DICA: what’s next for Myanmar FDI

Author: | Published: 23 Feb 2015

Aung Naing Oo, director-general of DICA, reveals the next FDI developments in the frontier jurisdiction

Investors witnessed a number of firsts in Myanmar last year. There was its first non-recourse financing, its first loan secured by local assets, and the first inbound, bulge-bracket private equity investment. But the country's legal framework for foreign direct investment (FDI) remains nascent – and in some cases, non-existent.

Regulators such as the Directorate of Investment and Company Administration (DICA), which maintains the companies registry, and the Myanmar Investment Commission (MIC), which approves foreign investments, are crucial for companies investing in the country. In many cases, they are some of the first stops for those hoping to invest in the frontier jurisdiction.

Here, IFLR speaks with Aung Naing Oo, director-general of DICA and secretary of MIC, about what to expect from both organisations in 2015, as well as how investors should engage with the regulator.