SSIC clears 2 foreign service firms

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  • SSIC clears 2 foreign service firms

The Shan State Investment Committee gave the green light to two foreign enterprises to invest in the service sector with an estimated capital of K11.79 billion at the SSIC’s meeting held on 17 March 2026. Those businesses will create 57 jobs for locals.
SSIC approved nine foreign businesses and 26 domestic projects between February 2021 and March 2026, bringing in capital of US$100.86 million and K1,677 billion.
Foreign investors eye Shan State’s agriculture sector. Foreign direct investments also flow into manufacturing, power, mining, hotels, tourism and service sectors in the region.
Domestic investments are primarily put into the hotels and tourism sector, followed by the manufacturing sector.
Investors making investments in the townships recognized as a moderate development zone are entitled to enjoy a five-year tax exemption, while the least developed zone offers seven-year tax-free incentives. — ASH/KK

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