List of foreign companies in myanmar

List of foreign companies in myanmar. They are a company limited by shares, a company limited by guarantee or an unlimited company. Price: USD 450 (excluding tax) Contents: 273 pages, include details of top 200 local companies, 35 different industries. Title: Myanmar opening more doors to foreign investments in Yangon region. It is home to one of the world's oldest petroleum industries, with its first crude oil exports dating back to 1853. 09-5152912 09-5027328. IBK Myanmar Ltd. Malayan Banking Berhad (Maybank) 27-7-2015/. 41 KB | Download. Jan 27, 2022 · Foreign companies withdrawing from Myanmar after coup. Jul 29, 2019 · Government-approved foreign direct investment (“ FDI ”) into Myanmar increased by 77% to US$2. 30. 3 in the first-half of 2019 compared to US$1. EB5 Capital 1 REGULATION OF FOREIGN COMPANIES Under the Companies Act 1914, companies incorporated in Myanmar are either classified as a “Myanmar company” or a “foreign company”. Almost all newly approved FDI in the first year since the coup is from Asian countries, topped by China, according to the junta. MMK 700000 ~ 1000000. Permanent. The Consolidated United Nations Security Council List. 30. white spirit. According to the Myanmar Investment Law notification No. List Of 98,693 Companies In Myanmar & Companies Data: Annually Revenue, Employees, Market Size, Contact Number, Emails, Address And Latest Updated News Of Companies In Singapore. Sobashochu Liquor (Alcohol 25%)2. 30-2. It is accessible 24/7. Sep 8, 2022 · Nikkei staff writers September 8, 2022 15:01 JST. The Covid-19 pandemic and internal political instability have worsened the situation. While foreign companies are leaving Myanmar one by one, it is uncertain how Myanmar will deal with its economic stagflation. Feb 08, 2022. A Myanmar company has to be 100% owned and controlled by Myanmar citizens and the approval of the regulator, the Directorate of Investment According to the Myanmar Investment Law 2012, Section 20, local partner or Myanmar citizen must invest minimum 20% of share equities in the form of joint venture company. MYANMAR MANPOWER LINK. Address：H-64 Arthawka street, Yangon ,Myanmar. May 31, 2023 · Indian conglomerate Adani Group announced the sale of a port project underway in Myanmar for just $30 million after critics said money from the project had been diverted to companies affiliated Mother Trading & Construction Co. 8 May 2024. Food provided. 767 billion of foreign direct investments were made by 45 enterprises including capital increases of investments in the Thilawa Special Economic Zone over the past ten months of the current financial year (2020-2021). Form (4-A)Endorsement Application Form (Myanmar Investment Commission) 44. May 3, 1997 · Number of Non-profit Companies 1. Dirty List of foreign Myanmar Int'l F. May 07, 2024. Private Banks. Oriental Leasing Company Ltd. Oct 4, 2018 · Retail Trading. Title: Myanmar approves 12 local and foreign investment enterprises. Thailand by contrast received $3. [1] Today, the country is one of the major natural gas producers in the Asian continent. In the Crane Cross Company Limited. This list of companies and startups in Myanmar provides data on their funding history, investment activities, and acquisition trends. , IMI. I want to sell the following products are1. Last. Investors in this hub have made investments into companies and startups with headquarters located in Myanmar, Asia; notable events and people located in Myanmar As the primary interface between businesses and the government, the Directorate of Investment and Company Administration (DICA) is mandated to promote private sector development and boost domestic and foreign investment by creating a conducive investment climate. Notification No. % Bagan Consulting Chinese companies operating in Myanmar The presence of Chinese companies in Myanmar accounted for only $123 million of the $13 billion in foreign direct investment in Southeast Asia countries in 2001. ygn@gmail. Risk Management. General Foreign direct investment (FDI) in Myanmar has plummeted