Branch and Representative Offices in Myanmar

Establishing Branch and Representative Offices in Myanmar 

Charltons Myanmar assists companies seeking to establish branch and representative offices in Myanmar. The key characteristics and obligations of branch and representative offices are set out below:-

 

Branch Offices in Myanmar 

A foreign branch formed under the Myanmar Companies Act does not need to obtain an MIC Investment Permit, and is only required to apply for a Permit to Trade and then for registration. The branch is allowed to be formed as a manufacturing or a services company.branch and representative offices

  • Applications are made to the DICA
  • Local office of a foreign company
  • No local ownership
  • No limited liability
  • Often used as starter entity to commence operations
  • Can lease an office and hire  local employees
  • Tax –  25% (Under FIL) / 35% under MCA
  • Annual tax return required
  • Tax status as non-resident foreigner
  • No other corporate filings
  • Filling fee of USD2500

Representative Offices in Myanmar 

Foreign companies with business relations or investment projects in Myanmar may apply to open representative offices in Myanmar (it is common for a bank to establish a bank representative office). In contrast with a branch, a representative office of a company incorporated outside Myanmar is not allowed to perform direct commercial or revenue generating activities in Myanmar.  Representative offices typically engage in liasion or marketing activities on behalf of the head office.

  • Non income earning
  • Banks and insurance companies only
  • Applications are made to the DICA
  • Liaison activities only
  • Joint ventures to be permitted in the near future
  • Annual tax return required
  • Tax status as non-resident foreigner
  • No other  corporate filings
  • Filling fee of USD2500
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