Partnership is two or more individual from different domicile (such as Foreigner and Burmese) entering into business venture with contractual arrangement. Partnership can be register under Myanmar Companies Act regulated under the Myanmar Foreign Investment Law. 

  

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COMPANY NAME SEARCH
 Company name must end with "Limited" or "Company Limited”. A company name search should be carried out to check availability before company registration  

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CAPITAL REQUIREMENT
 There is no minimum capital requirement. 

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OFFICE ADDRESS
Registered office address is required for company registration, if you have yet to find a suitable physical office address, you may consider using a virtual office address either on a temporary or permanent basis.    

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DIRECTOR
  Minimum one director is required and one of the directors of the company must be a resident. Resident director can be foreigner or Myanmar citizen as long as the resident director resides in Myanmar for more than 183 days within 12 months period.

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SHAREHOLDER
Minimum one shareholder. Shareholder can be a natural person or corporate shareholder. 

  

ANNUAL RETURN (DECLARATION OF THE COMPANY STATUS)
  Newly incorporated company must submit an Annual Return (AR) within two months and thereafter every 12 months. Late submission will incur penalties. 

  

COMMERCIAL TAX
  Registration of commercial tax is required unless the entity is registered as a Small Medium Enterprise with less than 50 million kyats revenue per year or less than 30 employees .

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TAX REGISTRATION
Company Tax registration is not required. 

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FINANCIAL YEAR END DATE
Financial year end date is fixed on the 30th of September of every year. 

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TAX ASSESSMENT
  Company is obliged to submit the company financial account statement to the Tax Authority within 3 months after the year end date. Company Income Tax is 25%.

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BANK ACCOUNT
  The authorized signatory has to be present at the bank with a valid business visa. Click for the bank available in Myanmar for bank account opening https://www.cbm.gov.mm/content/private-banks 

  

COMPANY SECRETARY
  Company secretary is not mandatory and company or company secretary is obliged to keep all statutory records and minutes book in compliance with the company ordinance. Absent of proper documents are subject to fine

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Natural person registration
ii) Director and shareholder passport copy
ii) Home address of the director and shareholder
iii) Myanmar office address
iv) Myanmar contact number
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Company Application
1)  *Certificate of Incorporation
2)  *Memorandum and Articles of Association
3)   Original copy of the resolution from both companies
4)    List of Directors
5)  *Appointment Letter/power of attorney for authorized person
6)    Myanmar office address
7)    Home address of the director and shareholder
8)    Passport of the director and representative
9)    Annual report or audited financial statements of the company fo previous two years.
10)  Draft of the JV Agreement
11) Recommendation letter from the Union Attorney Generals's office
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*Indicates documents that must be notarized and certified by the appropriate authorities of
the resident country and by the Embassy of Myanmar in that country)
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