In order to import goods into Myanmar a business must first register as a company authorized to engage in international trade with the Directorate of Investment and Company Administration (DICA), Ministry of Planning and Finance. Registrations can be up to five years.
How can I get import license in Myanmar?
The applicant (the company representative or agent) can file for the import license via semi online application on the TradeNet website (https://eservice.myanmartradenet.com/) or in person to submit the license application form along with a valid Pa-Tha-Ka registration and all required documents such as the …
What are the requirements to import goods?
- Import Permit or Clearance;
- Authority to Release Imported Goods (ATRIG);
- Proof of Origin for Free Trade Agreements (FTAs);
- Copy of an Advance Ruling, if the ruling was used in the goods declaration;
- Load Port Survey Reports or Discharge Port Survey Reports for bulk or break bulk importations;
Can you export to Myanmar?
U.S. Embassy Rangoon is committed to supporting American companies that are interested in starting or growing their exports to Burma. Exports of American products are generally permitted under existing law, with the exception of exports of defense articles and defense services destined for Burma.
Can I import goods without a company?
Yes, you don’t need to register a company to import products. At least not in most markets. As such, individuals can import products from abroad, and have the cargo cleared through customs. All taxes, such as import duties and VAT, can also be paid directly by the individual.
How much money can you take out of Myanmar?
Foreign currencies: unlimited. Nationals of Myanmar must declare all foreign currency upon arrival. Foreigners must declare amounts exceeding USD 10,000.
What are Myanmar Major imports?
Myanmar mainly imports fuel, vegetable oil, vehicles, pharmaceutical products, construction equipment, polymers, tires and machinery. Myanmar’s main imports partners are China, Japan, India, Indonesia, Germany, France and Hong Kong.
What are the 4 types of importation?
There are four types: Free importations (goods that are not regulated, restricted or prohibited); Regulated importations (goods regulated by government regulating agencies); Restricted importations (goods that are allowed only under very specific conditions provided in the CMTA); and.
How do I register for customs?
Register AD Code with Customs
- The AD Code registration authority letter issued by your banker.
- Self-attested copies of: GST registration. Last three years’ IT returns of the company or self and partner’s. Bank statement, generally for the last 12 months. Company’s Import-Export (IE) Code. Company’s PAN. Board resolution.
Can I import from Myanmar?
There are no A* restrictions on imports from Myanmar.
What is Myanmar biggest export?
Oil and natural gas dominate Myanmar’s exports. Its abundant natural resources, labour force, and proximity to Asia’s dynamic economies have attracted foreign investment in the energy, garment, IT, food and beverages sectors.
How do I export goods from Myanmar?
An export must register as a company authorized to engage in international trade and then register as an exporter with the Directorate of Investment and Company Administration (DICA), Ministry of Planning and Finance. Registrations can be up to five years. DICA has a One Stop Service (OSS) to facilitate registration.
How do I become an importer exporter?
Keep reading for the steps you need to take to start an import/export business, as well as tips from Cuffe.
- Get your business basics in order. …
- Pick a product to import or export. …
- Source your suppliers. …
- Price your product. …
- Find your customers. …
- Get the logistics down.
How do I import goods from another country?
The five basics steps you need to know before becoming an importer are as follows:
- Decide the country. Different countries have different export/import regulations. …
- Search for suppliers. …
- Search the duty and taxes. …
- Find a reliable freight forwarder and customs broker. …
- Ship the goods on time.
Do I need a import license?
An import licence is not needed to import most industrial goods into the UK. However, some industrial goods need import licences as a result of controls imposed at national or UN level. These are issued by DIT ‘s Import Licensing Branch ( ILB ).