4 Types of Company in Myanmar

LLC - Limited Liability Company

Companies may be a limited liability company, whether public or private sector in Myanmar. It must be a limited liability private companies at least two shareholders, and must be of the corporation, have at least seven shareholders. There is currently no foreign public limited liability company in the country. Companies can with limited liability with 100% foreign investment.

There are two types of company in Myanmar: the company, which received approval from the Commission of Myanmar Investment (often called the MIC Inc.) or standard company that is registered under the Companies Act Myanmar (often called MCA Inc. or Decca company to be registered with the Directorate of Investment and Management.) and the difference between these two types of companies is that companies have a minimum microphone higher capital requirements are usually large companies that operate in large projects. Eligible for investment incentives under the Foreign Investment Law Mic companies, while companies MCA is not.

Branch registered Company

Opening a branch in Myanmar Company Registration, you do not need to get permission from the MIC if registered under the Military Commissions Act, and the development of the presence in Myanmar is less time consuming and difficult. It may also be companies under this structure to be registered as manufacturing or services. Foreign branches are taxed in the tax on top of regular corporate company 35 percent compared with the rate of 25 percent per year for companies incorporated under the CA or MFIL with.

Representative Office Company

Do not allow representation offices for conducting business activities that generate direct income Myanmar or within a limited basis in their jobs. However, it is relatively easy to configure. The representative office is able to work as a link between its headquarters abroad and no market research on the ground, and establish a presence without profit through this representative office performance projects in particular.

Joint venture Company

It can form joint ventures in partnerships or limited liability companies with the people of Myanmar, a private company, cooperative or state enterprise.

Other terms

Myanmar is at an important political and economic crossroads. Spearheaded by the reform-minded government of President Thein Sein, Myanmar has set a path toward a more liberalized democracy, greater political reconciliation, and the promotion of a mixed, internationally linked economy.A critical component of these economic reforms is the promotion of foreign direct investment, primarily through the enactment of new or otherwise updated laws focused on the easing or removal of traditional restrictions on foreign investment. In addition to a number of other business-related laws, the government has substantially revised the Foreign Investment Law in late 2012 and has been active in its efforts to update the archaic Myanmar Companies Act. These ongoing efforts are creating a better business environment—one that is arguably more open to foreign investment than China and Thailand, two neighbors with an established reputation of attracting foreign investors.The reaction of the international community has been positive, prompting the lifting of economic sanctions by Western nations and resulting in substantial interest and action by foreign investors. According to the Directorate of Investment and Company Administration (DICA), since passage of the Foreign Investment Law in November 2012, the rate of foreign investment has increased fivefold, with foreign direct investment expected to exceed USD 3 billion in 2013. There has been a similar spike in company formations in Myanmar, with an estimated 20,000 jobs created in the current fiscal year.In the current environment of reform and economic opportunity, many foreign investors have naturally turned to Myanmar as a green field upon which to develop future business. This article introduces potential investors to relevant legal provisions regulating company formation and seeks to address some of the most frequently asked investor questions.

Myanmar is at an important political and economic crossroads. Spearheaded by the reform-minded government of President Thein Sein, Myanmar has set a path toward a more liberalized democracy, greater political reconciliation, and the promotion of a mixed, internationally linked economy.

A critical component of these economic reforms is the promotion of foreign direct investment, primarily through the enactment of new or otherwise updated laws focused on the easing or removal of traditional restrictions on foreign investment. In addition to a number of other business-related laws, the government has substantially revised the Foreign Investment Law in late 2012 and has been active in its efforts to update the archaic Myanmar Companies Act. These ongoing efforts are creating a better business environment—one that is arguably more open to foreign investment than China and Thailand, two neighbors with an established reputation of attracting foreign investors.

The reaction of the international community has been positive, prompting the lifting of economic sanctions by Western nations and resulting in substantial interest and action by foreign investors. According to the Directorate of Investment and Company Administration (DICA), since passage of the Foreign Investment Law in November 2012, the rate of foreign investment has increased fivefold, with foreign direct investment expected to exceed USD 3 billion in 2013. There has been a similar spike in company formations in Myanmar, with an estimated 20,000 jobs created in the current fiscal year.

In the current environment of reform and economic opportunity, many foreign investors have naturally turned to Myanmar as a green field upon which to develop future business. This article introduces potential investors to relevant legal provisions regulating company formation and seeks to address some of the most frequently asked investor questions.

