Setup Business in Yangon
The process of setup business in Yangon, The entire registration process, including the local permits, takes about four weeks once we have gathered all the required documents from you. We help you in setup business in Yangon, an experienced consulting firm with experience in providing services in the international market. We provide the best and most competitive value to you in setup business in Yangon as valued customers to transform your goals into a solution with a clear action plan.
The consulting flowchart to establish a business in Myanmar
The consultation to establish a company or a local corporation in Myanmar
***We could provide the service of consulting.
The consultation related to the procedure to establish and budget in Myanmar
***We could provide the necessary information, such as the research of marketing, the decision of form to establish.
To decide to investment in Myanmar and establish a company in Myanmar
***We could help you make a decision which form should be established
The registration of your corporation in Myanmar
***We could provide the service to establish and registrar a corporation in Myanmar.
The completion for establish a corporation in Myanmar
***We could introduce an office or company house by the real estate, which cooperated with our company.
The business forms to establish in Myanmar
The business forms to establish are as follows.
(1) Limited Liability Company
① Private Liability Company
② Public Liability Company
① General Partnership
② Limited Partnership
(3) Representative Office
To establish a business in Myanmar
When the general partnership is registered, it will be a corporation personality. It will be possible to conduct an agreement, to have a property and so on.
There are three cases of Limited Partnership.
① Only one General Partnership
② Many General Partnership
③ Many Limited Partnership
* Private Limited Company
The characteristics of private limited company:
l Number of shareholders: 2~30
l Issued shock: cannot issue stocks publicly
l Transfer restriction: the transfer restriction with issued stocks
*Public Liability Company
Public Liability Company is a limited liability company that can issue stocks publicly.
- To establish a Representative Office
The following are the activities of Representative Office can take in Myanmar.
・ To contact with the customers who will be introduced to the head office.
・ To research the business information and share it to the head office.
・ To have a market research
・ To display the samples of goods, to sell goods in an exhibition
・ To buy and storage the goods for exhibition.
・ To employ staffs and to lend an office
・ To reach an agreement with local customers as an agent of head office
Therefore, a representative office cannot sell goods regularly, provide services, and produce products and the work of construction in Myanmar. Representative Office can be closed by the judgment of head office.
The assumption of Representative Office is the existence of head office. It should be careful that the business of representative office is not been recognized and the activities are limited for supporting the sales and collect information.
- To establish a branch
It is possible to conduct the same work with representative office.
According to the laws in Myanmar, the foreign companies can be same with head office to provide services, produce products and construct a building unless activities of branch doing are prohibited by laws in Myanmar. In addition, the assets of branch are the assets of head office, and head office also has an obligation for the liabilities of branch. It is possible to close a branch by the judgment of head office.
The Notes to establish a business in Myanmar
In the case to establish a business in Myanmar, almost all kinds of industries are allowed to establish for branch or corporation. However, some industries are prohibited for the corporation so that it should be careful. And the corporation that is to in Myanmar has to conduct the activities based on the same law.
The procedure to establish a business in Myanmar
To establish private limited companies:
After submitting the Articles of Incorporation to Business Office, the limited liability company can be established. And after the registration, foreign companies can acquire the Certificate of Incorporation from Business Office. The date of registration is the date of corporation to have a personality.
To learn more about our incorporation assistance and a range of other services related to establish company in Myanmar, send us a message or call us at +81-3-5369-2930.