The Myanmar Directorate of Investment and Company Administration (DICA) announced today that the company affairs division will be temporarily closed from 23-31 July 2018 in preparation for the commencement of the new Myanmar Companies Law and the implementation of the new electronic registry system called MyCO. The announcement was published in the Global New Light of Myanmar, a local daily newspaper.
According to the announcement, company registration and filing processes will be temporarily suspended during this 7-business day period. DICA's services will resume on 1 August 2018 under MyCO.
The announcement is a clear indication that the implementation of the Myanmar Companies Law and the new registration system will be rolled-out as scheduled on 1 August 2018.
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