>\n<ul>\n<li>Cover letter (describe the specific reasons)<\/li>\n<li>Progress in Construction, Renovation<\/li>\n<li>Amount of Capital that has already invested<\/li>\n<li>Power of attorney (if investors cannot come to office)<\/li>\n<li>Copy of up to date Quarterly Performance Report(no need to submit it again if already submitted)<\/li>\n<\/ul>\n<p>Permit Amendment Service Fees (MMK 100,000)<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#extend-land-lease-agreement-and-mic-permit-duration\"><span>Extend land lease agreement and MIC permit duration<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want to extend land lease agreement, the duration of investment of the business and duration of MIC&#8217;s Permit, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents-<\/p>\n<ul>\n<li>Cover Letter (reasons)<\/li>\n<li>Board of Directors&#8217; resolution (or) recommendation letter from relevant ministries<\/li>\n<li>Power of Attorney (if investors cannot come to office)<\/li>\n<li>Copy of up to date Quarterly Performance Report(no need to submit it again if already submitted)<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#appointment-of-expatriate-for-stay-permit\"><span>Appointment of Expatriate for stay permit<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want to apply for the permission of work for the foreign employee, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents:<\/p>\n<ul>\n<li>Cover Letter(Name, Passport No., Position, duration)<\/li>\n<li>Copy of Passport<\/li>\n<li>Form ( 12-A\u00a0\u00a0 ) (application form for the permission of work)<\/li>\n<li>Recommendation letter from representative of company<\/li>\n<li>Recommendation letter from relevant industrial zone (if the business is in industrial zone)<\/li>\n<li>Number of already appointed \u00a0employee (local, foreign)<\/li>\n<li>Power of Attorney (if investors cannot come to office)<\/li>\n<li>Copy of up to date Quarterly Performance Report(no need to submit it again if already submitted)<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#liquidation-of-business\"><span>Liquidation of business<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want to liquidate the business, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents:<\/p>\n<ul>\n<li>Cover Letter (reasons for liquidation)<\/li>\n<li>Board of Directors&#8217; resolution<\/li>\n<li>Capital amount have been invested<\/li>\n<li>Recommendation letter for the clearance of taxes<\/li>\n<li>Power of Attorney (if investors cannot come to office)<\/li>\n<li>Copy of up to date Quarterly Performance Report(no need to submit it again if already submitted)<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#application-for-a-certified-true-copy-of-the-mic-permit\"><span>Application for a certified true copy of the MIC permit<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want to apply for a certified true copy of their MIC permit, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents:<\/p>\n<ul>\n<li>Cover Letter (reasons)<\/li>\n<li>Board of Directors&#8217; resolution<\/li>\n<li>Advertisement on Newspaper<\/li>\n<li>Recommendation letters from relevant police station<\/li>\n<li>Power of Attorney (if investors cannot come to office)<\/li>\n<li>Copy of up to date Quarterly Performance Report(no need to submit it again if already submitted)<\/li>\n<\/ul>\n<p>Cost: MMK 750000<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\n\t<\/div>\n\n\t<div id=\"tab-1408632653300-3-215480464607841557129814236\" class=\"wpb_tab ui-tabs-panel wpb_ui-tabs-hide vc_clearfix\">\n\t\t<div class=\"vc_row wpb_row vc_inner vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_accordion wpb_content_element  not-column-inherit dt-style dt-accordion-bg-on dt-accordion-text-big\" data-collapsible=\"yes\" data-vc-disable-keydown=\"false\" data-active-tab=\"1\">\n\t\t<div class=\"wpb_wrapper wpb_accordion_wrapper ui-accordion\">\n\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#amendment-of-permit-change-name-of-investor-or-promoter\"><span>Amendment of permit: Change name of investor (or) promoter<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want to change the name of Investor (or) Promoter, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents:<\/p>\n<ul>\n<li>Cover Letter (reasons)<\/li>\n<li>Board of Directors&#8217; resolution<\/li>\n<li>Form 6 (list of shares holder) and form 26 (list of directors)<\/li>\n<li>Power of Attorney (if investors cannot come to office)<\/li>\n<li>Copy of latest Quarterly Performance Report(no need to submit it again if already submitted)<\/li>\n<\/ul>\n<p>Cost of amending permit: MMK 100000<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#amendment-of-permit-change-of-address\"><span>Amendment of permit: Change of address<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want to amendment of permit in changing of address, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Cover letter (reasons)<\/li>\n<li>Map (concerned original and applied area)<\/li>\n<li>Land lease Agreement for applied area (Draft is acceptable)<\/li>\n<li>Land lease Agreement for permitted area (if it is already signed, termination agreement will be needed)<\/li>\n<li>Land grant for applied area<\/li>\n<li>Board of Directors\u2019 Resolution<\/li>\n<li>Recommendation letter for the clearance of taxes<\/li>\n<li>Copy of latest Quarterly Performance Report<\/li>\n<\/ul>\n<ul>\n<li>Power of Attorney (if investor cannot come to office) (no need to submit it again if already submitted)<\/li>\n<\/ul>\n<p>Cost of amending permit: MMK 100000<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#amendment-of-permit-change-of-permitted-duration-of-investment\"><span>Amendment of permit: Change of permitted duration of investment<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want to extend land lease agreement, the duration of investment of the business and duration of MIC&#8217;s Permit, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents:<\/p>\n<ul>\n<li>Cover Letter (reasons)<\/li>\n<li>Board of Directors&#8217; resolution (or) recommendation letter from