Over 25,600 companies have registered by using the MyCO Myanmar Companies Online registration system, according to Director U Myo Min of the Directorate of Investment and Company Administration (DICA).

The MyCO registration system was launched on August. Within three months until October, the number of new company registration with MyCo reached more than 5,600  and the number of old companies reached over 20,000.

The Directorate of Investment and Company Administration (DICA) have announced  that the existing registered companies have to re-register  by using MyCO registry on January 2019 and if an existing company does not register electronically before the deadline,  its registration will be canceled.

Source: The Global New Light of Myanmar

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