DICA cut off company registration fee for private companies

The Directorate of Investment and Company Administration has announced wide-ranging changes to Myanmar company registration fees that will make life easier for start-ups while raising the bar for public companies.

Director general U Aung Naing Oo told The Myanmar Times yesterday that the goal is to encourage more small and medium enterprises “run by those who really want to do business”. The new charges come into effect on June 1.

What you need a Company Registration in Myanmar (Burma)?

Company Registration in Myanmar (Burma)

Registration is the first step a businessperson will be required to take before making an investment or company incorporation in Myanmar, whether that person is a citizen of Myanmar or a foreigner. In accordance with the Myanmar Companies Act of 1914 and the Special Companies Act of 1950, a company may be registered in one of the following forms:

•  As a private OR public company by Myanmar citizens
•  As a foreign company OR branch of a foreign company
•  As a joint venture company
•  As an association/nonprofit organization

First steps include:

• Check availability of company name at DICA

• Obtain company registration forms at DICA & pay stamp duty

• Submit form and Pay company registration fee

Related : Corporate Secretarial Service in Myanmar


Investment Application (MIC)

The Myanmar Investment Commission (MIC) is responsible for verifying and approving investment proposals and regularly issues notifications about sector-specific developments. The MIC is comprised of representatives and experts from government ministries, departments and governmental and non-governmental bodies.

• Use the DICA website to retrieve information on requirements for your MIC permit application
• First, investors must first submit a proposal to the Myanmar Investment Commission
• If the proposal meets the criteria, it will be accepted within 15 days
• If accepted, the MIC will review the proposal and reach a decision within 90 days.