Know More About Company Registration in Myanmar
For years, 3E Accounting has been offering Company Incorporation Services in Myanmar. We have a team of experts who have experiences in different business aspects such as accounting, taxes, obtaining work permits and licenses. So, don’t worry about company registration in Myanmar because we are here to do that for you.
Myanmar is located in Southeast Asia and is a neighbour to countries as the likes of India, Laos, Thailand, and Bangladesh. This means you have many places for networking if you have a business in Myanmar. The economy of this country is rising fast thus attracting many foreign investors to do business here.
Different Business Structures in Myanmar
First, you need to know about the business structure in Myanmar.
Wholly Foreign-owned Company
This is a 100% foreign-owned company. The investor of this entity is the sole proprietor of the company. He is completely liable for his company.
The joint venture is a partnership firm where two or more people come into an agreement for doing business in Myanmar.
Agency or Distributorship
This kind of business entity is for trading goods within Myanmar. It would be helpful if you appoint a local business representative who will take care of business operations.
Criteria to Establish a Company in Myanmar
Company registration in Myanmar is a simple task, but there are some basic requirements which must be met by the investors:
- Appoint an auditor for the business
- General annual meetings must be conducted every 18 months.
- The annual report must be filed within 21 days after the general meeting has been held. The report must contain the following details: List of the company director and the shareholders, mortgage of the company’s property if any, and information regarding the company’s structure
- Maintain account books and statutory records of the company
- resent the financial reports to the company’s employee at the General annual meeting
Get in Touch With Us
Setting up a company in a new country is exciting, but it also brings different kinds of challenges. The procedure of company registration in Myanmar is different from other countries. Hence, 3E Accounting offers consultancy services to provide you with complete support and guidance to register your business in Myanmar successfully.
We completely understand your anxiety, and thus we offer 24/7 customer support to you. You can contact us via email or phone call, and we will be delighted to assist you by clearing your queries and helping you set up a company in Myanmar.