Myanmar Changes Documentation Rules For Share Transfers And Director Appointments

Myanmar's Directorate of Investment and Company Administration (DICA) has issued new documentation requirements for Myanmar-registered companies making changes to their shares or directors. Effective January 8, 2025, the DICA will only approve such changes when accompanied by specific supporting evidence as required under the Myanmar Companies Law 2017 (MCL).

Key Changes and Requirements

For share transfers, companies must submit the required application form, along with the following documents:

• Resolution from the company's board of directors approving the change of shares or share transfer.
• Copy of the share-transfer agreement signed by both parties, with proof of stamp duty payment.