Myanmar keyword: Company Registration

March 19, 2024

为了将线下监控系统转变为线上监控系统,缅甸投资委员会(简称“MIC”)于2024年2月21日发布了通知(简称“通知”),宣布持有许可证或认可的公司将有更多时间重新注册并将数据录入新的缅甸投资在线(简称“MyinO”)系统。这也意味着与这些公司外国员工相关的申请的过渡期也延长了,允许截止日期2024年6月30日前,继续以纸质形式提交申请。 因此,无论您是考虑申请投资许可证,或已经拥有许可证,或打算为您的缅甸投资业务雇佣外国专家,以下是您需要了解的关键细节: 需要重新录入到系统的数据是什么? 根据该通知,持有投资许可证的公司,必须确保重新输入所有与投资相关数据,包括许可证颁发日期后所做的任何活动或投资变更。 重新录入数据的过渡期是什么时候? 数据重新录入和提交与公司外国员工相关的申请的过渡期从原定的截止日期2023年9月1日延长至2024年6月30日。此日期之后,所有外国员工任命申请只能通过MyInO系统进行提交。 所有投资许可证持有者都必须在MyinO系统中重新录入信息吗? 虽然没有明确规定必须重新注册,但实际上,这对于申请处理是必要的,因为只有在投资数据录入系统后,才能进行后续的申请提交。 关于外国专家任命的申请如何提交? 在过渡期间,所有与外国专家相关的事务,如任命外国专家(工作居留许可)、调整员工人数以及管理外国专家的辞职,仍然可以通过邮寄或现场递交,除此之外,还可以在重新录入数据后通过MyInO提交。然而,在过渡期结束后(即根据通告为2024年6月30日),此类外国员工任命只能通过在线提交进行。 如果不遵守通知的后果是什么? 尽管投资公司在MyinO的数据重新录入并非强制性的,但如果未能这样做,将无法在线提交工作许可申请,也不再接受现场提交。因此,建议所有投资许可证持有者尽快重新录入信息,以免对公司业务运营造成延误,因为重新录入信息过程可能需要时间。 如果您有任何疑问或需要帮助,请联系您的VDB Loi专属顾问。

March 19, 2024

On 21 February 2024, the Myanmar Investment Commission (“MIC”) announced an extension of the deadline for companies holding MIC permits or endorsements to re-register and enter all their existing data into the new Myanmar investment online system (“MyInO”) to 30 June 2024. This also means an extension of the transition period for applications related to […]

October 31, 2019

Under section 43 of the Myanmar Companies Law 2017 (“MCL”), an overseas corporation is not allowed to ‘carry on business’ in Myanmar unless it has registered its commercial presence with the Directorate of Investment & Company Administration (“DICA”). The central concept of ‘carrying on business in Myanmar’ has, unfortunately, not been defined in the MCL. […]

March 22, 2019

According to the recent Directorate of Investment and Company Administration (“DICA”) announcement issued on 8th March 2019, companies who missed the 31 January deadline now have until March 30 to re-register. However, any companies who fail to re-register by this new deadline will be struck off from the registry, and will not be able to carry on business […]

January 30, 2019

Looking back, it is evident that 2018 has seen a lot of changes in the Myanmar legal framework. There is also a number of developments that can be expected in the near future. Banking regulations Until early November, foreign bank branches could only provide banking services to foreign companies, i.e., companies incorporated in Myanmar with […]

September 30, 2018

Myanmar Companies Law 2017 (“MCL”) has introduced a special corporate approval procedure for “related party transactions” into the Myanmar legal system. While such type of transactions are often subject to particular scrutiny under corporate governance laws in many jurisdictions, there are a number of peculiarities to be followed under the MCL, and they are summarised […]

September 27, 2018

The recently effective Myanmar Companies Law (the “MCL”) brings about groundbreaking changes to the corporate landscape in Myanmar, as it modernizes the rules related to entities (companies, branches and representative offices) conducting business in Myanmar. Despite the changes companies still need to act so they can reap the benefits of the new measures. In this […]

June 26, 2018

In preparation for the launch of the new electronic companies’ registry system, Myanmar Companies Online (“MyCO”), the Directorate of Investment and Company Administration (“DICA”) is preparing a set of prescribed forms to collect the information required to be submitted to the Companies Registrar under the Myanmar Companies Law 2017 (“MCL”). In order to raise public […]

May 24, 2018

Re-register or be ceased! Directorate of Investment and Company Administration (“DICA”) has issued a draft of the Companies Regulations 2018 called Myanmar Companies (Electronic Registry System and Miscellaneous Matters) Regulations 2018 (“Regulation”) with a commencement date of 1 August 2018. The Regulation is a continuation of the Myanmar Companies Law issued in 2017 and is […]

August 30, 2017

The New Companies Act in Practice (1): Foreign and Single Shareholders, Resident Directors andCompanies Exempt from Auditors The Myanmar government has finally proposed to change the Companies Act after more than 100 years. The Draft Myanmar Companies Bill 2017 (“Draft”) was tabled at the Union Parliament, Amyothar Hluttaw for discussions on 21 July, 2017 by […]

May 31, 2017

A fairly big portion of new investment projects in Myanmar will no longer receive an actual MIC Permit in accordance with the old, often time consuming procedure. Instead, there is the lighter “Endorsement” procedure for those who need land approvals or who qualify for tax incentives.