Company registration

1. Factsheet
GENERAL INFORMATION
Company type Company Limited
Timeframe for company formation 9 working days
Governing corporate legislation Myanmar Company Act The Myanmar Investment Commission is the
governing authority in the Myanmar and companies are regulated under
the Myanmar Companies Act
Legal system Common Law
Commercial Tax 5%
Corporate taxation 25%
Accessibility of records Limited
Time zone GMT +6:30
Currency Kyats
SHARE CAPITAL
Standard currency Kyats
Standard authorized capital USD 50,000 equivalent
Minimum paid up USD 50,000
SHAREHOLDERS, DIRECTORS AND COMPANY OFFICERS
Minimum number of Shareholders 2
Minimum number of Directors 2
Locally-based requirement Yes
Requirement to appoint Company Secretary No
520 Kabar Aye Pagoda Road, Excel Tower, Unit 0206, Bahan Township, Yangon, Myanmar.
Tel : (95)99-7533-0533 Email: yangonsetup@gmail.com Website : www.yangonsetup.com

2. Factsheet
ACCOUNTING REQUIREMENTS
Requirement to prepare accounts Yes
Requirement to appoint auditor Yes
Requirement to file accounts Yes (Financial year-end 31st
March, file before 30th June)
Accessibility of accounts No
DOCUMENT REQUIREMENTS
Certified copy of valid passport
Registered office address with ward recommendation letter
Company Phone Number
DOUBLE TAX TREATY
United Kingdom, Singapore, Malaysia, Vietnam, Thailand, India, South Korea, Laos.
COMPANY LICENSE
Valid for 5 years, renewal fee is USD 525
COUNTRY INFORMATION
Myanmar is situated in Southeast Asia by the Andaman Sea and has the shoreline from Bangladesh to Thailand Phuket. With
population of more than 55 million people rank 5th
in Asia. The Foreign Investment Law (Number 21/2012) was enacted in November
2012 and demonstrates the government’s commitment to creating a more liberal economy and encouraging foreign investment. The
GDP is growing over 7% for the past few years and is expecting growth to accelerate in the coming years due to the increase in the
foreign investment.
520 Kabar Aye Pagoda Road, Excel Tower, Unit 0206, Bahan Township, Yangon, Myanmar.
Tel : (95)99-7533-0533 Email: yangonsetup@gmail.com Website : www.yangonsetup.com

3. Factsheet
COUNTRY LOCATION
Myanmar is well located to cater the western continents countries, and the between the forthcoming economic giants India
and China. The upper north of Myanmar is located at the Himalaya Mountains where snows all year round and the southern
tip of Myanmar is next to Phuket and hundreds of islands is yet explored.
POLITICAL STRUCTURE
The country which had been under the rule of a military junta for decades and since 2012 when the market open to foreign investor, it
has held it first general elections on 8th
November 2015. The results gave the National League for Democracy an absolute majority of
seats in bother chambers of the national parliament, enough to ensure that its candidate would become president, while NLD leader
Aung San Suu Kyi is constitutionally barred from the presidency. The new parliament convened on 1st
February 2016 and on 15 March
2016, Htin Kyaw was elected as the first non-military president of the country since the military coup of 1962. On 6th
April 2016, Aung
San Suu Kyi assumed the newly created role of state counselor, a role akin to a Prime Minister.
520 Kabar Aye Pagoda Road, Excel Tower, Unit 0206, Bahan Township, Yangon, Myanmar.
Tel : (95)99-7533-0533 Email: yangonsetup@gmail.com Website : www.yangonsetup.com

4. Factsheet
ECONOMY
The last frontier as is called for Myanmar at a young but developing stage. Not only does the nation offer fertile and, bountiful
resources, and a strategic geographic location, but the Government is increasingly committed to encouraging foreign investment
through major economic and political reforms. The reform process began in 2011 and has successfully increased trade and FDI.
Although reforms have been successful in augmenting Myanmar’s economic growth and attracting foreign investment, the regulatory
environment remains complex. In 2012, Myanmar released the Myanmar Foreign Investment Law to address the rights and duties of
foreign investors. More recently, Myanmar has seen the passage of the Special Economic Zone Law which was passed in 2014,
offering numerous FDI incentives.
LANGUAGE
The primary language of Myanmar is Myanmar formerly known as Burmese. Corporate documents are acceptable in English.
FORMS OF ENTITY AVAILABLE FOR CORPORATE ESTABLISHMENT
• Representative Office/Branch Office
• Foreign Company (100% Wholly Foreign Owned Enterprise)
• Joint Venture/Partnership
• Association
• Various forms of cooperation between the government and private companies in regards to the BOT and
BTO schemes, as well as other schemes under a Joint Venture Agreement will require approval from MIC
approval.
INCORPORATION PROCEDURE (Foreign Company/Branch Office)
Step One
Provide us three Company name for name search availability and business description for the Myanmar Authority approval. For
Branch Office, the company name will be ended with (Branch Office).
Step Two
Sign and submit the application will be able to collect the Temporary Certificate of Incorporation and Form One 4 days later.
Step Three
With the Temporary Certificate of Incorporation, we immediately setup the company bank account for the remittance of capital
brought in capital 50,000 USD. You have the option to remit 25,000 USD within six months after the Temporary Certificate of
Incorporation is issued and the other half of 25,000 USD must be remitted within one year once the actual Certificate of
Incorporation is issued.
Step Four
Once the Capital is remitted, the Temporary Certificate of Incorporation will be converted to the actual Certificate of Incorporation is
valid for 5 years.
520 Kabar Aye Pagoda Road, Excel Tower, Unit 0206, Bahan Township, Yangon, Myanmar.
Tel : (95)99-7533-0533 Email: yangonsetup@gmail.com Website : www.yangonsetup.com

5. Factsheet
INCORPORATION TIMEFRAME
12 working Days
INTELLECTUAL PROPERTY
Myanmar does not currently have any specific trademark laws. However the Penal Code protects the owner of a mark from the use of
the mark by others. The only way to register Trademark is by registering with the Registration of Deeds.
520 Kabar Aye Pagoda Road, Excel Tower, Unit 0206, Bahan Township, Yangon, Myanmar.
Tel : (95)99-7533-0533 Email: yangonsetup@gmail.com Website : www.yangonsetup.com