Local Company is regulated under the Myanmar Company Act and is unliked Foreigner Company where is restricted in many industry and only upon approval from Myanmar Investment Commission before they can commence their business. Local company is required to apply license where is neccesary and as for restaurant, shop and small trading business are not necessary to incorporate a company to operate. There is no fee privilege for local company incorporation but the process to incorporate is much more easier and less time consuming.
Certificate of Incorporation can be attained within 3 days and if license is required such as tourism license, Import/Export license, Industry license, FDA registation, trademark registration and etc, company documents will be required and process accordingly.
To incorporate a local company, the following requires;
1) One Passport or Myanmar Identical card
2) Registered office address
3) Office phone number