since the democratic regime was toppled. Male. Feb 4, 2015 · No. 000 Unit in 2021. List of Chemical companies and services in Myanmar. Members of the Myanmar The Republic Union of Myanmar laws and regulations are different in many aspects. Myanmar Unity is a Oversea Employment agency which send Myanmar workers to Japan country (only) by using Technical Intern Training Program (3 Year Visa ) Verified +9 Years with us. 000 Unit in 2019 and a record low of 24. The Government recognizes that SME entrepreneurship Myanmar Unity. Herbal Rum (Alcohol 40%)4. Jan 27 (Reuters) - Woodside Petroleum on Thursday joined multinational oil majors Chevron and TotalEnergies in plans to exit Myanmar, nearly The Mission found that at least 14 foreign companies have joint ventures with Tatmadaw businesses, MEHL and MEC. O008: Registered Companies. No (16 ), 87th street, Kan west ward, Mingalar Taung Nyunt Township, Yangon. . Space Light Company Limited continues to move forward and become a leading electrical and electronic manufacturing and trading company group in Myanmar. Annual Return; Videos; Others; INVESTMENT AFFAIRS Jul 31, 2023 · A total of 27 insurance companies including fully foreign-owned insurers are operating in Myanmar, according to Myanma Insurance. June 21, 2023 Treasury Sanctions Burma’s Ministry of Defense and Regime-Controlled Financial Institutions. Israel. 4bn in 2012-2013 to a peak of almost $9. gov. Companies investing in Myanmar under the Foreign Investment Law or set up under the Myanmar Special Economic Zone Law (MSEZL) can apply for work permits for foreigners in managerial or supervisory roles or for those holding technical Feb 18, 2021 · Foreign direct investment shot up from $1. Myanmar operates two assessment systems: the self-assessment system (SAS) and the official assessment system (OAS). Global Magnitsky Sanctions. Marlarmyaing Company Limited is a 100% Myanmar family-owned company and it was founded in 1989 as an agricultural input retail shop. 4437. 7 billion and its GDP ( PPP) at US$221. Type. 1. 2. 2023 DEC Foreign Direct Investment Yearly Approved Amount By Sector. Explore Now With Bizdirect! Australian embassy Address: 88 Strand Road, Yangon Telephone: +95 1 251810, 251809, 246462, 246463 , Emergency: +61 2 6261 3305 Website: www. Jan 3, 2019 · Organizations in this hub have their headquarters located in Myanmar, Asia; notable events and people located in Myanmar are also included. 2012. U Myo Thein. Phone. Directors’ resolution of applicant company 9. Which of these laws will apply to a given foreign investor depends on the specific business activities they intend to undertake in the country. com. 4% of all businesses in Myanmar are classified as SMEs. com mse. 5bn in 2015-2016, according to the government’s Directorate of Investment and Company Administration. The Republic of the Union of Myanmar. 207, 35th Street (Upper Block), Kyauktada Township, Yangon, Myanmar, Kyauktada, Yangon. Crane Cross Co. 7. On average, SMEs in Myanmar account for 50-95% of employment and contribute 30-53% of GDP in ASEAN member states. 07 KB. Established in 1997, Mother group comprises of several business units with more than 3,000 staff and workers under its employment. Standard Chartered Bank. If the corporate taxpayer is under the SAS, then they are not Total Number of Companies. 3 billion through 13 approved projects), followed by China (investing US$330 million through 60 approved projects). * Memorandum and Articles of Association of applicant company (in English and Myanmar). 126,237 or approximately 99. 91 KB. Acc / Transport - Own. is an investment holding company based in Yangon with investments in real estate, e-commerce, hospitality, and manufacturing. DICA is a key agency within the Government of the Republic of the Union of Myanmar’s Ministry of Investment and Foreign Economic Jan 16, 2023 · “Foreign companies are enabling the Myanmar military – one of the world’s worst human rights abusers – to produce many of the weapons it uses to commit daily atrocities against the Myanmar Burma General License 5 - Authorizing the Wind Down of Transactions Involving Myanma Investment and Commercial Bank or Myanma Foreign Trade Bank (June 21, 2023) Burma General License 6 - Authorizing the Wind Down of Transactions Involving Shwe Byain Phyu Group of Companies (January 31, 2024) Aug 12, 2022 · In a new report, Justice For Myanmar names 116 companies that are supplying arms to the Tatmadaw, including 38 from the city-state. 