How do I set up a company in Myanmar?

Can foreigner open company 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.

Which business is best in Myanmar?

According to the campaign, the 2020 best corporate companies to work in Myanmar are

  • AYA SOMPO Insurance.
  • British American Tobacco Myanmar Ltd.,
  • CANAL+ Myanmar Ltd.,
  • Coca-Cola Pinya Beverages Myanmar Ltd.,
  • Cycle & Carriage Myanmar.
  • Get All Myanmar Co. Ltd.
  • Global Technology Group.
  • Grand Royal Group International Co. Ltd.

What are the steps to register a company?

How to Register a Company in India?

  1. Step 1: Digital Signature Certificate (DSC) …
  2. Step 2: Director Identification Number (DIN) …
  3. Step 3: Registration on the MCA Portal. …
  4. Step 4: Certificate of Incorporation.

How can I register a company online?

How to Register a Company Online – the Registration Process

  1. Step 1: Obtain DSC.
  2. Step 2: Apply for the DIN.
  3. Step 3: Application for the name availability.
  4. Step 4: Submission of MoA and AoA to register a private limited company.
  5. Step 5: Apply for the PAN and TAN of the company.
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How do I register my foreign company in Myanmar?

Registration of Foreign Companies

  1. Check availability of company name. …
  2. Obtain company registration forms from DICA or through the DICA website. …
  3. Submit signed company registration documents to DICA. …
  4. Pay registration fee. …
  5. Obtain temporary registration and Permit to Trade (if desired)

How many types of business are there in Myanmar?

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 …

Which business is most profitable 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.

Is Myanmar a good place to do business?

Yangon, Sagaing, Bago and Nay Pyi Taw have emerged as the best environments in which to do business in Myanmar, according to the Myanmar Business Environment Index 2020 (MBEI). … Results are analysed to produce an index for each state and region of Myanmar, establishing a benchmark for rating business-friendliness.

Can a foreigner buy property in Myanmar?

Foreign individuals and companies are not allowed to own real estate in Myanmar, except for condominiums, of which foreigners may own up to 40% of the total units of a condominium building.

What documents are required to register a company?

List of documents required before submission of a company:

  • Original copy of formal letter issued by ROC regarding availability of Company name.
  • Director Identity Number (DIN) of all those directors of a proposed company.
  • DSC – Digital Signature Certificate.
  • Form-1 for incorporation of a company.
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What are the documents required for registration of a company?

Documents Required for Company Registration

  • Passport.
  • Election Card or Voter Identity Card.
  • Ration Card.
  • Driving License.
  • Electricity Bill.
  • Telephone Bill.
  • Aadhaar Card.

Can I start a business without registering it?

You are allowed to operate a sole proprietorship without registering, but you are required to register with your local government to collect and file state taxes. There is nothing wrong with running an unregistered business as long as your business is legal and meets all licensing and tax requirements.

How can I start a private limited company?

How to register a Private Limited Company

  1. #1: Apply for DSC (Digital Signature Certificate)
  2. #2: Apply for the DIN (Director Identification Number)
  3. #3: Apply for the name availability.
  4. #4: File the EMoa and EAOA to register the private limited company.
  5. #5: Apply for the PAN and TAN of the company.