Guide to Export - Special economic zones (SEZs)
Special economic zones (SEZs)
Myanmar has created special economic zones to encourage foreign direct investment and the export of manufactured goods. For information about special economic zones, click here
Special economic zones, sometimes called free zones or export processing zones, are areas that are geographically within a nation but are outside a nation’s customs territory for the purpose of the collection of customs duties and other indirect taxes (such as excise and sales taxes). Businesses located in SEZs frequently conduct export processing operations, taking advantage of duty and indirect tax exemptions. SEZs have been used by China, Vietnam and other countries to encourage FDI and to experiment with new economic policies.
Myanmar’s SEZ legislation was revised in 2014. Under this law, investors who carry out business in a SEZ are eligible for a variety of tax exemptions and reductions. For details, click here to review the SEZ law.
The Government currently plans to establish 3 SEZs: Darwei, Kyaukphyu, and Thilawa. Infrastructure is being developed for Darwei. Darwei is not operational. Kyaukphyu is also at an early stage of development. Seventeen factories have located in Thilawa but only one has started operations.
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