2024-January Foreign Direct Investment Yearly Approved Amount (Sector) 142. Get list of top insurance companies offering life insurance, health insurance, auto insurance, and home or property insurance services in Myanmar. Some of the major laws include the Myanmar Companies Act, Myanmar Investment Law, etc. Foreign money that has flowed into Myanmar has been invested in hotels, real estate, mining and manufacturing. June 21, 2023 Sanctioning Two State-Owned Banks and the Ministry of Defense for the Burma Military Regime’s Atrocities. Showing 13 from 13 Items. In the case of a limited liability company, foreign ownership is allowed up to a maximum of 35% in local companies. 12. Myanmar is the 7th largest economy in ASEAN with a GDP of $63. "MICB"), 170/176 Bo Aung Kyaw Street, Botataung Township, Yangon, Burma; 170/176 Bo Aung Gyaw Street, Yangong, Burma; SWIFT/BIC MICBMMMY; Organization Established Date 1990; Target Type Financial Institution [BURMA-EO14014]. Apply for a MIC permit; Apply for an Endorsement; Post-permit activities; Register Your Company; Company Affairs. Oct 11, 1993 · 10. Beans5. Myanmar companies are permitted to engage in ‘trading’ activities. By Sebastian Strangio. a. Apply Now. Section 20 of the Act states that the local partner or Myanmar citizen must invest a minimum of 20% of share equities in the form of Joint Venture Company. Services: 8. 19 th Floor, Crystal Tower, Kyun Taw Road, Kamayut Township, Yangon, 11041, Republic of the Union of Myanmar. 2024-January Foreign Direct Investment By Sector. With an estimated GDP (nominal) per capita of $1,180 (down from $1,527 in 2020), it remains a Aug 9, 2021 · Thirteen Chinese-listed enterprises brought in US$172 million into Myanmar between October 2020 and June 2021, according to the data released by the Directorate of Investment and Company Administration (DICA). A Myanmar branch office of a foreign company also is taxed at a rate of 25% on Myanmar-source income; Companies listed on the Yangon stock exchange are taxed at a reduced rate of 20% on corporate income tax; A two per cent advance corporate tax is levied on the import of goods. k. We offer wide range of waterproofing solutions for Decks & Roofs, Wet Areas & Swimming Pools, Basement & Below Grade, Facade & Finishes, water ta There are private or public limited companies, non-profit organizations, and foreign companies. We excluded a few firms due to incomplete data. 5 billion. 8. List of Recommended Companies; Help. No. Myanmar's current business environment favourable for foreign Under the MIL, a foreign investor is defined as a person who invests within the country and is not a Myanmar citizen. mm To make doing business in Myanmar easier, the Directorate of Investment and Company Administration (DICA) has published aguidebook on the DICA website on how to register your company. Top Investor Types Micro VC , Incubator , Hedge Fund , Accelerator , Angel Group. 56×45 mm NATO and 7. We also show their Export/Import values (based on official export/ import data) and list the top 100 income tax and commercial tax payers in Myanmar. 5 million in May 2021 and became the top source of FDI in Myanmar. Nan Oo. Market Data Analyst ( For a Foreign Transportation Company) Tamwe. These Private Limited foreign companies are allowed a maximum of 50 shareholders. Working hours 10. au 5 days ago · Senior HR & Admin Manager (For an Int’l group of Companies) Bahan. ABC International Myanmar; Website: Click here. A foreign company is one where an overseas corporation or a foreign entity owns or controls, directly and indirectly, an ownership interest of more than 35%. 