In May 2025, the Directorate of Investment and Company Administration (DICA) removed 400 companies from the register for failing to file their annual returns (AR) on the MyCO system. Earlier this year, 1,500 companies in both January and February and 900 in March also failed to comply. However, no company missed AR submission in April.
Companies who fail to file ARs within 13 months risk suspension, and under Section 430(F) of the Myanmar Companies Law, they would be struck out if they are not corrected within 6 months, according to DICA. Companies must pay a total of K250,000 in penalty to reinstate their registration.
Since 2018, over 19,000 companies have failed to meet AR requirements. DICA urges all businesses—local, public, and overseas—to comply with filing rules to avoid penalties and ensure legal operation.
Source: The Global New Light of Myanmar