76,000 companies officially registered according to DICA
The Directorate of Investment and Company Administration, DICA, has announced that it has recorded over 76,000 companies registrations on its MyCO platform since its launch last year. With the aim of making companies registration a fully online proce
New companies registration fees reduced
New companies will now pay less to register in Myanmar. The Directorate of Investment and Company Administration (DICA) announced that registration fees will drop from MMK 250,000 to MMK 100,000 beginning October 1, which is the start of the 2019-202Amendment of fees for company incorporation and annual return filing
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 detail
Govt underestimated economic impact of Rakhine crisis: Official
A Myanmar official has admitted that the government underestimated the impact the crisis in Rakhine State has had on the country’s economy. Speaking at an investor forum in Singapore, U Aung Naing Oo, director general of the Directorate of InvestmeNew Myanmar Companies Law Now in Force
The new Myanmar Companies Law 2017 (Pyidaungsu Hluttaw Law No.29) (“MCL”) passed on 6 December 2017, and implemented on 1 August 2018, replaces the century old Myanmar Company Act 1914 (“MCA”). The MCL modernizes Myanmar’s corporate framewo
