How To Make Company Registration In Myanmar
In Myanmar a new trademark system is being implemented. The Myanmar Companies Law 2017 which came into force in August 2018 allows Myanmar companies to have up to 35 foreign shareholding without charging the legal status of the company to be foreign-owned and technically tat local Myanmar company with 35 foreign ownership may own immoveable properties such as land.
Nyan Zay HtetThe Myanmar Times.
How to make company registration in myanmar. Apply to have your trademark registered in Myanmar. Myanmar is one of the largest southeast Asian country with a population of 53 million as per the statistics available for 2019. One needs to apply for a license from the MIC.
Submit signed application documents to DICA. Create a MyCO ID account with your information. Follow-up activities after incorporation.
New trademarks can be filed under the new system starting March 2021. Based on the new Myanmar Companies Law that become effective 1st August 2018 the followings are the 2 most common form of legal entity use by foreign investors to setup a legal entity in Myanmar. Obtain application documents from DICA or through the DICA website.
1Apply for Myanmar Investment Commissions MIC permit. Pa-Tha-Ka first time registration fees and others additional fees are listed below. A company limited by shares is required to register.
Currently only trademarks already registered with the previous system can be filed under this new system. Of companies that is both for companies run by citizens of Myanmar and f or foreign c. Inject 50 of capital into your business.
Company incorporation is carried out by DICA in accordance with the provisions of the Myanmar Companies Law 2017. Foreign companies that want to protect their trademark must first register them under the archaic Registration Act of 1908. Check and 5100 kyats for the company r egistration.
10 tips to open a company in Myanmar. Myanmar Company Registration for Not-for-Profit Organization. With the following procedures new company registration and re-registration can be applied.
How to Register a Business Learn about set up a business. Such a company could be a foreign company registered in Myanmar or by means of a branch office or representative office formed outside Myanmar. For foreign companies that need to get an import licence or get business permit from the various Myanmar ministries that are issued only to Myanmar.
And investment proposal applications come under the Myanmar Investment Commission DICA is the secretariat of the MIC. Private Company whose liability is limited by guarantee. Submit a list of directors and shareholders.
Company registration fees have been halved to facilitate new businesses. Step 2 Obtain company registration forms at DICA and pay stamp duty 3 Obtain company registration forms at DICA 4 Pay stamp duty at One Stop Service. Wwwmycodicagovmm the web will be launched on 1st August 2018 at 900am Step-2.
For foreign enterprises the most normal method of doing business in Myanmar is through a limited company. Process for Registering your Company in Myanmar. Following are the steps listing how to register a company under MFIL.
The registration period is only valid for 5 years. After creating an account LOGIN with your MyCO ID. Name-check form bought from DICA or downloaded from DICA website 2.
Creating a Company in Myanmar. This form is ideal for Commercial For-Profit organization. A new easy to read guideline on how to register a company is now available online on the website of DICA.
For Myanmar company registration a business needs to be registered under the Myanmar Foreign Investment Law MFIL. Submit completed and signed application documents to DICA. Whereas previously you needed to visit DICA personally now you can.
Get an official company seal. The fees can be paid through the licensing payment services of the Myanmar Citizen Banks deposit account or the Myanmar Payment Union through Point of Sales POS device. There is no modern trademark law in Myanmar.
Until a modern trademark law has been passed by Parliament the best course of action is to register your trademark at the Yangon Office of Registration of Deeds. 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. The fees are yet to be announced.
Pay stamp duty and registration fee. Company registration fees for small and medium enterprises SMEs will be halved from K500000 to K250000 from April 1 onwards according to a statement issued by the Directorate of Investment and Company Administration DICA Tuesday. New company registrations can be completed via Myanmar Companies Online MyCO.
Copy of national registration card. Based on the new Myanmar Companies Law that become effective 1st August 2018 the followings are the 2 most common form of legal entity use by Not-for-Profit Organization to setup a legal entity in Myanmar. Registrations fees ar e the same for all types.
Private Company whose liability is limited by share.
