Infrastructure (Urban Development)

Leasable Land

In the Union of Myanmar, according to the existing laws, land is solely owned by the State. Foreign economic enterprises and individuals may lease land for their business, subject to the Transfer of Immovable Property Registration Law, 1987, to lease of land to foreign economic enterprises and individuals.

There is a guideline with respect to lease of land for foreign investment. The rates varies depending of a type of land use and its location.

The land may be leased up to 30 years, and may be extended upon negotiation. The rates are subject to review after every 5 years from the date of the lease. For high-rise buildings, annual land lease rates shall be based on the floor area.

Right to cultivate/utilize cultivable, fallow and waste land for agricultural, livestock breeding, aquaculture and other affiliated economic enterprises can be applied