What are the types of companies in Myanmar?

There are different types of companies in Myanmar. These are:

1. Limited Company: It is the most common company type in Myanmar. Requires at least one shareholder and one director. Shareholders share in the company's profits and losses, while the manager is responsible for the day-to-day affairs of the company. Limited liability companies have limited liability, meaning shareholders' liabilities are limited to the company's assets.

2. Joint Venture: These are companies established by local and foreign investors. Joint venture companies are generally used in large-scale projects and profit sharing is done between domestic and foreign partners.

3. Public Company: These are companies controlled and managed by the Myanmar government. These companies generally operate in strategic sectors and implement the state's economic policies.

4. Cooperative Company: These are companies established among farmers, workers or other groups. Profit sharing is done among members and decisions are made democratically. 5th Person Company: It is the simplest type of company established by individuals to do business in Myanmar. It is managed by individual entrepreneurs and there is no distinction between the existence of the company and the existence of its owner. Sole proprietorships do not carry limited liability.

6. Foreign Company: These are companies established and operating in Myanmar by foreign investors. Companies wishing to invest in foreign capital must register in accordance with local laws. Each of these company types offers different advantages and disadvantages and offers different options for entrepreneurs looking to do business in Myanmar. Investors should choose the appropriate type of company based on the company's business, size, risk tolerance and other factors. It is also important to get support from a professional legal advisor in this process.