Company incorporation documents in Myanmar

The expansion of business activities to the international market is becoming an inevitable trend in the context of deep economic integration. Among emerging markets, Myanmar has emerged as an attractive investment location with strong economic development potential, abundant resources, and a potential consumer market. This has attracted increasing interest from the Vietnamese business community as well as other parts of the world who are looking for investment opportunities and market expansion. However, preparing the application for establishment and setting up a business in another country requires thorough preparation. Viet An Law would like to guide you to prepare a company establishment dossier in Myanmar through the article below.

Dossier of request for looking up the name of a company incorporation in Myanmar

Composition of the dossier includes

• Name Test Form:
  • This form can be purchased directly at the headquarters of the Directorate of Investment and Company Administration (DICA).
  • Or, for more convenience, you can download this form from the official website of DICA via the link below:

https://www.dica.gov.mm/sites/dica.gov.mm/files/uploads/pdf/name_check_form_f.pdf

• Copy of National Registration Card (NRC)

Fees: 1,000 kyats

Documents required to incorporate a company in Myanmar

Composition of the dossier includes

• Letter of Offer for Registration: This letter expresses the client’s official desire to establish a company in Myanmar.
• Registration Declaration (Form No. 1): This form is provided by the Department of Investment and Companies Administration (DICA). You can buy it directly at the DICA headquarters or download it from the official DICA website. Depending on the type of company, there will be different application forms, customers can refer to the following link: https://www.myco.dica.gov.mm/public/prescribedforms.aspx
• Registered Office Address Declaration: Provides detailed information about the address of the company’s headquarters in Myanmar.
• Inventory of the company’s operational objectives: Clearly describe the business areas in which the company intends to operate.
• Details of Directors (Form No. 26): Provides personal information of all directors of the company.
• Directors’ Contact Information Return: Provides the directors’ contact information.
• Articles of incorporation: This document records the initial agreement between the founding members on the establishment of the company.
• Charter of the company’s operation: This document details the organizational structure, operation and internal management of the company.
• Copies of national registration cards (NRCs) of directors

Fees for filing for company incorporation in Myanmar

After the application is approved, customers will be issued a Certificate of Establishment.

Documents to be prepared after incorporate a company in Myanmar

Things to do after setting up a company in Myanmar

• Confirm the registered headquarters address: Within one month from the date of registration, the company needs to officially confirm the registered headquarters address with the local authorities. This is to ensure the accuracy of information and comply with regulations on administrative management.
• Disclosure of incorporation information (subject to regulations): Depending on the type of company and applicable regulations, the company may need to disclose information about its incorporation in official media, such as the press.
• Opening a corporate bank account: Opening a bank account for a company is mandatory to carry out legitimate financial transactions. The company needs to choose a bank licensed to operate in Myanmar and prepare all the documents required by the bank. The dossier includes: Bank account registration form at the link below:

https://www.dica.gov.mm/sites/dica.gov.mm/files/uploads/pdf/form_26.pdf

• Registration of tax identification number: The company needs to register a tax identification number with the tax authority of Myanmar to fulfill the obligation to pay taxes in accordance with the law.
• Preparation for the issuance of shares (if any): If the company plans to issue shares to the public or to investors, it is necessary to prepare complete documents in accordance with the regulations of the Securities and Exchange Commission of Myanmar (SECM) and submit the documents for approval. This profile usually includes a prospectus that provides detailed information about the company.
• Register business licenses (if any): Depending on the business line, the company may need to apply for additional sub-licenses or specialized licenses from relevant state management agencies. For example, if the company operates in the field of import and export, it is necessary to register with the customs authority.
• Registration with relevant organizations (if applicable): Some professions may require registration with specialized organizations or associations.

Customers who need assistance in preparing documents for company establishment in Myanmar, please contact Viet An Law for specific instructions.