Registering a company in Myanmar is a structured process governed by the Myanmar Companies Law 2017 and regulated by the Directorate of Investment and Company Administration (DICA). Whether you're a local entrepreneur or a foreign investor, here’s a comprehensive guide to help you navigate the Myanmar company registration process smoothly.
1. Choose the Right Business Structure[/b]
The most common types of companies in Myanmar include:
Private Limited Company (Ltd):[/b] Suitable for small to medium-sized businesses.
Public Limited Company:[/b] For businesses planning to raise capital from the public.
Foreign Branch Office or Representative Office:[/b] For foreign companies looking to establish a presence without forming a local company.
2. Reserve a Company Name[/b]
The first formal step is reserving a unique company name through the MyCO online system (https://myco.dica.gov.mm/). You should ensure the name is not identical or similar to an existing registered company. The name reservation is usually approved within one to two working days.
3. Prepare Required Documents[/b]
You will need to gather and prepare the following:
Company constitution or model constitution (available from DICA)
Names and details of directors and shareholders (at least one director must reside in Myanmar)
Company address
Valid identification (NRC for locals, passport for foreigners)
Details of the company’s business activities and share capital
4. Online Registration via MyCO[/b]
Once your documents are ready, you can submit your application through the MyCO system. Registration fees depend on the company type, typically starting around MMK 150,000 for a private company. Payment can be made online, and you’ll receive a digital confirmation.
5. Receive Your Certificate of Incorporation[/b]
If your application is in order, DICA will issue a Certificate of Incorporation within 3–5 business days. This document officially confirms that your company is legally registered in Myanmar.
6. Post-Registration Requirements[/b]
After incorporation:
Register with the Internal Revenue Department (IRD)[/b] for a Tax Identification Number (TIN).
Open a corporate bank account.
Apply for other licenses depending on your sector (e.g., import/export, MIC permits).
Maintain statutory records and comply with annual filing requirements on MyCO.
Final Tips
While the registration process is relatively streamlined, it’s advisable to consult with a local corporate service provider or legal advisor to ensure full compliance, especially for foreign investors or complex business structures.
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As a seasoned global business setup consultant, I specialize in guiding entrepreneurs, SMEs, and corporations through the seamless process of company registration, compliance, and tax structuring across international borders. With expertise in navigating diverse regulatory frameworks, I ensure your business meets local licensing, reporting, and operational requirements while optimizing tax efficiencies to reduce liabilities. From market entry to entity restructuring, I provide tailored strategies that align with your growth objectives, mitigate risks, and maintain global compliance. With a focus on Myanmar company registration, I simplify complexity, saving you time and resources and unlocking sustainable opportunities worldwide. Let’s build a compliant, agile foundation for your global ambitions.
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