Myanmar

Ease of Doing Business in

Myanmar

This page summarizes Doing Business 2014 data for Myanmar. The first table lists the overall "Ease of Doing Business" rank (out of 189 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region East Asia & Pacific
Income Category Low income
Population 52,797,319
GNI Per Capita (US$) 835
City covered Yangon
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
182 182 0

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Change in DTF** (% points)
42.38 41.72 down 0.66
Positive=Doing Business reform making it easier to do business. Negative=Doing Business reform making it more difficult to do business.
 

Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2014 Rank 189 DB 2013 Rank*** 189 Change in Rank 0
DB 2014 DTF** (% points) 20.29 DB 2013 DTF** (% points) 18.99 Change in DTF** (% points) up1.30

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Myanmar East Asia & Pacific OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
11 7 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
72.0 37.8 11.1

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
176.7 29.8 3.6

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
7,016.0 293.3 10.4
No. Procedure Time to Complete Associated Costs
1 Obtain reference letter from the ward chief 2 days no charge
2 Obtain criminal history from the township police station 1 day no charge
3 Conduct a name check at the Company Registration Office (CRO) at the Directorate of Investment and Company Administration (DICA) 1 day paid as part of company incorporation fees
* 4 Request temporary business incorporation certificate 1 day, simultaneous with previous procedure 1,000 Kyat application fee
5 Obtain signature of the directors before a lawyer or certified public accountant 1 day The cost of witnessing the signature of the memorandum and articles of association: 40,000 Kyat.
6 Payment of registration fees 1 day 1 million kyat (registration fees) + 15,000 kyat (administrative fees) + 1,000 kyat (stamp duty)
7 Obtain temporary certificate of incorporation 3 days paid as part of company incorporation fees
8 Obtain the permanent incorporation certificate 2 months paid as part of company incorporation fees
* 9 Pay the stamp duties for the permanent incorporation certificate 1 day, simultaneous with previous procedure 200,000 Kyat
10 Obtain a seal or a rubber stamp 1 day 2,000 Kyat
11 Register for commercial tax 1 day no charge
* Takes place simultaneously with another procedure.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the topics including Getting Electricity across all economies included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

***Last year's rankings are adjusted: they are based on 10 topics and reflect data corrections.

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