553, Marga St, 12 Quarter South Okkalapa Yangon, Myanmar. Whereas previously you needed to visit 8. Singapore was largest investor (investing US$1. In addition to Chevron, Total and Telenor, Australian telecom Myanmar Mytel, Singapore tobacco Individual Documents. * Related Documents. 92/2020 Directive regarding the requirement that at least one of the directors of the registered company must be resident in the Union of Myanmar. Through such joint ventures, the Mission found that any foreign business activity involving the Tatmadaw and its conglomerates MEHL and MEC poses a high risk of contributing to, or being linked to, violations of human rights law and Jul 4, 2023 · 04 Jul 2023 12:12AM (Updated: 20 Nov 2023 04:13PM) SINGAPORE: Another 91 Singapore-based entities were recently identified as being involved in the flow of supplies to Myanmar’s military, adding Israel Military Industries Ltd. 2021. 104, University Avenue Road, 9 th Quarter, Kamaryut Township, Yangon. U Kyaw Zin Latt Daw Hnin Wai Yee. 99 billion (estimate) in 2023. 8 billion. Website. Full-stack Marketer who tells Stories I'm Nan Oo, a Digital Marketing Consultant from Myanmar specializing in helping Startups, B2B, and SaaS c Team size Freelancer. Mar 24, 2017 · The Myanmar Foreign Investment Law of 2012 introduced a work permit system for foreigners investing in Myanmar. Logistic and Shipping Line. Export & Import Company Lubricants Distributor in Myanmar Hydraulic Oil Greases Automotive Engine Oil Marine Lubricants Industrial Lubricants Motorcycle spare parts Industrial Chemicals Oil Test Servi Verified +7 Years with us. , Kan Daw Kalay (West) Ward, Kan Daw Kalay (West) Ward. 42% and 81. Jan 27, 2022 · TELNY. Mandaly Shwe Yi Co,Ltd. Download. Ever Pharma is a fully integrated specialty pharmaceuticals company focused on the research, development, production, and commercialization of products in the areas of neurology and specialty injectables, covering oncology, intensive care and hormone View full profile. ( Import shall be allowed against 90 percent of the foreign currency after making payment 10 percent as revenue tax ) Global Pharmaceutical Companies in Myanmar. 56/B, Sat Saya U Htun St. dollars, with erratic foreign currency controls by Registering a company now easier than ever before A new, easy to read guideline on how to register a company is now available online on the website of DICA: www. myothein@myanmarmse. 30-10. , Kan Taw Gyi Tower, 11 - 04, Yangon, Myanmar, Yangon, Yangon. Title: Institutional investors in Myanmar set up association. Security Guard Services. In 2013, its GDP (nominal) stood at US$56. List of directors of applicant company 10. 2000000-3000000 MMK. Unit 3-8, Yoma Yeik Thar Building, No. “Even genocide and a military coup has not been enough to Insurance. Jan 31, 2024 · August 4, 2023 Transactions with Sanctioned Burmese Banks Must Be Wound Down by August 5, 2023. In accordance with the Myanmar Companies Law 2017, a company may be registered in one of the following forms: As a private OR public company by Myanmar citizens; As a foreign company OR branch of a foreign company; As a joint venture company; As an association/nonprofit organization; INITIAL STEPS. Any foreigner is eligible to start up a company. 10. This is a significant liberalisation measure as foreign investors can now own up to 35% of the equity in Myanmar owned companies (directly or indirectly), without changing the company’s status to a 'foreign company'. 27. 12. Dream Discovery. Ethiopia-Related Sanctions. 10489. C System Co Ltd. 15. E-mail. more. Steven Law and Asia World were designated by OFAC pursuant to Executive Order 13448 in February 2008 for providing support to the Government of Burma, which was then dominated by The Myanmar Investment Directory (MyInDy) is a government-developed online platform. Feb 02, 2024. Explore Top Companies in Myanmar. Oct 16, 2013 · Myanmar COVID19 Travel Restrictions; Public Holidays in Myanmar for 2021; Yangon Taxi; Tourist eVisa; 12 Types Myanmar Entry Visa; Restricted areas for foreigners and tourists in Myanmar; Foreign Banks with branches in Myanmar; Insurance Companies; Business Chambers and Associations in Myanmar; Myanmar Exhibtion Hall; Testimonials. Buckwheat seed3. Last updated in: May, 2024. 