Company registration in myanmar. (2) Appointment of directors and shareholders.

Ministry of Commerce. 407, Chan Thar Gone Yaung condoThanthumar road, TarmweYangon, Myanmar 11211. 1, Thitsar Road. 3 An applicant must be a resident of Myanmar. 0 Figure – Starting a Business in Myanmar and comparator economies – Ranking and Score DB 2020 Starting a Business Score 0 100 89. Call the Prifinance Company: ☎️ +372 602-65-11: 24/7 customer support. Yankin Township, Yangon. The section below summarizes the 5-step guide to securing company registration in Myanmar. Application of work permit for the foreign staff and management expert to appoint at the investment (Myanmar Investment Commission) DOWNLOAD. The overarching legislation, PESTICIDE LAW was enacted as state law in 1990, which established the general system on pesticide registration and business licensing. Key Legislations. Type. (4) Declaration of the situation of registered office. Before Tetra Consultants proceeds to set up a company in Thailand, we will search and reserve your company name through the Department of Business Development of the Ministry of Commerce. The procedure applies to foreign company incorporation as per the Myanmar Investment Law (MIL) of 2017: Step 1: Name Checking. DICA stands for the Directorate of Investment and Company Administration in Myanmar. Further, a company with even one share owned by a foreign person is not allowed to buy and own land in Myanmar. (1) Application at the relevant State or Regional Office. 20/2022) from Myanmar’s Ministry of Planning and Finance requires all companies and organizations in Myanmar, including nonprofits, to apply for a taxpayer identification number (TIN) by June 30, 2022, or within 90 days of establishment. Following are the steps listing how to register a company under MFIL. The Union Registration Board should issue a Temporary Registration Certificate within 21 days from the date of application. Memorandum and Articles of Association of applicant company (in English and Myanmar). Form (12-B) Application of work permit for the foreign staff and management expert to appoint at the investment (Region/State Investment Committee) DOWNLOAD. COMPANIES. 5. 3 Paid-in min. mm” under the legal Domain Name/Sub Domain Name. 9: Regional Average (East Asia & Pacific) Jul 12, 2023 · Company Liquidation in Myanmar. E OFFICECompound of the Directorate of Trade Promotion and Consumer Affair, East Circular Road, Yay Aye Kwin Quarter, Taunggyi Township, Sh. The MSA are not translated into the local language. If requested by the Registrar, the applicant must translate the application from one language to the other and provide a signed statement verifying the accuracy of the translation. (2) Registration Form. A small company is defined as having annual turnover below 50,000,000 MMK and total number of employees below 30. Registering a company now easier than ever before A new, easy to read guideline on how to register a company is now available online on the website of DICA: www. Nov 26, 2013 · Under Section 27 of the Myanmar Companies Act, both a branch and an RO must obtain a permit and registration. List of executive members in relation to Myanmar operations, copies of their passports or Myanmar National Registration Cards. The Directorate of Investment and Company Administration, which is in charge of company Myanmar Company Registration. A company secretary is not required. 63/2020 of the Ministry of Commerce of Myanmar (“ MOC ”) issued under the MTL2019. I. Pay stamp duty at One Stop Service (OSS) or Internal Revenue Department. What is the difference between a branch office and a representative office? Myanmar company incorporation. According to the Myanmar Investment Law 2012, Section 20, local partner or Myanmar citizen must invest minimum 20% of share equities in the form of joint venture company. 