According to the amended Myanmar Company Act, all companies must re-register at Directorate of Investment and Company Administration online or at the DICA‚Äôs office starting on August 1st. There will be no charge for those re-registering, according to DICA.
Companies will be able to re-register online starting from August 1st when the amended Myanmar Company Act comes into effect and DICA then will establish a system called Myanmar Companies Online (MyCO) where everyone can have access to the information of companies.
‚ÄúOnce online registration comes online, all the companies and enterprises can register free of charge. Their company certificate must be changed to the new one,‚ÄĚ U Aung Naing Oo, Director General of DICA, told the press at DICA‚Äôs office in Yangon.
DICA will inform the official link of the re-registration system before August 1st and companies must be able to provide a report every three months online. The companies, which need to submit a quarterly report, will be informed online. The companies that register for the first time will be able to pay registration fees with Debit Card, Credit Card or MPU Card.
‚ÄúIf you register online, it will only take a few minutes and you will get new company certificate. Moreover, we are working with Internal Revenue Department to help companies pay taxes easily,‚ÄĚ U Aung Naing Oo said.