Business Organization
ubein

Registration of Business Organization

Operating in Myanmar can by carried out through one of the following business organization.

  • Partnerships
  • Companies limited by shares. i.e. joint venture companies; local companies, foreign companies.
  • Branch or Representative Offices of a foreign company.
  • Associations not for profit

 

Partnerships

The partnership's rights and obligations are based on the agreements between the partners and the Partnership Act of 1932. In accordance with the Act, the number of partners is limited to twenty. A partnership firm may be registered, but registration is not compulsory. All partnerships formed in Myanmar are of unlimited type. When no provisions are made for the period of time, the partnership will be dissolved when all partners willing to do so.

 

Companies Limited by Shares

A company limited by shares is required to register. For Foreign enterprises the most normal method of doing business in Myanmar is through a limited company. Such a company could be a foreign company registered in Myanmar or a branch office or representative office of a company formed outside Myanmar. If one share is owned by a foreign partner, the company shall come under the definition of a foreign company, and shall apply and obtain a Permit before registration. There are two main types of company: a private and a public limited liability company.

  • In a private limited company, the transfer of shares is restricted, the public cannot be called upon to subscribe for shares, and the number of members is limited to fifty.
  • In a public limited liability company, the number of shareholders must be at least seven. The company, after registration, must apply for a Certificate of Commencement of Business to enable start the business operation.
  • The governing law for the limited companies is the Myanmar Companies Act 1914. A company with share contribution of the State shall be registered under the Special Company Act 1950 and the Myanmar Companies Act 1914.
  • There are generally no minimum share capital requirements. However, minimum requirements do exists for banking and insurance companies and foreign companies and branches of all businesses. For foreign companies and branches, the minimum capital to be brought in are as follows;
    Industry company - foreign currency equivalent to kyat 1,000,000
    Services company - foreign currency equivalent to kyat 300,000

 

For Export / Import

Enterprise whose operations involve foreign trade has to apply for registration as an exporter or importer with the Export Import Registration Office under the Ministry of Commerce.

 

 

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Useful Myanmar Phrases

Auspicious to you all
Mingalar Bad


How are you?
nei kaun: ye. la:


Good morning
mingala nan ne khin: ba


Good evening
kaun: tho: nya. nei khin: ba


Good night/Good Bye
thwa: bi


Thank you
kyei: zu: tin ba de


Thank you very much
kyei: zu: amya: gyi: tin ba de


I cannot speak Myanmar
Myanmar lo matat' bu:


Do you understand?
khamya: na: le tha la:


May I take a photograph?
da' poun yai' lo. ya. mala:


May I use the telephone?
te li hpon: thoun: lo. ya. ma. la:


Where is the restroom?
ein tha be ma shi. tha le:


How much?
be lau' le:


What's that?
e: da ba le:


Very expensive
zei: mya: de


See you again
noun gya. thei: da paw.


Please to meet you.
twei. ya. da wan: tha ba de


Good luck
kan kaun: ba zei


Sorry
sel' mashi ba ne.


Excuse me
thi: khan ba


It's all right.
ya ba de


Yes (Male)
hou' ke khin bya.


Yes (Female)
hou' ke shin.


No
hin. in:


Really?
da ge la:


It's impossible.
ma hpyi' nain bu:


Possibly
hpyi' nain ba de


I beg your pardon (Male)
khin mya (?)


I beg your pardon (Male)
Shin (?)


Can I help you?
ku nyi ba ya. zei


Help!
kegya. ba oun:


Beautifull
hla. lai' ta


I want...
...gyin de


Directions

I want to go...
... go thwa: gyin ba de


Where is...?
...be na: ma le:


Turn left
be be cho:


Turn right
nya be cho:


Straight ahead
te, de. thwa: ba


Stop here
dima ya' ba


Slow down
hpyei: byei:


Be careful
tha di: hta: ba


Be careful, don't drive too fast
tha di: hta: ba: phyie: byei: maun:


Turn back
pyan hie:


Turn back
pyan hie:


How much do I owe you?
be lau' kya. tha le:


Keep the change
maan: ne. daw


Places

Airport
lei zei


Bus Station
ba saka: hma' tain


Railway Station
buda youn


Hotel
hou te


Embassy
than youn:


Hospital
hsei: youn


Clinic
hsei: gan:


Police Station
ye: sa khan:


Post Office
sa dai


Market
zei:


River Boat jetty
thin: baw: zei'


Guest house
e. yei' tha


Restaurant
sa: thau' hsain


Travel Related Links

Association of Southeast Asia NationsASEAN
Association of Southeast Asia Nations
www.aseansec.org


Association of Southeast Asia NationsASEAN
Association of Sou<<4R543W90-=98theast Asia Nations
www.aseansec.org

Pacific Asia Travel AssociationPacific Asia Travel Association
http://www.pata.org/

Myanmar Hotelier Association
Myanmar Hotelier Association

http://www.myanmarhotelier.org



  MTFMyanmar Tourism Federation
  http://www.myanmar.travel/

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