Directorate of Investment and Company Administration (DICA) is currently unable to approve registration and re-registration of companies through online system as most of the companies have incomplete data, said its director U Myo Min. Under the new online registration system, the DICA will approve the online registration only when companies can fill required facts correctly. Although the DICA is conducting educative program through its website and TV channel, the majority of applicants still fail to follow the guidelines. The system occurred technical error on 1 August this year, when the online registration system was launched, as many people used it simultaneously. Therefore, the DICA approved only three companies on the first day. The DICA’s website became active again on 6 August. Until 10 August, the number of local and foreign companies which have made online registration has reached 591. However, nearly 1,000 companies are under scrutiny. The DICA phoned some companies which did not get approval.

Source- Myanmar Times

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