6. Registration The Tech Support Desk is manned Monday through Friday, from 9:30 AM till 4:30 PM. It is located in Lower Burma and has a population of over 7 million. The dossiers are filed online on the FDA website as per the guidelines in separated files. The registry is searchable by the general public free of charge. If you already have a registered company, or you are contemplating establishing one, you should be fully aware of the revised registration fees. gov. It is a government agency responsible for promoting foreign and domestic investment in Myanmar and managing the registration and administration of companies in the country. E-Mail: core. Welcome to Online Business License! လုပ်ငန်းဆိုင်ရာလိုင်စင် လျှောက်ထားမှုများကို (၁-နိုဝင်ဘာ-၂၀၁၃) မှစ၍ Online မှ လျှောက်ထားနိုင်ပြီ ဖြစ်ပါသည်။. (1) Name Request. Apr 1, 2022 · This descriptive qualitative research concentrate on the first step of creating product-mix offerings-i. Registration Process. Under the Companies Law 2017, DICA is in charge of registering companies for both local and foreign companies. Still, the MOC is currently determining the registration fees, and it is expected that the registration fee will be lower for individuals. Company Registration in Myanmar: 4-Steps Guide. Jul 27, 2023 · The registration certificate is valid for two years. In accordance with the Myanmar Companies Law 2017, a company may be registered in one of the following forms: Myan Trans Translation Company Limited Room-202, Second Floor, Royal Tower C-8, (Beside Tamada Cinama) Yawmingyi Ward, Dagon Township - 11191, Yangon, Myanmar . Public companies must have a minimum of 7 shareholders. It can be helpful to set up a representative office to establish a local presence in Myanmar. နှစ်အလိုက်/ လအလိုက် ကုမ္ပဏီမှတ်ပုံတင်ပေးနိုင်မှုအခြေအနေအား သိရှိနိုင်ပါရန်. Must stipulate what is the guarantee amount (in USD or Kyat) each member is willing to provide should the company be wound up and there is outstanding payment to creditors. In comparison, companies or business organizations may have a slightly higher fee. The types of companies and entities which can be registered on MyCO are as follows: Private Company Limited by Shares. for local directors. It served as the capital of Myanmar from 1948 to 2006. 41 KB. Jun 16, 2023 · Those who register a new company should fully comply with the above-mentioned points from the date of publication of this announcement which is 1 st April 2023 and submit the Annual Return to company. Company Registration in Myanmar 1. Applications to establish a company under the MCL are made to the Company Registration Office (CRO) headquartered in Yangon and which operates under the auspices of the Directorate of Investment and Company Administration (DICA). 28 KB. Myanmar offers tremendous business Myanmar Companies Online (MyCO) The Myanmar Companies Online registry is a fully electronic register that can be used to register and manage companies registrations. It is accessible 24/7. (1) The Insolvency Law 2020; (2) The Insolvency Rules 2020 issued by the Union Supreme Court of We offer company formation and bank account opening services in Myanmar. The steps for the new generic product Company Registration. Statement of company objectives and undertaking not to conduct trading activities. Recommendation letter for the clearance of taxes. Title. com Jan 24, 2016 · Here are the documents that you need to apply for permission to trade: (1) Model: A Myanmar system companies in 1957(2) Draft of incorporation and rules of procedure contract(3) completed a Liquidation of business. This includes companies run by citizens of Myanmar, f oreign companies, branches of for eign The steps to register a company here are handled by the Directorate of Investment and Company Administration (DICA), which is a secretariat of the Myanmar Investment Commission (MIC). 92/2020 Directive regarding the requirement that at least one of the directors of the registered company must be resident in the Union of Myanmar. List of partner companies (Form D-5) Company registration certificate; Company pamphlet or brochure; A set of completed design (Archi, Structure and Estimate) Send application (Hardcopy) to: GGP Section Embassy of Japan in Myanmar No. NAY PYI TAW OFFICE Ofice Building No. com. Regulator. In addition the said types of companies, the other two common types of business are partnership and joint ventures. An Investor which obtained an Investment Permit issued by Thilawa Special Economic Zone Management Committee (TSMC) shall apply for Company Registration to the DICA Section of OSSC through the Front Office of OSSC as soon after obtaining the Investment Permit. Be trading in local goods and/or services online. Some of the key functions of the DICA Step 2: Reservation of company name. Navigating this process requires meticulous attention to detail and adherence to local regulations. Whereas previously you needed to visit . Medical device registration is a mandatory