Company Registration in Myanmar
At YKG Global, we offer end-to-end company registration services in Myanmar including primary due diligence and post-incorporation compliances, assisting you in understanding the complex requirements of the Myanmar Companies Law (2017). (DICA) the Directorate of Investment and Company Administration foreign company incorporation, and new registrations are completed online by the Myanmar Companies Online (MYCO) platform.
Benefits of Company Registration in Myanmar
Myanmar is a growing market with huge opportunities for businesses. After the Myanmar Companies Law (2017) in place, the registration process has become very easy and smooth, allowing local and foreigners to establish their presence in the country with ease. Whether you are starting a new business or expanding, the legal framework supports various types of business structures.
Types of Companies in Myanmar
- Private Company Limited by Shares
- Public Company Limited by Shares
- Company Limited by Guarantee
- Unlimited Company
- Business Association
- Public or Private Company Limited by Shares under the Special Company Act (1950)
- Overseas Corporation
Company registration process in Myanmar
- Check Name Availability: Check the availability of your desired company name on the DICA website.
- Create a MyCO Account: Sign up on the MyCO platform to begin the application process.
- Online Application: Submit your company details as directors' information, share capital, and contact details.
- Payment: Pay the required fee for registration.
- Incorporation Certificate: The certificate is generally issued within 7–10 working days.
- Information Required for Registration:
- Three proposed company names
- Passport copies of directors
- Directors' residential addresses
- Company contacts details
- Share capital and percentage allocation
Annual Return Filing Requirement
As per Section 97 of the Myanmar Companies Law, every registered company must file its first annual return (AR) with DICA within one month of incorporation through the MyCO platform.
How YKG Global will assist you in Company Registration in Myanmar
Our team ensures your company registration in Myanmar is completed smoothly, guiding you every step of the way. Let YKG Global take care of the legal complexities, so you can focus on growing your business.
End-to-end assistance: With YKG Global, you will get assistance from expert Chartered Accountants (CA) and Certified Practicing Accountants (CPA) who understand Canadian corporate laws and regulations. We handle the complete registration process and post-registration compliance with bank account support.
Online Process: You can register your company in Myanmar remotely and there is no need to visit Myanmar. At YKG Global, our team in Myanmar will handle the entire process, from due diligence and name reservation to obtaining incorporation certificates, and tax registrations. For the corporate bank accounts you may need to visit there, it depends on the bank's requirement.
Fast & Transparent Timelines: Once all documents are received, our team will conduct due diligence and reserve your preferred company name. after the company incorporation, our team will provide you with registration documents, and certificate of incorporation, and other key documents.
We will assist you in opening your bank account within 30 days of incorporation, providing you with all required forms and support for KYC (Know Your Customer) processes.
Customized Solutions according to Business Activities: YKG Global advises you to choose the best company structure that suits your business needs, whether it is a Private Limited company, public company, sole trader, branch office, or representative office. Our expert will advise you through the legal and operational implications of each type.
Over Four Decades of Expertise: With over 40 years of experience and a global presence in more than 40 countries, YKG Global has a very good understanding of Myanmar's business registration and compliance.
Global Connectivity and Strong Relationships: Our team has very strong relationships with banks and regulatory authorities enabling us to smoothen your entry into the Canadian market.
YKG Global will make your company registration in Myanmar a simple and hassle-free process.