232/B, Thudhamma Road, Nya Q, Northokkalapa, Yangon 11031, Yangon, Yangon. PKX. 2017-2018. Microfinance. Industrial and Commercial Bank of China. Apart from mere services activities, investment in manufacturing Nov 24, 2020 · International Sanction List. Details of Registered Companies From (20-10-2020) to (19-11-2020) 346. According to the MCL, there is no restriction on conducting any business activities including trading business for Why Invest in Myanmar? Doing Business. To open a representative office in Myanmar, you also need to inject US$50,000 of minimum capital. Dec 08, 2023. burma. 8 billion for the current FY2020-2021. Myanmar is a sovereign state in South East Asia bordered by Bangladesh, India, China, Laos and Thailand. Myanmar is a country rich in jade and gems, oil, natural gas and other mineral resources. Top Funding Types Seed , Grant , Pre-Seed , Series C , Post-IPO Debt. This is a significant liberalisation measure as foreign investors can now own up to 35% of the equity in Myanmar-owned companies (directly or indirectly), without changing the company status to that of a ‘foreign company’. Jan 22, 2023 · Currently, 26 local and foreign insurance companies are providing services in 39 categories of life insurance and general insurance to the public. The CA distinguishes between a Myanmar company and a foreign company. No of Reg Co: Companies Limited data remains active status in CEIC and is reported by Ministry of Planning and Finance. Jan 29, 2022 · The Danish multinational company Carlsberg has about 450 employees in the country, but has announced it will limit its activities there. Call:+95 9979386000. Topic: Myanmar has held investment and business forums with Japan, South Korea, China, Malaysia, Thailand, Hong Kong and Singapore among Asian countries, and the US, UK, Czech, Hungary and Australia among Western nations. 16 billion in the 2017-2018FY May 17, 2016 · Also today, OFAC identified as blocked and added to the SDN list six companies that are owned 50 percent or more by persons on the SDN List: Steven Law and Asia World. The registry is searchable by the general public free of charge. 5/D, Corner of Pyay Road and Yoma Yeik Thar Street, Ward 2, Kamaryut Township Yangon, 11041, Republic of the Union of Myanmar: 3. 9. Check availability of company name at MyCO Jan 28, 2022 · Reporting by RFA has found that at least 14 foreign companies have left Myanmar since the coup. 4 million in the mini-budget period (April-September, 2018), $2. Against this backdrop, the junta has described China as “the most important foreign investor. Filesize | Download. Mar 11, 2024. There are 42 different types of life and non-life insurance offered by private insurance companies at the moment. Copy of passport or NRC of authorized person 11. , Diamond Condo A, Ward (8), KMYT, Yangon, Yangon. This also includes foreign companies (ie, companies with more than 35 per cent foreign shareholding), branch offices, and other enterprises established and registered in accordance with the MCL, as well as enterprises formed Aug 19, 2021 · According to the Directorate of Investment and Company Administration (DICA), more than US$3. [1] The income gap in Myanmar is among the widest in the Oct 12, 2018 · Foreign companies can also open 100% foreign-owned representative offices in Myanmar with a minimum shareholder of 1 and an authorized company representative. Title. Aug 9, 2023 · Economic. Form (4-B)Endorsement Application Form (Region/State Investment Committee) Aug 20, 2021 · It was developed in English, as the managers of foreign firms in Myanmar are expected to use English as an official language. Sep 29, 2020 · Foreign investors should use the services of registered local advisors to ensure they stay compliant with these regulations. There are three main types of companies which can be registered under the Myanmar Companies Law of 2017. 1-Apr-2018 to 31-July-2018. 6. Protect yourself and your assets with the best coverage from these reputable companies. 