Myanmar is at an important political and economic crossroads. Spearheaded by the reform-minded government of President Thein Sein, Myanmar has set a path toward a more liberalized democracy, greater political reconciliation, and the promotion of a mixed, internationally linked economy.

A critical component of these economic reforms is the promotion of foreign direct investment, primarily through the enactment of new or otherwise updated laws focused on the easing or removal of traditional restrictions on foreign investment. In addition to a number of other business-related laws, the government has substantially revised the Foreign Investment Law in late 2012 and has been active in its efforts to update the archaic Myanmar Companies Act. These ongoing efforts are creating a better business environment—one that is arguably more open to foreign investment than China and Thailand, two neighbors with an established reputation of attracting foreign investors.

The reaction of the international community has been positive, prompting the lifting of economic sanctions by Western nations and resulting in substantial interest and action by foreign investors. According to the Directorate of Investment and Company Administration (DICA), since passage of the Foreign Investment Law in November 2012, the rate of foreign investment has increased fivefold, with foreign direct investment expected to exceed USD 3 billion in 2013. There has been a similar spike in company formations in Myanmar, with an estimated 20,000 jobs created in the current fiscal year.

In the current environment of reform and economic opportunity, many foreign investors have naturally turned to Myanmar as a green field upon which to develop future business. This article introduces potential investors to relevant legal provisions regulating company formation and seeks to address some of the most frequently asked investor questions.

Myanmar is at an important political and economic crossroads. Spearheaded by the reform-minded government of President Thein Sein, Myanmar has set a path toward a more liberalized democracy, greater political reconciliation, and the promotion of a mixed, internationally linked economy.

A critical component of these economic reforms is the promotion of foreign direct investment, primarily through the enactment of new or otherwise updated laws focused on the easing or removal of traditional restrictions on foreign investment. In addition to a number of other business-related laws, the government has substantially revised the Foreign Investment Law in late 2012 and has been active in its efforts to update the archaic Myanmar Companies Act. These ongoing efforts are creating a better business environment—one that is arguably more open to foreign investment than China and Thailand, two neighbors with an established reputation of attracting foreign investors.

The reaction of the international community has been positive, prompting the lifting of economic sanctions by Western nations and resulting in substantial interest and action by foreign investors. According to the Directorate of Investment and Company Administration (DICA), since passage of the Foreign Investment Law in November 2012, the rate of foreign investment has increased fivefold, with foreign direct investment expected to exceed USD 3 billion in 2013. There has been a similar spike in company formations in Myanmar, with an estimated 20,000 jobs created in the current fiscal year.

In the current environment of reform and economic opportunity, many foreign investors have naturally turned to Myanmar as a green field upon which to develop future business. This article introduces potential investors to relevant legal provisions regulating company formation and seeks to address some of the most frequently asked investor questions.

Myanmar is at an important political and economic crossroads. Spearheaded by the reform-minded government of President Thein Sein, Myanmar has set a path toward a more liberalized democracy, greater political reconciliation, and the promotion of a mixed, internationally linked economy.

A critical component of these economic reforms is the promotion of foreign direct investment, primarily through the enactment of new or otherwise updated laws focused on the easing or removal of traditional restrictions on foreign investment. In addition to a number of other business-related laws, the government has substantially revised the Foreign Investment Law in late 2012 and has been active in its efforts to update the archaic Myanmar Companies Act. These ongoing efforts are creating a better business environment—one that is arguably more open to foreign investment than China and Thailand, two neighbors with an established reputation of attracting foreign investors.

The reaction of the international community has been positive, prompting the lifting of economic sanctions by Western nations and resulting in substantial interest and action by foreign investors. According to the Directorate of Investment and Company Administration (DICA), since passage of the Foreign Investment Law in November 2012, the rate of foreign investment has increased fivefold, with foreign direct investment expected to exceed USD 3 billion in 2013. There has been a similar spike in company formations in Myanmar, with an estimated 20,000 jobs created in the current fiscal year.

In the current environment of reform and economic opportunity, many foreign investors have naturally turned to Myanmar as a green field upon which to develop future business. This article introduces potential investors to relevant legal provisions regulating company formation and seeks to address some of the most frequently asked investor questions.

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