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วันอังคารที่ 17 กุมภาพันธ์ พ.ศ. 2558

Myanmar reduces timing for the company's registration

Myanmar reduces timing for  the company's registration


Myanmar leveled reduce the time of incorporation of 3 months to 3 days as a pilot city Yangon - Mandalay.

Site News Myanmar Times reported that Myanmar plans to shorten the licensing of new business for the company filed its entirety to just 3 days.

Lei Lei Thein, Deputy Minister of National Planning and Economic Development of Myanmar(MNDEP)revealed that the Office of Management and Registration (DICA), which is under the Ministry is in the process of applying for a reduction in the Burmese capital of the business sector in order to facilitate the company, in 5 areas as follows Yangon, Nay Pyi Taw, Mandalay, Mawlamyine and Tong Ji.

Meanwhile, the implementation of the business license information via the website of the Ministry, with the provided instructions and awareness to the corporate sector.

However, the entrepreneur is interested in investing in Burma to take licenses, trade and incorporation of 2-3 months. To benefit from the investment must obtain a license from the Myanmar Investment Commission (MIC) before with approximately 3-6 months. Unlike Thailand at the time of incorporation, only about one day.



Mr.Ath Pisawanich, Director of Center for International Studies, University of Thai Chamber of Commerce, said that Burma has been rated the difficulty of doing business (Ease of Doing Business) at relatively low levels throughout much of the world. 

As part of the registration of the company with the time consuming process. If this can be reduced to 3-day period, the actual number of Burmese gives up easily.

"When the process and timelines are shorter, it will attract both Thai business, businessmen in ASEAN and others to invest in Burma", Ath said.

The main companies that have the opportunity to do business such as manufacturing sector, consulting firm, the company took over the supply chain. More importantly, it is an opportunity for the small and medium-sized enterprises (SME) of Thailand into Burma registered in more easily. Because the cause of SME do not want to penetrate the international market due to the application for each process takes a long time to have high operating costs. But when the time to 3 days, it may make a decision to do business with small business needs in Myanmar easier, such as motorcycle parts.


However, that will not be useful to the operator of Thailand's major much because the major long-term planning for a year. Some companies already have invested Some companies even have a longer wait-listed group SMEs.

Burma has been ranked for difficulty in the business year 2015, the World Bank ranked 177 of 189 countries in the world, have scored 43.55 points.

The report stated that Burma is a country that improve the border trade was strongest in the last 5 years, with each year to improve the 23-story, reducing the time to send out the goods from Burma by 20% and reduce import Burmese down 19%.






tag
Myanmar, Myanmar investment, ASEAN community, AEC news online, online news, AEC economics news, AEC economics news,
agriculture news online,communications and telecoms news online, trading in Burma, 
company registration in Burma, Myanmar, Myanmar investment



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