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Second chance to re-register your company before being struck off the registry

Second chance to re-register your company before being struck off the registry

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 in Myanmar.

As per the Myanmar Companies Regulations 2018, “carrying on business” means any form of administration, management or otherwise dealing with property situated in Myanmar as an agent or legal representative. This includes exercising shareholders rights in other companies in Myanmar, including voting on shareholders meetings.

Registrations will need to be made in person.

AUTHOR

My is an experienced tax manager with a degree in Foreign Economics from the Foreign Trade University, Ho Chi Minh City. She has over seven years of experience, and worked with PricewaterhouseCoopers and DFDL in Vietnam before joining VDB Loi. She specializes in investment and tax advisory. My Le has assisted Mitsui&Co, Ooredoo and Pan Asia Towers with their investment licensing applications and with obtaining telecom licenses. Additionally, she has led in breaking through newly emerged and highly challenging permits and licenses for foreign investment in beverage, pharmaceutical and trading industries.


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