Ease of Doing Business in


Myanmar Download Profile (1844.5KB, pdf)
Region East Asia & Pacific
Income Category Lower middle income
Population 53,897,154
GNI Per Capita (US$) 1,293
City covered Yangon



DB 2017 Rank



DB 2017 DTF (% points)

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Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 170 171 up
44.56 44.01 down
Starting a Business 146 170 up
77.10 66.57 up
Dealing with Construction Permits 66 72 up
72.23 71.03 up
Getting Electricity 149 150 up
52.17 50.92 up
Registering Property 143 145 up
49.37 49.32 up
Getting Credit 175 174 down
10.00 10.00
Protecting Minority Investors 179 181 up
28.33 28.33
Paying Taxes 119 117 down
64.05 63.95 up
Trading across Borders 159 149 down
47.40 55.05 down
Enforcing Contracts 188 188
24.53 24.53
Resolving Insolvency 164 163 down
20.39 20.39

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 146

DB 2016 Rank: 170

Change in Rank: up24

DB 2017 DTF (% points): 77.10

DB 2016 DTF (% points): 66.57

Change in DTF (% points): up10.53

Indicator Myanmar East Asia & Pacific OECD high income
Procedure – Men (number) info_outline 11.0 7.0 4.8
Time – Men (days) info_outline 13.0 23.9 8.3
Cost – Men (% of income per capita) info_outline 40.4 19.0 3.1
Procedure – Women (number) info_outline 11.0 7.1 4.8
Time – Women (days) info_outline 13.0 23.9 8.3
Cost – Women (% of income per capita) info_outline 40.4 19.0 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 12.3 9.2
No. Procedure Time to Complete Associated Costs

Conduct a name check at the Company Registration Office (CRO) at the Directorate of Investment and Company Administration (DICA)

Agency: The Company Registration Office (CRO) at the Directorate of Investment and Company Administration (DICA)

On the first visit to the Companies Registries Office (CRO) at the Yangon Directorate of Investment and Company Administration (DICA) office, the proposed name for the new business must be checked and cleared. There is an electronic database at DICA since October 2012 that makes it easier to check and to complete this procedure within the same day. The request is made and depending on the workload the check will be done in either a few minutes or a few hours at most, in the meantime the business owner or representative can wait in the office.
1 day Kyat 1,000 (form fee)

Request business incorporation certificate

Agency: Directorate of Investment and Company Administration (DICA)

Once the name check is complete, the following documents are automatically generated by CRO based on the information provided on the application form (to conduct name check) and are checked for accuracy by the applicant:

o Application form (company name, list of directors with ID# and addresses, authorized capital, initial paid up capital, address)
o Memorandum and Articles of Association (for local company, only Burmese version is required, though for English there is also a standardized format available)
o List of proposed business activities (to be included in the Memorandum of Association)
o Photocopy of the national registration certificate for each director (includes dates of birth, relationship, occupation, ID#, ethnicity, citizenship, religion). This is a standard form which each director already has in his/her possession.
o Copy of the township household list (each director to provide)
o Ward reference letter (each director to provide)
o Criminal history letter from the township police station (each director to provide)

The applicant checks the accuracy of the generated documents, and goes back to the directors/shareholders to obtain relevant signatures on the application form and memorandum and articles of association.
1 day Kyat 5,100 (application fee)

Obtain signature of the directors before a lawyer or certified public accountant

Agency: Law or Accounting firm

The memorandum and articles of association are signed before a lawyer or CPA. The cost of witnessing the signature of the memorandum and articles of association are about 40,000 Kyat.
1 day Kyat 40,000 for witnessing the signature of the memorandum and articles of association

Payment of stamp duty and registration fees

Agency: Directorate of Investment and Company Administration (DICA)

Payment of stamp duty on the Articles of Association, can be done at the one-stop-service for company registration at DICA.
1 day Kyat 500,000 (registration fees) + Kyat 60,000 (stamp duty)


Open Bank Account

Agency: Bank

After paying registration fees DICA issues a letter to confirm that the company has been registered. The applicant takes this letter to a bank and opens an bank account in the company's name.
1 day
no charge

Obtain certificate of incorporation

Agency: Yangon Directorate of Investment and Company Administration (DICA)

After opening a bank account, the applicant returns to the CRO (DICA) to submit evidence of bank account to DICA and to obtain the incorporation certificate. It needs to be reviewed and signed by the Assistant Director and the Deputy Director of the CRO. The applicant is informed by the DICA when the definitive certificate is ready to be picked up. The certificate is valid for 5 years.
3 days paid as part of company incorporation fees

Submit certification of registration documents (CRD)

Agency: Yangon Directorate of Investment and Company Administration (DICA)

Entrepreneurs submit Form 6 (Shareholder list) and Form 26 (Director list) to DICA. These forms contain information on whom owns shares in the company, the list of board of directors, a description of the roles, and other pertinent information.
1 day no charge

Obtain a seal or a rubber stamp

Agency: Sealmaker

According to the law, a company seal is required for a newly constituted firm to operate. However, in practice a rubber stamp is used and accepted. It can be produced in shops in downtown Yangon for a cost of 2,000 kyat.
1 day Kyat 2,000

Register for commercial tax

Agency: Township Internal Revenue Department Office

Registration for commercial tax (similar to VAT): companies are obliged to register with the tax authorities one month before the start of their business if the business is expected to generate turnover subject to commercial tax (a broad array of products fall into this category, including manufactured goods). Furthermore, within 10 days of starting a business the tax authorities should also be informed.

DICA compiles a list of newly registered companies each month and sends this information to the relevant townships where the businesses are located.
1 day no charge

Registration of employees at the Labor office in township

Agency: Labor office

Registration of employees at the ministry is mandatory for labor tax purposes.
1 day No charge

Registration with the Social Security Board for social security benefits

Agency: Social security board

Company needs to register employees at the social security office for health and pension fund benefits.
1 day No charge