Dica myanmar companies act

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. In accordance with the Myanmar Companies Law 2017, 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

INITIAL STEPS

Check availability of company name at MyCO

Fill company registration forms at MyCO

Submit form and Pay company registration fee

Investment application

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.

Process

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 60 days.