requirement in Myanmar for companies seeking to market and distribute medical devices. The trademark rights under the new trademarks registration system will generally be granted on a first-to-file basis. Company Limited by Guarantee. directors’ resolution (if a company) - Copy of passport of foreign directors or copy of the NRC. If the producer is a foreign company, the applicant must be a resident representative of the foreign company. Under Section 16 of the Myanmar Trademark Law, the applicant may write the registration application in Myanmar or English. *. In accordance with the Myanmar Companies Act of 1914 and the Special Companies Act of 1950, a company may be registered in Application form for permit (Form A) 10. 4. pdf. Directors. Copy of passport or NRC of authorized person. From a regulatory perspective, Myanmar has a basic management regime managing registration, production, distribution and use of pesticides. The registration fees are yet to be officially released. They are a company limited by shares, a company limited by guarantee or an unlimited company. How many shareholders are allowed for a private company and for a public company in Myanmar? For a private company, transfer of shares is restricted, and the number of shareholders may range from a 2 to 50. There are three main types of companies which can be registered under the Myanmar Companies Law of 2017. The Directorate of Investment and Company Administration (“DICA”) has issued the forms Aug 23, 2016 · For company registration with DICA without MIC permit under Foreign Investment Law, the minimum capital to be brought in Myanmar through bank transfer is as follows: Industrial, Hotel and Myan Trans Translation Company Limited Room-202, Second Floor, Royal Tower C-8, (Beside Tamada Cinama) Yawmingyi Ward, Dagon Township - 11191, Yangon, Myanmar . 3. A partnership is formed by a group of individuals. Company Registration. Re-registration must be completed prior to 31 January 2019. Jul 26, 2018 · All registered companies and other entities under the Myanmar Companies Act 1914 and Special Company Act 1950 must re-register on MyCO from 1 August 2018. DRN INTERNATIONAL LIMITED – MYANMAR – Expert Regulatory support for Product Registration in Myanmar. List of directors of applicant company. (3) Declaration of legal and official version of the documents. Capital amount have been invested. e. Locate us. Phone: 02-86661, 02-86662 Fax-. 1. Step 1: The traders, in person, can file the Pa-Tha-Ka paper-application form along with supporting documents at the Trade Policy Division (TPD) office in the Department of Trade (DOT), Ministry of Commerce (MOC) in Naypyitaw (Head Office) and Yangon, the Oct 1, 2020 · Under the new trademark law, one needs to protect their trademarks by registering their trademarks with the Myanmar Department of Intellectual Property (“MDIP”). To register as an e-commerce entity with the Ministry of Commerce, companies must: Be a registered company for conducting business under Myanmar company law. The partnership’s rights and obligations The Myanmar Companies Online registry is a fully electronic register that can be used to register and manage companies registrations. mm@gmail. Share Capital. Type of Companies. What you need to know. Myanmar Company Registration: Myanmar Companies Law MCL. File Size. Myanmar Company Registration. The applicant firm first must undergo a rigorous name inspection for legitimacy. MEMBER FIRM OF. (2) Declaration of registration. To register a company in Myanmar, an application with the Directorate of Investment and Companies Administration (DICA) must be submitted via the Myanmar Companies Online system (MyCO). The process involves submitting detailed documentation, including technical specifications, safety data, and evidence of compliance with local regulations. (2) Appointment of directors and shareholders. mm. Contrary to the rules and regulations stipulated in the Myanmar Companies Law (2017) and Association Registration Law (2022), we have received verbal indications that due to an internal policy by the State Administration Council (SAC), New company registrations can be completed via Myanmar Companies Online (MyCO), following the commencement of the Myanmar Companies Law (2017). mm (the web will be launched on 1st August 2018, at 9:00am) Step-2: Create a MyCO ID account with your information Step-3: After creating an account, LOGIN with your