Non-paper - 31 Aug 2017 - What is Myanmar’s import and export procedure?6 Oct 2017
The import and export procedure follow the same rules, but the respective licenses are different.Foreign companies that wish to import or export must register with the Directorate of Investment and Company Administration (DICA). They can register up to five years and obtain a digital single clearance window at the One Stop Service (OSS) provided by DICA.
Once the company is registered with DICA, it must also register itself with Myanmar’s Department of Trade under the Ministry of Commerce, and join the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). Companies can register up to three years with theDepartment of Trade and at annual cost of K 50,000 (US$ 36.50).
All exporters and importers are required to join UMFCCI. For exporters, there are four types of entities which can apply for export: limited companies, joint venture corporations, co-operatives (registered under the Co-operative Societies Law), and foreign firms registered under the Myanmar Investment Law, 2016.