DICA dumps 1,355 firms
YANGON - Myanmar's Directorate of Investment and Company Administration announced on April 8 that it had abolished the registration of more than 1,300 domestic and foreign companies, in conjunction with consultation with the Ministry of National Planning
This move came after 1,095 domestic companies and 260 foreign firms failed to contact the DICA. At the beginning of October last year, the DICA told companies to report for tax scrutiny.
More than 45,000 domestic companies, including 200 public businesses, in excess of 3,200 foreign firms and around 80 joint-venture companies are registered with the DICA.
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