MyCO ID Step-4: In the system, for the new company registration select the respective Application requirements in Myanmar. Mar 24, 2017 · Whereas under the Myanmar Foreign Investment Law of 2012, a certain proportion of a company’s employees had to be Burmese citizens (25 percent within the first two years of a company’s set up, 50 percent for years three and four, and 75 percent within the fifth and sixth years), this is no longer the case under the new Myanmar Investment Apr 20, 2023 · Activating a Company Not Yet Re-registered. In Myanmar, as domestic legislations, IP rights are protectable under the following existing laws: Myanmar Penal Code (1861) The Specific Relief Act (1877) The Sea Customs Act (1878) The Registration Act (1909) A company or entity can be registered on Myanmar Companies Online (MyCO) in accordance with the Myanmar Companies Law (2017) and the Special Company Act (1950). Others Business Entities. Please note that 40% of the executive members need to be Myanmar nationals. available registration options for international non-profit organizations under the Myanmar Companies Law (2017). The Declaration of Ownership (“DOO”) recorded at the A Myanmar company has to be 100% owned and controlled by Myanmar citizens and the approval of the regulator, the Directorate of Investment and Company Administration (“DICA”), is required if a company wants to change its classification, which in practice is near impossible to obtain. 121. The second route is for incorporation according to the MCL and this may take one of the following forms: Limited Company. myco. These two laws describe how companies in Myanmar are formed and managed. While the distinction between a “Myanmar company” and Apr 21, 2023 · Once the MCL was passed, companies were required to re-register online via MyCO by January 31, 2019. dica. Application form for permit (Form A) 8. mm To make doing business in Myanmar easier, the Directorate of Investment and Company Administration (DICA) has published aguidebook on the DICA website on how to register your company. 4 An authorization letter must be given by the foreign A company in Myanmar can be formed as one of the following legal entities. (3) The applicant's NRC with photo (genuine and copy) (4) Copy of Notification letter for Vehicle Inspection from Myanmar Industry Development Committee. 3: Myanmar (Rank: 70) 83. FDA has revised product registration submission guidelines recently in February 2022. 32, Naypyidaw Phone: 067-406124, 067 406166. Company Registration in Yangon. 47 KB. The Company Registration shall be done by the DICA Section in one (1) day. 1 Registration Steps The Myanmar FDA accepts POM registration applications in their specific format and the ACTD type dossier. Login ဝင်ပါ။. For detail information on allowed share proportions for joint ventures, please visit the Company Registration Division at DICA or write an email to core. According to Myanmar Company Law 2017 and Insolvency Law 2020, a company can be closed down by three methods of liquidation. and sell pharmaceutical raw materials or drugs must register the relevant these with the FDA in the manner mentioned below. Therefore, it also has no specific IP Governing Body as yet. Obtain company registration forms from DICA or through the DICA website. This format can also be used for a joint venture company, a local company (public or private) or a foreign company. Foreign investors considering investment in Myanmar should only invest through a Owners of trademarks already registered with the Registry Office or used in Myanmar must re-file their trademarks with the Intellectual Property Department (“ IPD ”) via the online filing system under Order No. Regulatory for Generic drugs in Myanmar Oct 12, 2018 · Table of contents General requirements for setting up a company in MyanmarLegal entities open to foreign investor in MyanmarThe step-by-step process to company registration in MyanmarHow long does it take up pick up a company in Myanmar?Expand to Myanmar until outsourcingGetting initiated with businesses registration within MyanmarMyanmar has Nov 25, 2022 · Posted by Trial Expert. At least one shareholder and an authorized company representative are necessary to establish a representative office in Myanmar. TINs were stipulated in the Tax Administration Law 2019, but up until this notification there had been no clear mandatory Registered Companies. The Myanmar