The first day of August 2018, the effective date of the Myanmar Companies Law, will be a remarkable day that will bring landmark reform and a game changer for the Myanmar’s business environment. The Myanmar Companies Law, a regulatory foundation for companies and private sector economic enterprises, and Electronic Registry system (MyCO) were launched simultaneously on 31 July 2018 at Melia hotel in Yangon for the smooth running of companies.  Around 200 people attended the ceremony including officials from Directorate of Investment and Company Administration, representatives from government departments, development partners, local and foreign investors from private sectors, legal consultants and media.

H.E U Soe Win, Union Minister for Planning and Finance attended the ceremony and delivered an opening speech.  In his speech, the Union Minister said that Myanmar Companies Law is a legal reform that could have marked changes on Myanmar economy.  By creating an enabling business environment and reducing the regulatory burden, the Myanmar Companies Law would help the development of Myanmar’s economy with the success of company registration system.  He congratulated to those who have made a concerted effort to get ready for the implementation of a law that is fundamental to the business sector and Electronic Registry.