relevant ministries<\/li>\n<li>Power of Attorney (if investors cannot come to office)<\/li>\n<li>Copy of latest Quarterly Performance Report(no need to submit it again if already submitted)<\/li>\n<\/ul>\n<p>Cost of amending permit: MMK 100000<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#amendment-of-permit-change-type-of-investment\"><span>Amendment of permit: Change type of investment<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want to change the type of investment (from Citizen Investment to Foreign investment or from Foreign investment to Citizen Investment), they need to address to the chairman of the Myanmar Investment Commission attached with the following documents:<\/p>\n<ul>\n<li>Cover Letter (reasons)<\/li>\n<li>Board of Directors&#8217; resolution<\/li>\n<li>If the type of investment will change from Citizen Investment to Foreign investment: share ratio (JV or 100%) according to notification\u00a0 26\/2016 and particulars relating to foreign company<\/li>\n<li>If the type of investment will change from \u00a0Foreign investment to Citizen investment: particulars relating to Myanmar Company<\/li>\n<li>Recommendation letter for the clearance of taxes<\/li>\n<li>Power of Attorney (if investors cannot come to office)<\/li>\n<\/ul>\n<ul>\n<li>Copy of latest Quarterly Performance Report(no need to submit it again if already submitted)<\/li>\n<\/ul>\n<p>Cost of amending permit: MMK 100000<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#amendment-of-permit-change-of-company-name\"><span>Amendment of permit: Change of company name<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want to change the name of business, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents:<\/p>\n<ul>\n<li>Cover Letter (reasons for name change)<\/li>\n<li>Board of Directors&#8217; resolution<\/li>\n<li>Copy of MIC permit<\/li>\n<li>Power of Attorney (if investors cannot come to office)<\/li>\n<li>Copy of latest Quarterly Performance Report(no need to submit it again if already submitted)<\/li>\n<\/ul>\n<p>Cost of amending permit: MMK 100000<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#amendment-of-permit-change-type-of-business\"><span>Amendment of permit: Change type of business<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>If investors want to change the type of business, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents:<\/p>\n<ul>\n<li>Cover Letter (reasons)<\/li>\n<li>Board of Directors&#8217; resolution<\/li>\n<li>Investment amount increase or not<\/li>\n<li>List of Machineries to be imported<\/li>\n<li>List of amended products, raw materials, employee list and invested area<\/li>\n<li>Balance of machineries<\/li>\n<li>Power of Attorney (if investor cannot come to office)<\/li>\n<\/ul>\n<ul>\n<li>Copy of latest Quarterly Performance Report(no need to submit it again if already submitted)<\/li>\n<\/ul>\n<p>Cost of amending permit: MMK 100000<\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#amendment-of-contracts\"><span>Amendment of contracts<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>The following documents are necessaries on application for the permission of amendment of Land and Building Lease Agreement, BOT Agreement, 100% Foreign Agreement, Joint Venture Agreement and need to attend to the Chairman of MIC;<\/p>\n<ul>\n<li>Cover Letter<\/li>\n<li>Letter from relevant Ministry<\/li>\n<li>Board of Directors&#8217; resolution<\/li>\n<li>Amendment of Agreement (Draft is acceptable)<\/li>\n<li>Recommendation letter for the clearance of taxes<\/li>\n<li>Power of Attorney (if investor cannot come to office)<\/li>\n<\/ul>\n<ul>\n<li>Copy of latest Quarterly Performance Report(no need to submit it again if already submitted)<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\n\t<\/div>\n\n\t<div id=\"tab-1548050195498-4-01557129814236\" class=\"wpb_tab ui-tabs-panel wpb_ui-tabs-hide vc_clearfix\">\n\t\t<div class=\"vc_row wpb_row vc_inner vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_accordion wpb_content_element  not-column-inherit dt-style dt-accordion-bg-on dt-accordion-text-big\" data-collapsible=\"yes\" data-vc-disable-keydown=\"false\" data-active-tab=\"1\">\n\t\t<div class=\"wpb_wrapper wpb_accordion_wrapper ui-accordion\">\n\n\n\t<div class=\"wpb_accordion_section group\">\n\t\t<h3 class=\"wpb_accordion_header ui-accordion-header\"><a href=\"#necessary-reports\"><span>Necessary reports<\/span><\/a><\/h3>\n\t\t<div class=\"wpb_accordion_content ui-accordion-content vc_clearfix\">\n\t\t\t\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<ul>\n<li>Quarterly Report (Form 10) Rule 197<\/li>\n<li>Audit Report (Form 11) Rule 196<\/li>\n<\/ul>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\n\t<\/div>\n<div class=\"wpb_tour_next_prev_nav vc_clearfix\"> <span class=\"wpb_prev_slide\"><a href=\"#prev\" title=\"Previous tab\">Previous tab<\/a><\/span> <span class=\"wpb_next_slide\"><a href=\"#next\" title=\"Next tab\">Next tab<\/a><\/span><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Post Permit Activities The following are post permit activities only for the companies holding the MIC permit. Investment \/ CapitalBusiness OperationMIC Permit AmendmentsReporting Change in Total Investment If investors want to increase the investment amount of the business, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents:&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/kic.gov.mm\/en\/wp-json\/wp\/v2\/pages\/1319"}],"collection":[{"href":"https:\/\/kic.gov.mm\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/kic.gov.mm\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/kic.gov.mm\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kic.gov.mm\/en\/wp-json\/wp\/v2\/comments?post=1319"}],"version-history":[{"count":2,"href":"https:\/\/kic.gov.mm\/en\/wp-json\/wp\/v2\/pages\/1319\/revisions"}],"predecessor-version":[{"id":1321,"href":"https:\/\/kic.gov.mm\/en\/wp-json\/wp\/v2\/pages\/1319\/revisions\/1321"}],"wp:attachment":[{"href":"https:\/\/kic.gov.mm\/en\/wp-json\/wp\/v2\/media?parent=1319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}