Abstract

• Most developed and developing countries are adopting the market oriented economic system and those countries with a surplus in the balance of trade are prospering. The protection and promotion of investment is important for investors, and the host country can increase economic development from the investments of citizens and foreigners. Every country has unique rules regarding investment, with some regulations more restrictive than others. Each national economy has a specific framework that foreigners must abide by in order to regulate domestic investment laws. The Myanmar Investment Law allows the investor the use of land rights depending on the category of business and the volume of investment. In order to promote investment, the protection of intellectual property rights should be considered as a necessary component. A foreign investor's property cannot be taken over by nationalization act or decree of State without payment of adequate compensation. This situation is an emerging issue in that under Myanmar Local Law foreign investors are not entitled to the same protection of person and property as Myanmar nationals.