Companies Online registry is a fully electronic register that can be used to register and manage companies registrations. Myanmar Pesticide Regulatory Framework. Get In Touch. Procedures for Obtaining Exporter/Importer Registration Certificate. Notification No. For a foreign company, the applicant must be a resident representative of the company and need an authorization letter from the foreign manufacturer to the local party. Since it is not legally possible to register as a dormant company in Myanmar, the annual reporting process must be done annually unless the company is wind up and it will cost unnecessary expenses. It Jan 25, 2021 · An authorized representative who is a product license holder shall submit applications to register, and he needs to be a resident of Myanmar. Jul 12, 2018 · This mandatory company re-registration must be performed from 1 August 2018 to 31st January 2019, as the implementation period of the Myanmar Companies (Electronic Registry System and Miscellaneous Matters) Regulations 2018. 5 Cost 93. Established by DICA, MyCO acts as a public registry of all companies and entities registered under the Myanmar Companies Law (2017). If re-registration is not performed within the stipulated timeframe, the company’s name may be removed from the company The Myanmar Companies Online registry is a fully electronic register that can be used to register and manage companies registrations. At present, Myanmar has no IP Laws. These are the documents you’ll need to register the company (also at the CRO): (1) Two sets of Memorandum and Articles of Association duly stamped and printed both in Myanmar and English. Dec 8, 2023 · The company registration process in Thailand involves several steps, including name reservation, filing incorporation documents, and obtaining necessary licenses. PROUDLY SUPPORTED BY: The Myanmar Companies Online registry is a fully electronic register that can be used to register and manage companies registrations. New registration and ready-made options. The documents to be presented with the permit application include: (i) a company’s Otherwise, an overseas corporation is basically a Myanmar branch of a company that has been incorporated outside Myanmar. 6 Time 93. The current Myanmar pharmaceutical product registration Jul 26, 2018 · With the launch of the new Myanmar Companies Online (“MyCo”) registration system on 1 August 2018, all companies and branches under the old Companies Law and the Special Company Act must re-register in MyCo between 1 August 2018 and 31 January 2019. Apr 29, 2022 · A recent notification (No. Our team will reserve your company’s name for up to 30 days. The ORL will repeal the former Association Registration Law 2014 (“ ARL ”) enacted through the Pyidaungsu I. All registered companies and entities must re-register on the MyCo between 1 August 2018 and 31 January 2019. A foreigner can own 100 percent of the company, and there is no official minimum paid-up capital required. Feb 15, 2023 · A step-by-step guide to setting up a business in Myanmar. What is the minimum to start a Not-for-Profit company in Myanmar: Member – minimum of 1 member, can be a foreigner. Download. (5) Obtaining licenses and fulfilling Compliances. Call us today and schedule an appointment. Principle Office No-521, 6th Floor (602), Thu Mingalar Road, South Okkalapa Township 11091, 11th Ward, Yangon, Myanmar N OFFICEBetween 26th & 27th Street, 84 Street, 3rd Floor, Zay Cho East Wing, Chan Aye Thar Zan Township, Mandala. Yangon, erstwhile Rangoon, is the largest city and the most important commercial centre of Myanmar. Region. Wholly Owned Foreign Company: Also known as a limited liability company, a wholly owned foreign company in Myanmar requires 2 shareholders and 2 directors to set up. Edit Content. 11. If investors want to liquidate the business, they need to address to the chairman of the Myanmar Investment Commission attached with the following documents: Cover Letter (reasons for liquidation) Board of Directors' resolution. Furthermore, the company must inject USD $50,000 of minimum capital. Partnership. ”. Other documents to be provided by applicants: - Copy of passport of shareholder (if an individual) or. Liquidation Process. 