Looking to start and grow your dream business in the flourishing economy of Myanmar? Get expert assistance for stress-free and effortless company registration in Myanmar- the gateway to Southeast Asian markets.
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15-20
Company Registration
No
Travel Required?
1 to 2 Days
Bank Account Setup
Yes
Tax Exemption
SPecial offer
A sole proprietorship is a business owned and managed by one individual. The owner is wholly responsible for business operations and enjoys decision-making power. The sole proprietor's liability is unlimited, and the profits are at a personal income rate.
A partnership is a business formed by two or more individuals or entities coming together in an agreed ratio to share management duties, profits and liabilities. However, liabilities for partners vary depending on the type of partnership, where it is unlimited in general partnership. A general partner has unlimited liability in a limited partnership, while limited partners have liability limited.
A public company limited by shares that allows shares to be traded on the stock exchange can raise funds through the capital market for growth. However, it must maintain transparency and accountability to run its operations legally. It requires a minimum of 3 directors, one of whom must be a citizen of Myanmar. Shareholder liability is limited to their shares.
A private company limited by shares cannot trade its shares on the stock exchange. As a corporate entity, shareholders enjoy limited liability restricted to their share value. It requires a minimum of one director and one shareholder, and the maximum number of shareholders can be 50.
A Company limited by guarantee is a non-profit entity whose members' liability is limited to the amount agreed to be paid at the time of liquidation. Such companies are created to serve a charitable, educational, or social cause, but they do not give profits to their members.
A joint venture is one of the most preferred business structures by foreign entrepreneurs in Myanmar. Foreign investors must comply with the Myanmar Companies Law (MCL) and Myanmar Investment Law (MIL) during the registration process. Local investors must be allotted a minimum of 20% stake in joint venture ownership.
Foreign companies operating in Myanmar may be required to register as overseas corporations with the Directorate of Investment and Company Administration (DICA). An overseas corporation serves as a local branch in Myanmar for a company incorporated abroad.
Foreign entrepreneurs are opting for business setup in Myanmar owing to its strategic location and diverse investment opportunities.
Myanmar's strategic advantage is its location between India, China, and ASEAN countries, which offers access to vast regional markets.
Myanmar recently introduced regulatory changes to simplify business procedures to attract foreign investment through ease of doing business.
Myanmar is a mineral, oil, and gas-rich country, tempting foreign entrepreneurs to invest in sectors such as energy and manufacturing.
A rapidly evolving business ecosystem makes Myanmar a top choice for foreign entrepreneurs to invest in. Company registration in Myanmar has several benefits, inviting entrepreneurs worldwide to set up their businesses there. Some of the benefits of company formation in Myanmar, including strategic location and access to emerging Southeast Asian markets, are as follows.
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Myanmar allows foreign nationals to wholly own businesses in different sectors, such as manufacturing, services, and retail. 100% ownership gives entrepreneurs complete control over the business operations and decision-making, driving their processes as per their requirements.
Myanmar enjoys a strategic location advantage. It serves as a gateway between South Asia and Southeast Asia, giving businesses access to huge markets in China, India, and other ASEAN countries. It facilitates the promotion of regional trade and distribution.
The Myanmar government actively promotes foreign investment through several incentives and business-friendly policies. Tax exemptions, special economic zones (SEZs) policies, and priority sectors are aimed at attracting foreign entrepreneurs to contribute to the country's economic development.
Myanmar's population is growing, and the middle class allows foreign entrepreneurs to thrive in the consumer-driven business landscape. Businesses can leverage the opportunity to benefit from the retail, telecommunications, and food and beverage sectors.
Company Incorporation in Myanmar offers a budget-friendly alternative for foreign entrepreneurs who want to explore the potential of Southeast Asian markets. The country provides low-cost labour and low rents, reducing overall operational costs and making it an ideal destination for business setup.
Home to a young and dynamic workforce, foreign entrepreneurs seeking company registration in Myanmar can explore the country's skilled talent pool. Businesses can leverage a hardworking and proficient local workforce to support their operations across the IT, manufacturing, and services sectors.
Myanmar has abundant natural resources, including gas, oil, and minerals, which makes it an ideal destination for foreign entrepreneurs who want to invest in these sectors. It facilitates smooth operations for energy, mining, and agricultural business operations.
Myanmar heavily invests in infrastructure to boost its transportation networks and energy capabilities. Its continued investments to enhance connectivity and facilitate ease of doing business attract entrepreneurs to invest in logistics and industrial ventures.
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