Myanmar Legal Services

June 22, 2016

Author: Digital Kaway

Corporate secretarial services in Myanmar

In cooperation with local lawyers and our affiliated corporate service providers Myanmar Corporate Services, we provide clients with company corporate secretarial service in Myanmar and advises on the local rules and regulations in relation to annual maintenance requirements.

We assist clients to meet all of their compliance and administration requirements by ensuring that their records are professionally maintained and kept up to date and that all of their statutory filings are made. We regularly provide clients with updates on changes in Myanmar law relevant to their business and by advising them on how to implement required standards of corporate governance.

In particular, we understand the importance of maintaining ongoing company secretarial services to clients who are not resident in Myanmar and who do not travel there on a regular basis. Communicating electronically, we provide ongoing and prompt services to overseas clients in relation to various filings and remind them of all the relevant deadlines in relation thereto.

Myanmar Corporate Services | Our Services

Examples of Our company secretarial services in Myanmar include but are not limited to

the filing of annual returns,
notifications of change of address of registered office
change of secretary and director,
changes of particulars of secretary and director,
notifications of increase in nominal share capital,
returns of allotments,
the renewals of business registration certificates and
the convening of annual general meeting

Please contact us if you have any further questions about our corporate secretarial service in Myanmar.

Myanmar Company Registration

We provide Myanmar company registration services from either Bangkok or Yangon,

depending on your preference. Please contact us for a free consultation about your requirements of corporate secretarial service in Myanmar.

Myanmar offers two options to foreign investors registering a business entity in Myanmar. Such business activities that need substantial investments as manufacturing, construction, mining, hotels & resorts, agriculture and transportation have to be registered under the Myanmar Foreign Investment Law (MFIL) through the Myanmar Investment Council (MIC). The Myanmar Companies Act (MCA) allows foreign service providers to register companies for other services.

MIC companies are offered tax and non-tax incentives, but require a greater amount of capitalization and slightly longer and more documentations required.

Registration under the Myanmar Companies Act (MCA)

The entire application process takes about 2 months. However, at the moment there is an option available to get a temporary incorporation certificate within a few weeks of lodging the application to incorporate.

Once incorporated you will receive a ‘Permit to Trade’ that is valid for three years before it needs to be renewed.

Interactive will guide you through the process of choosing an appropriate corporate structure and

liaising with appropriate government agencies, as well as preparing the necessary documentation.

MCA Companies – Foreign Ownership

It is fully possible to own 100% of an MCA (as well as an MIC) company even if you are a foreigner. The implication of this is that you will not be able to operate certain kinds of businesses like trading or education. However, it is important to note that any Myanmar company registration with one or more foreign shareholders is automatically considered foreign except in rare cases that involve joint ventures with the government.

Minimum Capital Requirements

The minimum investment required by a foreign service company under the MCA is US$ 50,000. Half of this amount needs to be invested in the company upon approval of the incorporation application. The remaining half needs to be invested in the company within 1 year of incorporation.