Enterprises operating under the Foreign Investment Law shall have the State guarantee against nationalization and expropriation. The minimum amounts of foreign capital required are US$ 500,000for an industry and US$ 300,000 for a services organization respectively. According to the Myanmar Investment Law, foreigners cannot own land but can lease it for periods up to 30 years or more, if approved by MIC, from the government. Besides, a foreigner or a foreign company can lease any immovable property from the private sector more than one year at a time.