On 20 September 2019, the Ministry of Investment and Foreign Economic Relations issued Notification No. 84/2019 (the “Notification”), in connection with the prescribed fee inter alia towards company registration, annual filing fee, etc, as detailed below.
|No.||Types of Application Forms||Existing Fees||Amended Fees|
|1.||Form A-1 (Application for registration of a private company limited by share)||250,000 Kyat||150,000 Kyat|
|2.||Form A-3 (Application for registration of a company limited guarantee)||250,000 Kyat||150,000 Kyat|
|3.||Form A-4 (Application for registration of unlimited company)||250,000 Kyat||150,000 Kyat|
|4.||Form A-6 (Application for Registration of a private company limited by share under the Special Company Act 1950)||250,000 Kyat||150,000 Kyat|
|5.||Form A-8 (Application for registration of overseas corporation)||250,000 Kyat||150,000 Kyat|
|6.||Annual Return Form (Lodgment for Annual Return, including for Overseas Corporation (“Form E-7”))||20,000 Kyat||50,000 Kyat|
The Notification is pursuant to the powers vested with the authority Section 462(a) of the Myanmar Companies Law.
The above mentioned amendment to the prescribed fees shall be effective from 01 October 2019.
Through our office in Yangon, Duane Morris & Selvam advises corporations on investment, business and regulatory processes in Myanmar. For further information, please contact Mr Krishna Ramachandra (firstname.lastname@example.org), Mr Priyank Srivastava (email@example.com), or Mr CN Beilo (CBLo@selvamandpartners.com) or visit www.duanemorrisselvam.com. Duane Morris & Selvam is recognized as a leading law firm for Myanmar related Corporate, M&A and Projects (including Energy) work – The Legal 500 (2017, 2018 & 2019).