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.