• Tax resident LLC- This type of entity is otherwise also called a private limited company. 25% is the corporate tax rate imposed on the profits earned by the company.
• Representative Office- A representative office would be initiated under the foreign parent Company. Nonetheless, the representative office can do exercises which incorporate market surveying and acts as a communication bridge of the parent Company.
• Nominee LLC- USD 1 dollar is the minimum paid up capital compulsorily required to establish such entity.
• Limited Liability Partnership- This is otherwise called an LLP. The individuals of such entity are called partners. The partners are only liable to an extent. The profit and loss is shared among the partners in the ratio decided. Partners would likewise need to settle personal tax.
• Entirely foreign owned LLC- To establish this kind of entity typically foreign shareholders will be appointed. At least one shareholder needs to be appointed for such entity’s incorporation. 100 percent foreign ownership is taken into consideration for this type of entity. No minimum amount of capital is required to incorporate this sort of company.
• Local LLC- This is a locally incorporated limited liability company. At least one shareholder needs to be appointed for such entity’s incorporation. 35% foreign ownership is taken into consideration to establish this type of entity. No minimum amount of capital is required to incorporate this sort of company.
• Joint Venture- It is referred to those entities where a foreign company enters into an agreement with the domestic company to complete various types of business operations. At least two shareholders need to be appointed for such entity’s incorporation. USD 50,000 is the minimum amount of capital which is compulsorily required. Around 80% foreign ownership is taken into consideration to establish this type of entity.
• Joint stock company (PLC)- This entity is like an entity whose shares are listed in a public stock exchange. At least seven shareholders need to be appointed for such entity’s incorporation. USD 50,000 is the minimum amount of capital which is compulsorily required.
• Branch Office- A branch office is a simple expansion of a foreign parent company. Branch office can undertake profit making activities. An investor wanting to form a company can establish a branch office in Myanmar. At least one shareholder needs to be appointed for such entity’s incorporation.
• Representative office- It is a simple expansion of the foreign parent Company. Foreign parent company will be held liable for all the liabilities of the representative office. At least one shareholder is expected to be appointed in this type of entity.