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MYANMAR: Companies Face Mandatory Re-Registration Following August Business Portal Launch

When Myanmar Companies Online (MyCO), the country’s new digital business registration system, is launched on 1 August, existing businesses will be able to complete their mandatory registration free-of-charge, while new companies will have to pay Kyat 500,000 (US$371), although SMEs will be entitled to a 50% discount.

Once re-registered, businesses will receive new company incorporation certificates and will also be advised as to whether they need to submit a quarterly report to the Directorate of Investment and Company Administration (DICA). The MyCO launch has been scheduled to coincide with the formal adoption of the country’s Companies Law.

Content provided by Picture: HKTDC Research
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