DICA Myanmar Company Registration

DICA Myanmar Company Registration

The Directorate of Investment and Company Administration (DICA) is Myanmar’s official government agency responsible for company incorporation, investment facilitation, and regulatory compliance. Registering your business with DICA is a mandatory step for both local and foreign entrepreneurs looking to operate legally in Myanmar.

This comprehensive guide covers the entire process of DICA Myanmar company registration, eligibility criteria, required documents, fees, timelines, and post-registration compliance to help you navigate Myanmar’s business setup landscape confidently.

What is DICA and Its Role in Company Registration?

  • DICA functions under Myanmar’s Ministry of Investment and Foreign Economic Relations (MIFER).

  • It governs company incorporation under the Myanmar Companies Law 2017.

  • DICA manages the online company registration platform known as MyCO.

  • Ensures compliance with investment and company regulations.

Types of Companies You Can Register with DICA

  • Private Limited Company: The most common and flexible type of company. Requires at least one shareholder and one director.

  • Public Limited Company: Suitable for larger enterprises; can raise capital from the public. Requires at least three directors.

  • Branch Office: Extension of a foreign parent company. Limited operational scope.

  • Representative Office: Non-income-generating entity used for liaison and market research.

DICA Company Registration Process: Step-by-Step

  • Company Name Reservation

    • Submit the proposed company name via the MyCO portal.

    • Approval typically takes 1–2 working days.

  • Prepare Incorporation Documents

    • Draft Memorandum & Articles of Association.

    • Compile shareholder and director details.

    • Provide registered office address in Myanmar.

  • Online Submission through MyCO

    • Upload all required documents.

    • Pay the prescribed government fees digitally.

  • DICA Review and Certificate Issuance

    • DICA reviews the application for compliance.

    • Upon approval, the Certificate of Incorporation is issued within 3–5 working days.

  • Post-Incorporation Compliance

    • Register for tax identification.

    • Apply for necessary business licenses.

    • Open corporate bank accounts.

Documents Required for DICA Company Registration

  • Copies of passports of shareholders and directors.

  • Proof of residential address.

  • Passport-size photographs.

  • Memorandum and Articles of Association.

  • Registered office address proof.

DICA Registration Fees

  • Name reservation fee: approximately 5,000 MMK (~3 USD).

  • Company registration fee: approximately 20,000 MMK (~12 USD).

  • Stamp duty applicable based on authorized share capital.

Payments are made online through the MyCO portal.

Foreign Investment Considerations

  • Foreign investors must register with DICA to obtain legal recognition.

  • Certain sectors require approval from the Myanmar Investment Commission (MIC).

  • DICA coordinates with MIC to facilitate foreign investment approvals.

Post-Registration Compliance

  • Annual returns must be filed with DICA.

  • Maintain statutory registers and records.

  • Comply with Myanmar tax regulations.

  • Renew licenses as per industry requirements.

Why Choose YKG Global for Your DICA Company Registration?

  • Deep expertise in Myanmar’s regulatory environment.

  • Seamless handling of all documentation and submissions.

  • Dedicated support for foreign investors navigating local rules.

  • Transparent pricing and timely communication.

Proven track record with successful Myanmar company registrations

Call us or fill out our contact form to schedule a consultation today.

📧 Email: Rishi@ykgglobal.com
🌐 Website: www.ykgglobal.com
📱 Call/WhatsApp: +91 76782 77665
📍 Offices: Delhi | Mumbai | Dubai | Singapore

 

FAQ'S

Q: Is registration with DICA mandatory for all businesses in Myanmar?
A: Yes, to legally operate, all companies must be registered with DICA.

Q: Can foreigners register companies through DICA?
A: Yes, foreign individuals and entities can register companies, subject to sector regulations.

Q: How long does the DICA registration process take?
A: Typically between 5 and 7 working days from name reservation to certificate issuance.

Q: Is physical presence required for registration?
A: No, the entire process can be completed online via the MyCO portal.

Q: Can a company open a bank account after DICA registration?
A: Yes, DICA registration enables the company to open corporate bank accounts.

 

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