Permanent Residence - Investor or Business Operator

(j) Person who Desires to Invest and Operate Business means a person who desires to come and invest in business of Myanmar in accord with the Foreign Investment Laws;

(c) being a person who is enable to invest in accord with Laws related to foreign investment if he/she invests in productions and services;

(e) being a person who is enable to submit the official document taken in possession of amount of money equivalent to the volume of investment;

28. The applicant for the permanent residence shall pay US $ 500 which is not returnable for the initial application for the permanent residence to the Section.

29. The person who has obtained the notice of the permanent residence under sub-rule (a) of this rule 12 shall, after applying to draw permit of the Permanent Residence Certificate in accord with rule 13 to the Section, and in drawing the Permanent Residence Certificate in accord with rule 14 and in registering the term of the Permanent Residence Certificate in accord with rule 16, pay the fees as follows: (a) US $ 1000 per annum for a foreigner; (b) US $ 500 per annum for ex-Myanmar citizen;

(c) The person who obtains the Permanent Residence Certificate shall apply to the Section himself/herself to register the term of certificate once in a year within the term of the permanent residence in sub-rule (a) together with the following documents within 30 days from the date of completion of one year:

(iv) document permitted to continue to operate business from the relevant department;

(v) tax exemption certificate issued in accord with the existing law, and original and copies of valid company registration which has not been expired for the persons who desires to invest and operate business.

(c) submit the sufficient ground and obtain the permission if desires to reside one year and above consecutively beyond the territory of Myanmar within five years term of the permanent residence;

(h) has the right to operate economic business in the businesses permitted to him/her in accord with the existing laws related to foreign investment;

(c) may have the right to enter into the household member list of the person who obtains the permanent residence to the next of kin as follows and may reside with visa without having the right to settle and have the right to reside by applying the renewal of visa if they are not the persons who obtain permanent residence: (i) legal wife or husband; (ii) legal parents; (iii) legal offsprings;

If the initial stay for five years of the term of the permanent residence has been expired, he/she may reapply the renewal of five years at a time;