3 billion in the same period in 2018. 15/2017, the ratio must be 80% for the foreign and 20% for citizens. Title: Ayala to invest $237M in Myanmar’s Yoma Group. 85 billion in the FY2019-2020, $2. Under the Insurance Market Liberation Announcement of 1/2019 from the Ministry of Planning and Finance. We are specialized in providing waterproofing solution. We received responses from 296 Chinese firms and 125 Japanese firms, representing 89. 58, Upper Pansoedan St. Laws and regulations. It features investment-related information and contact details for private enterprises - both local and foreign - which have received Permits or Endorsements from the government; and also hosts information on government institutions which are regularly involved 497 (Rm 1404), Bldg A, Pyay Rd. 11. 1-7-2015. Yangon , Myanmar Myanmar. MYANMAR INVESTMENT AND COMMERCIAL BANK; a. embassy. A private limited company is registered under the Myanmar Companies Act 2017 (CA). , Industrial Zone (4), SPTA, Yangon, Yangon. Must have experience working in Japanese Restaurant as Sushi chef. The Consolidated List includes all individuals and entities subject to measures imposed by the Security Council. Public Company Limited by shares Mingalaba / မင်္ဂလာပါ; and welcome to r/myanmar, the sub for Myanmar (Burma), the country known as the Golden Land. 152. Unless otherwise specified, all the directors and shareholders can be foreigners. Form (3) Myanmar Investment Commission Permit. 84 KB. Jan 18, 2021 · MIC intends to reach the FDI target of $5. 4 billion in the FY2018-2019, $724. 62×51mm NATO cartridges). Pharmaceutical Companies in Myanmar. Intend to form a joint venture company with good foreign companies for manufacturing electrical and electronic parts by CMP (Contract Manufacturing Practice) system. 2020/ 5. The Myanmar Companies Online registry is a fully electronic register that can be used to register and manage companies registrations. The following foreign companies and their Myanmar JV partners are able to provide insurance services in the Myanmar market: General Insurance: Sr. For detail information on allowed share proportions for joint ventures, please visit the Company Registration Division at DICA or write an email to core. Check availability of company name at MyCO Feb 7, 2023 · These companies have been attracted to Myanmar by the country's growing economy and its strategic location between China and Southeast Asia. 11041, Republic of the Union of Myanmar. mm@gmail. Name of Company: Date of Registration Certificate Issued: Head-Office Address: 1. Verified +7 Years with us. In Myanmar, the insurance business law (IBL) was enacted in 1996 and by laws in 1997. Auditing and compliance requirements. 5, Kabar Aye Pagoda Road, Yankin Township, Yangon 11081, Republic of the Union of Myanmar. For wholly-owned foreign companies or a joint venture company with more than 80% foreign shareholding, an initial investment amount of no less than US$ 3 million is required. Jan 27 (Reuters) - Woodside Petroleum on Thursday joined multinational oil majors Chevron and TotalEnergies in plans to exit Myanmar, nearly a year after a military coup plunged the Apr 9, 2015 · SMEs play a crucial role in the economic well-being of developed and developing countries alike. For a joint venture company in which at least 20% of the shares are held by Myanmar citizen (s) and/or citizen-owned companies, an initial investment However the foreign capital brought into Myanmar shall not be allowed to make account transfer. Foreign companies are showing interest in Myanmar’s geostrategic location, abundant natural resources and youthful population. Vietin Bank. Beneficial Ownership; Myanmar Companies Online (MyCo) Online Recommendation Letter for Visa Extension. Find below a list of some of the pharmaceutical companies operating in Myanmar, with their contact information. 