Traditional Culture Encyclopedia - Hotel accommodation - Myanmar has opened a company.
Myanmar has opened a company.
What are the requirements for company registration in Myanmar?
The new company law of Myanmar was promulgated in August 20 18, which is mainly applicable to foreign companies investing or establishing joint ventures in Myanmar. Companies are divided into three forms: foreign-funded companies, joint ventures and offices. Foreign-funded companies are the easiest. All three forms of companies can choose to register according to the Myanmar Company Law or the Foreign Investment Law of the Union of Myanmar.
Foreign companies (100% foreign companies)
For foreign investors, a more independent and flexible investment method requires the establishment of a fully owned and controlled limited liability company. Foreign companies have a lower threshold in service industries such as hotels, restaurants, consultants and installation. If the threshold is higher in import and export trade, production and other industries, the government of registered companies has lowered the threshold to attract foreign investment, and registered companies only need 1 legal person and 1 passport. Registered capital does not need to be paid in.
I. Registered name of registered Myanmar company:
After the investor draws up the company name, he entrusts the service company to apply to the government DICA registration authority for approval of the company name. (You can register in English and Burmese) If you have the same name, you must change your name until the computer determines that it is not registered. To register a Myanmar company, you need to provide the company name in English and Burmese, and the name must end with Ltd or Company Limited.
Registration information of registered Myanmar company:
Two. Name of the company to be selected (English)
Individuals: the identity documents of shareholders/directors (such as passports, ID cards), the email address of directors, and a copy of proof of address;
Company: Company registration information, directors' passports, company resolutions and other complete sets of documents.
Note: All the above documents must be translated into Burmese.
Three. Registration process for registering Myanmar companies:
Name of audit (1-2 working days)-providing required information-signing POA-handling business license (about 1 week)-opening a formal account (1 directors need to be appointed and present; It is recommended to open an account in a local bank in Myanmar within 3 working days)-information registration of shareholders and directors-approval by the local district Committee (production enterprise).
The whole process takes about 10-20 working days.
Myanmar is a friendly neighbor of China, and the economic and trade relations between the two countries are relatively close. It is in China's interest to maintain a certain scale of investment in Myanmar, which will bring certain benefits to China not only strategically but also economically.
Our company specializes in overseas company registration services, and has set up offices in more than 0/00 countries around the world to provide customers with the best service guarantee.
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