The Directorate of Investment and Company Administration (DICA) is requesting all registered companies, branches and representative offices in Myanmar to submit a company letter to DICA to confirm their activity in Myanmar. DICA announced this on its website on 24 August and ran public announcements on 25 and 26 August.
The letter must be on company letterhead and include the following details:
- Company name
- Registration number
- Registration date
- Registered address
The letter needs to state that the company is currently carrying on business in Myanmar and has to be signed by a director or a representative. Entities are required by DICA to attach to their letter the latest Form 26 or Form 18 as applicable, as well as the Certificate of Incorporation and the Permit to Trade.
The letter must be delivered to DICA no later than 14 September 2015. DICA officials have said the exercise is to assist the regulator to update their registers and expunge defunct companies. While there are no scheduled sanctions for failure to submit the required letter confirming operations, an entity may risk deregistration for failing to comply.
For further information and assistance preparing the required letter, please contact DFDL Myanmar at email@example.com.
The full text of the announcement and link are below:
Notification for Companies
The Directorate of Investment and Company Administration (DICA) currently registers companies under the Myanmar Companies Act 1914 and Special Company Act 1950. All registered companies (including companies with current or expired registration certificates) are advised that each company must inform DICA of whether the company is currently carrying on business by 14 September 2015 latest, by contacting the DICA main office or branch offices by email, phone, fax or post at the details set out below. Companies which do not provide notice to DICA are advised that DICA may take appropriate action in accordance with the Myanmar Companies Act 1914.
Yangon (Head Office):
No.1, Thitsar Road, Yankin Township, Yangon
Nay Pyi Taw Office:
Office No. 32, Nay Pyi Taw
Mandalay Region Office:
Between 26th & 27th Street, 84 Street, 3rd Floor, Zay Cho East Wing,
Chan Aye Thar Zan Township, Mandalay Region
Shan State Office:
Compound of the Directorate of Trade Promotion and Consumer Affair,
East Circular Road, Yay Aye Kwin Quarter,
Taunggyi Township, Shan State
Mon State Office:
No. 401, Strand Road (Extension), Mayangone Quarter,
Mawlamyaing Township, Mon State
Bridget Di Certo
* The information contained in this legal update is provided for information purposes only, and is not intended to constitute legal advice. Legal advice should be obtained from qualified legal counsel for all specific situations.