4/6, Kyaikkasan Rd. S. Ministry of Investment and Foreign Economic Relations (MIFER) Jun 3, 2019 · The companies are listed out by sector and by name. 62 KB. ToT, including through support from Israeli IMI engineers in the 1990’s for the manufacturing of Uzi submachine guns and establishing the local manufacture in Myanmar of copies of the IMI Galil family (automatic rifles chambered for the 5. August 12, 2022. 13. Foreign Interference in a United States Election Sanctions. Singapore has stood as the largest foreign investor in Myanmar since 2012, pulling in the FDI of $1. , Yangon, Yangon. pdf. Ever Pharma. dica. We have our headquarter located at 44/46, 2nd Street, Lanmadaw Townsh Myanmar Investment Commission permit and endorsement holders are entitled to tax incentives and the right to use land. ,Ltd. Search for Chemical with Addresses, Phone numbers, Reviews, Ratings and Photos on Myanmar Business Directory. Democratic Republic of the Congo-Related Sanctions. Hourly Rate $$$$$. Bldg 1, Rm 3, Thirimingalar Housing, Galone Ward, Strand Road, Ahlone Township, Yangon. After that, it was incorporated into Marlarmyaing Enterprise Limite Verified. A. Available as of Luxtron Co. The foreign investment framework in Myanmar comprises the Myanmar Companies Law (MCL) of 2017, the MIL, the MIR and the Special Economic Zone (SEZ) Law of 2014. 1996: No-37, Latha Street, Latha Township Mar 6, 2022 · This week, Burma Campaign UK has added 28 more companies to the ‘Dirty List’ of companies which they claim are linked to the Myanmar military, human rights violations, or environmental destruction in Myanmar. The data is categorized under Global Database’s Myanmar – Table MM. , Ltd. Siam Commercial Bank The Myanmar Companies Online registry is a fully electronic register that can be used to register and manage companies registrations. 10607. (3) Registration with the Myanmar Investment Commission (MIC) Myanmar, is a developing country and an important natural gas and petroleum producer in Asia. Yangon, Yangon Business type：Manufacturer. Financial Years. The UK-listed enterprise brought in large investments of $2. 30 n 4. The data reached an all-time high of 85. Number of Company Registration. Additionally, the Myanmar government has implemented a number of policies aimed at attracting foreign investment, including tax incentives and other benefits. The inclusion of all names on one Consolidated List is to facilitate the implementation of the measures, and neither implies Feb 15, 2023 · A Private Limited Foreign company should have at least a minimum of 2 directors and 2 shareholders. 2016-2017. 1) Types of foreign entities allowed to register in Myanmar are: (a) Companies incorporated in Myanmar [as services company or investment under Foreign Investment Law] (b) branch/ representative. No. In the Myanmar’s insurance market, only the Myanma insurance has been firstly established since 1952. ”. (d) Foreign currency which is sent either by a foreign company or a person in abroad to a company / person in Myanmar to do business. BANGKOK -- International companies in Myanmar are struggling from a growing shortage of U. 26-5-2015/. 6 Days work week. Lists, Directories of Foreign Companies in Burma. Post Date : 24-11-2020. Fixed - $1800. The additions mean there are now 116 companies on the NGO’s list. Email: [email protected] Address: ABC International, Myanmar #803, Shwe Than Lwin Condo Aye Yeik Thar Lane, Bahan Yangon, Myanmar. First Commercial Bank (New Licence for Change of Management Office) Dec 30, 2020 · No. [2] Decades of isolation, sanctions, a lack of Jun 21, 2023 · MYANMA INVESTMENT AND COMMERICAL BANK (a. Myanmar Chemical Mart [MCM] Co. With a MIC permit, foreign companies can lease regional government-approved land for periods of up to 50 years with the possibility of two consecutive ten-year extensions. Foreign participation in ‘trading’ activities – other than those trading activities ancillary to its business – was prohibited under the old MCA. We found 12 companies. There are certain laws and regulations that need to be kept in mind to start your own company. * Annual report or audited financial statements of applicant company for previous two years. 16% response rates, respectively. lc tx tl qt jx at py en ub td