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Procedures Relating to Permission to carry out Economic Enterprises Defined Under Section 3 of the State-Owned Economic Enterprises Law
The Government may, in the interests of the State, permit any enterprise which is prescribed under Section 3 of the State-owned Economic Enterprises Law to be carried out solely by the Government, in any of the following form:-
  • Joint-venture between the organisation and a citizen or a foreigner:
  • Joint-venture between the organisation, a citizen and a foreigner:
  • Joint-venture between a citizen and a foreigner:
  • Enterprise by a citizen or a foreigner:
When any citizen or any foreigner applies to carry out any economic enterprise which is prescribed under Section 3 of the said law, the following procedures are required:-
  • (a) Application shall be made in attached Form (A) to the State Economic Organisation concerned:
  • (b) The organization shall submit the proposal to its ministry together with its comments:
  • (c) If the ministry concerned considers the proposed enterprise submitted by the organization is not covered by the Union of Myanmar Foreign Investment Law and is also in the interests of the State, the ministry concerned shall submit the following particulars together with explanations and its comments, to the Government:-
    1. Type of business to be carried out;
    2. Type of organisation to be formed;
    3. Estimated amount of capital to be invested;
    4. Financial arrangement;
    5. Duration to be carried out:
    6. Estimated income and expenses;
    7. Economic and socal justification for the State:
    8. Conditions to be prescribed.
  • (d) If the proposed submitted by the organisation is covered by the Union of Myanmar Foreign Investment Law, the ministry concerned shall obtain the approval of the Government;
  • (e) If the proposal submitted under sub-paragraph
  • (c) and (d) is considered to be in the interests of the State, the Government or the Ministry authorised for this purpose may, by notification, permit it to be carried out, with appropriate conditions;
  • (f) If the ministry concerned considers the proposal submitted by the organisation to be not in the interests of the State or if the Government does not permit, the proposal may be rejected. Such rejection shall be communicated to the applicants.


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