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Company registration in Myanmar with process,Foreign Company Registration in Myanmar,Foreign Company Registration process and procedure in Myanmar,Foreign Company formation and incorporation in Myanmar

S & F CONSULTING FIRM LIMITED is an international business/ company registration consultancy firm.
 Foreign Company Registration (100% investment, Joint Venture, Virtual/ Branch Office, Foundation) , Taxation, Accounts & Audit, Legal, Company Secretarial & Management Consultancy

Company Registration/ Formation in Myanmar
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BUSINESS ORGANIZATION

1. Registration of business Organization

Operation in Myanmar can be carried out through one of the following business organizations:

Partnerships

Companies limited by shares. i.e. joint venture companies; local companies; foreign companies

Branch or Representative offices of a foreign company

Associations not for profit

2. Limited by Shares

A company limited by shares is required to register. For foreign enterprises, the most normal method of doing business in Myanmar is through a limited company. Such a company could be a foreign company registered in Myanmar or by means of a branch office or representative office formed outside Myanmar. If one share is owned by a foreign partner, the company shall come under the definition of a foreign company, and shall apply and obtain a Permit before registration. There are two main types of company: a private limited liability company and a public limited liability company.

In a private limited Liability company, the transfer of shares is restricted, the public cannot be called upon to subscribe for shares, and the number of members is limited to fifty.

In a public limited liability company, the number of shareholders must be at least seven. The company, after registration, must apply for a Certificate of Commencement of Business to enable start the business operation.

The governing law for the limited companies is the Myanmar Companies Act 1914. A company with share contribution of the State shall be registered under the Special Company Act 1950 and the Myanmar Companies Act 1914.

There are generally no minimum share capital requirements. However, minimum requirements do exist for banking and insurance companies and foreign companies and branches of all business.
For foreign companies and branches, the minimum capital to be brought in is as follows:

Industrial company - foreign currency equivalent to K. 1,000,000.
Services company - foreign currency equivalent to K. 300,000.


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Contact information:
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International Correspondence
Email: [email protected]
Skype: forhadhossain79 , sfconsultingbd
www.sfconsultingbd.com
Yangun, Myanmar