1. Overview of Myanmar Company Act 2. Company Registration Procedures 3. Check the Company Name 4. Application Forms and Other Related documents for Joint Venture Co. 5. Preparation for Memorandum of Association and Articles of Association 6. Paying Registration Fees and Stamp Duty Fees 7. Obtaining Temporary Incorporation Certificate and Temporary Permit to Trade Issued by DICA 8. Paying Registration Fees and Stamp Duty Fees 9. Required Documents for Opening Bank Account 10. Transferring Minimum Capital to Bank Account 11. Obtaining the Permanent Certificates

1. REGISTERING JOINT VENTURE COMPANY IN MYANMAR
AND OBTAINING A PERMIT TO TRADE
UNDER THE MYANMAR COMPANIES ACT 1914
Presented by
DAW KHIN KHIN ZAW
Partner
4th JUNE 2015
YANGON INTERNATIONAL HOTEL

2. 1
Presentation Topics
1. Overview of Myanmar Company Act
2. Company Registration Procedures
3. Check the Company Name
4. Application Forms and Other Related documents for Joint Venture Co.
5. Preparation for Memorandum of Association and Articles of Association
6. Paying Registration Fees and Stamp Duty Fees
7. Obtaining Temporary Incorporation Certificate and Temporary Permit to
Trade Issued by DICA
8. Paying Registration Fees and Stamp Duty Fees
9. Required Documents for Opening Bank Account
10. Transferring Minimum Capital to Bank Account
11. Obtaining the Permanent Certificates

3. 2
Overview of Myanmar Companies Act
 Myanmar Companies Act came into force from 1st April 1914 was enacted
by India Act VII of 1913.
 The Myanmar Companies Act 1914 and Myanmar Companies Rules 1940
govern the activities of both local and foreign companies wishing to carry
on business in Myanmar.
 Joint Venture Company incorporated between companies or as a special
company between individual/company and a government department
formed under the Special Company Act 1950.
 Now, measures have been taken to draft new Company Law which to be in
line with current situation with the assistance of Asian Development Bank.

4. 3
Forms of Business Organization
Business
Organization
Company
Branch/
Representative
Company
Joint Venture
Company
Partnership
Private Public

5. 4
Company Registration Procedures
Filing Application for
Company Registration
with CRO under
DICA
Temporary Certificate
of Incorporation
Payment of 50% of
Registered Capital
Certificate of
Incorporation

6. 5
Check the Company Name
 Check Availability of Company Name
 Submit Name Check Form (simple form of DICA)
 Name in English and Myanmar versions
 Attached Business Activities to Operate in Myanmar

7. 6
Application Forms For Joint Venture Company
 Application Cover Letter
 Declaration of Registration
 Registered Office Address Form
 Directors List Details (form 26)
 Application Form for Permit (Form A)
 Declaration of Legal and Official Version of the Documents
 Statement of Company Objectives
 Memorandum and Articles of Association
 Undertaking Letter not to conduct Trading Business in Myanmar.
(For Foreign Companies)

8. 7
Other Related documents…
Passport Copies of Shareholders/ Directors (Foreign),
National Registration Card (NRC) of Local Directors
Copies of Board of Directors’ Resolution
Company Profile
Copies of Joint Venture Agreement (if any)
For Individual
For Company

9. 8
Preparation for Memorandum Of Association
(MOA) and Articles Of Association (AOA)
 Two sets of Memorandum and Articles of Association duly
printed both in Myanmar and English Versions
 Confirmation for the draft of MOA and AOA at
Company Registration Office
 Attached with any License of Auditor or Advocate who
signed on MOA and AOA
 Getting Signatures of Shareholders and Directors

10. 9
Paying Registration Fees and Stamp Duty Fees
 Registration fees 1,000,000 kyats to One Stop Services
counter.
 Paying Stamp Duty Fee depend on Nominal Share Capital
directly to Revenue Department/ Revenue Office.

11. 10
Obtaining Temporary Incorporation Certificate and
Temporary Permit to Trade issued by DICA
 Submitting the Completed and Signed Application Forms to
Company Registration Office
 Obtaining Temporary Permit to Trade and Temporary
Certificate of Incorporation issued by DICA
 Term for the such documents is Six Months only.

12. 11
Temporary Certificate of Incorporation

13. 12
Temporary Permit to Trade

14. 13
Required Documents for Opening Bank Account
 Recommendation Letter from Company Registration Office.
 Copy of Temporary Certificate of Incorporation
 Copy of Temporary Permit to Trade
 Copies of Memorandum of Association (MOA) and Articles of
Association (AOA)
 Copy of Directors List (Form 26 )
 Copy of the Board of Directors’ Resolution

15. 14
Transferring Minimum Capital to Bank Account
 Capital Transaction to the bank account with relevant bank
 Obtain Conditions Letter issued by DICA
 Bank Credit Advice/Bank Statement which shown Transfer of
Minimum Capitals issued by Bank

16. 15
Obtaining the Permanent Certificates
 Submitting the Previous Mentioned Documents to DICA
 Confirmation Letter of Ward Administration Office that mentioned
Business is actual running at the Proposed Address of the Company.
 Obtaining Permanent Certificate of Incorporation and Permit to
Trade. Term is Five (5) Years and need to renew within Three Months
before Expired Date.

17. 16
Certificate of Incorporation

18. 17
DICA Permit

19. 18
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