How do I register my foreign company in Myanmar?

How do I register a company in Myanmar?

Registration of Myanmar private companies

  1. Check availability of company name at DICA. Submit signed name check form to DICA. …
  2. Obtain company registration forms at DICA and pay stamp duty. …
  3. Submit signed company registration forms at DICA and pay registration fees. …
  4. Obtain company incorporation certificate at DICA.

How much does it cost to register a company in Myanmar?

The company registration fee is 150,000 Kyats for all types of private companies and 2,500,000 Kyats for public companies.

What is foreign company in Myanmar?

Such a company could be a foreign company registered in Myanmar or by means of a branch office or representative office formed outside Myanmar. If one share is owned by a foreign partner, the company shall come under the definition of a foreign company, and shall apply and obtain a Permit before registration.

Can you register a company as a foreigner?

Generally, there are no restrictions on foreign ownership of a company formed in the United States. The procedure for a foreign citizen to form a company in the US is the same as for a US resident. It is not necessary to be a US citizen or to have a green card to own a corporation or LLC.

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What small business should I start in Myanmar?

Small business ideas in Myanmar

  • Convenient store. In a convenient location stocking a limited range of household goods and groceries could be a handy but good venture. …
  • Travel agency. …
  • Cell phone loading or recharge shop. …
  • Tea stall. …
  • Tuition center. …
  • Juice kiosk. …
  • Tailoring shop. …
  • Mobile food stations.

How can I check my company name in Myanmar?

Sign In to the Registry

Using MyCO you can register your company and find information on all companies that are registered in Myanmar. Searching for companies in MyCO is simple and free. Simply use the Company Name or Registration Number in the section below to start.

Can foreigners do business in Myanmar?

The Myanmar representative office

Local regulations stipulate that foreign companies can open representative offices in Myanmar. While the representative office can be 100% foreign owned, it is not allowed to pursue production-related or commercial activities in Myanmar.

What business should I do in Myanmar?

Key Business Opportunities in Myanmar

  • Agriculture. Myanmar’s economy is based on agriculture as the country consists of abundant fertile land and water resources. …
  • Tourism. …
  • Real Estate and Urban Solutions. …
  • Manufacturing. …
  • Power.

31.10.2019

How do I find a company registration number?

You can find your company registration number in several places:

  1. On the company’s certificate of incorporation. …
  2. Emails or other correspondence from your company formation agent or accountant. …
  3. On a change of company name certificate. …
  4. Any official letters or other documentation received from Companies House.

18.02.2019

How many companies are there in Myanmar?

Myanmar Number of Registered Companies data was reported at 93,935.000 Unit in 2018. This records an increase from the previous number of 80,936.000 Unit for 2017. Myanmar Number of Registered Companies data is updated yearly, averaging 26,769.000 Unit from Mar 1991 to 2018, with 21 observations.

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Can US companies do business in Myanmar?

Across Myanmar, U.S. companies and brands have been welcomed. For Myanmar, the U.S. represents the highest standards in corporate governance and workforce education.

What is private limited company in Myanmar?

A private company limited by shares is incorporated under the Myanmar Companies Law 2017 (CL). The CL is the main legislation governing incorporation, registration, corporate governance and reporting requirements of private companies. … It must also have at least one director who must be ordinarily resident in Myanmar.

Which is the best country to start a business?

  • Singapore. #1 in Start a Business Rankings. …
  • Indonesia. #2 in Start a Business Rankings. …
  • Mexico. #3 in Start a Business Rankings. …
  • United States. #4 in Start a Business Rankings. …
  • Malaysia. #5 in Start a Business Rankings. …
  • India. #6 in Start a Business Rankings. …
  • Vietnam. #7 in Start a Business Rankings. …
  • Canada.

What are the most successful small businesses?

Most profitable small businesses

  • Personal wellness. …
  • Courses in other hobbies. …
  • Bookkeeping and accounting. …
  • Consulting. …
  • Graphic design. …
  • Social media management. …
  • Marketing copywriter. …
  • Virtual assistant services. Finally, last on our list of the most profitable small businesses: virtual assistant services.

What is the first thing to do when starting a business?

  1. Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business. …
  2. Write your business plan. …
  3. Fund your business. …
  4. Pick your business location. …
  5. Choose a business structure. …
  6. Choose your business name. …
  7. Register your business. …
  8. Get federal and state tax IDs.
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