513. Email Us. Principle Office No-521, 6th Floor (602), Thu Mingalar Road, South Okkalapa Township 11091, 11th Ward, Yangon, Myanmar YANGON (HEAD OFFICE) Company Registration Section Building No. The re-filing applications must be filed The Myanmar Companies Online registry is a fully electronic register that can be used to register and manage companies registrations. Foreign Ownership Restriction. With the following procedures, new company registration and re-registration can be applied: Step-1: www. Director – minimum of 1 director, must have a least 1 May 24, 2018 · Re-register or be ceased! Directorate of Investment and Company Administration (“DICA”) has issued a draft of the Companies Regulations 2018 called Myanmar Companies (Electronic Registry System and Miscellaneous Matters) Regulations 2018 (“Regulation”) with a commencement date of 1 August 2018. com” or “. Legal grounds. Nov 10, 2022 · On 28 October 2022, the State Administration Council (“ SAC ”) enacted the Organization Registration Law (“ ORL ”) via Notification No. Under the Myanmar Companies Law, every company in Myanmar is required to undergo an audit of their financial statements unless they are classified as a small company. (3) Registration with the Myanmar Investment Commission (MIC) (4) Registration with DICA. We look forward to growing with you by breaking down the conventional barriers in the region. Follow-up activities after incorporation. 46/2022 as per the Section 419 of the Constitution of the Republic of the Union of Myanmar. Be an online shop business and be registered as a “. Now, Myanmar company registration is under the Myanmar Investment Commission (MIC). LawPlus Ltd. Apply ကို နှိပ်၍ မိမိတို့၏ Online Sales အတွက် Registration Form များကို ဖြည့ The Myanmar Companies Online registry is a fully electronic register that can be used to register and manage companies registrations. 10. Details of Registered Companies From (20-10-2020) to (19-11-2020) 346. Form (13) Application for repatriation of funds. ကုမ္ပဏီများရှာဖွေရန်. Vehicles produced by Industrial Zones. Legal Framework The Myanmar Companies Act of 1914 and the Special Companies Act of 1950 are the two fundamental pieces of legislation that govern company registration in Myanmar. 100, Natmauk Road, Bahan Township, Yangon, Myanmar Send application (Softcopy) to: ggp9790@gmail. According to a recently revised Myanmar’s Company Act, foreigners are eligible to take up to 35 percent stake in a local company. Apply for Myanmar Investment Commission’s (MIC) permit. 9. Thereafter the Registrar will allow the submitting of the Annual Return that have to submit within 2 months after the company Online Sales. Call Us. Public Company Limited by Shares. They contain provisions on key matters such 4. Starting a Business - Myanmar Figure – Starting a Business in Myanmar – Score Procedures 70. 0095-9968586501. Directors’ resolution of applicant company. Myanmar July 12 2023. Feb 5, 2023 · Published by Bagan Consulting on February 5, 2023. For forming such a company, approval from the Myanmar Investment The Myanmar Companies Online registry is a fully electronic register that can be used to register and manage companies registrations. Jun 1, 2016 · On June 1, the fees to register a company and other related corporate documents will be revised in Myanmar. Process for Registering your Company in Myanmar. For Myanmar company registration, a business needs to be registered under the Myanmar Foreign Investment Law (MFIL). DICA ADDRESS: No. For companies that did not re-register on MyCO, the company’s name, old registration number, and registration date under the Myanmar Companies Act 1914 was recorded in MyCO, and the status of the company was set as “Not Yet Re-registered. Aug 20, 2017 · Company registration c erti cates for all types of companies in Myanmar ar e only valid for v e years. မိမိအသုံးပြုသော email (သို့) Mobile Phone Number ဖြင့် Sign Up (Register) ပြုလုပ်ပါ။. dica@mifer. Registration is the first step a businessperson will be required to take before incorporating a company or making an investment in Myanmar, whether that person is a citizen of Myanmar or a foreigner. new product registration process. capital 100. One needs to apply for a license from the MIC. 2. Partnership – Maximum 20 partners. 1, Thitsar Road, Yankin Township, Yangon Phone: 01-657891 Fax: 01-658135. Prior to enactment of the MCL, all companies were formed under the Myanmar Companies Act 1914, which was the primary law governing registration and Obtain company registration forms at DICA (or online) and pay stamp duty. dz ih wj ll us nx fy uk jd ha