Myanmar

• Anti-corruption compliance
• Corporate governance and corporate compliance
• Labour law compliance
• Regulatory compliance
• Tax compliance

• Negotiation and drafting of commercial agreements
• Registration of deeds and contracts with the authorities
• Advice and assistance on stamp duty payments

• Capital measures (increase and reduction in capital, cash and in kind)
• Advice to members of executive and supervisory boards
• Shareholders agreements, constitutions and rules of procedure
• National and international joint ventures
• PPP projects
• Liquidation and insolvency proceedings
• Disputes among shareholders

• Employment contracts for employees, managers and directors
• Employment policies
• Registration of employment contracts with Myanmar labour authorities
• Corporate restructuring, redundancy and compensation plans
• Secondments
• Social security insurance

• Support and advice on the choice of location
• Advice with regard to the appropriate market entry and restrictions under the Myanmar Investment Law
• Planning, structuring and formation of companies, subsidiaries and branch offices
• Representation vis-à-vis regulatory authorities

• Visa, long-term stay permits and foreigner registration cards
• Labour cards
• Guest residence reports
• Form C (occupation of residential premises)

• Development and implementation of IP protection strategies
• Registration of trademarks, designs and patents
• Licence agreements, research and development agreements
• Outsourcing contacts

• Registration of foreign trading companies
• Review of general terms and conditions
• Supply and procurement agreements
• Distributorship and sales agency agreements

• Banking, finance and insurance law
• Corporate finance
• Loan and security agreements
• Registrations with the Central Bank and FRD
• Legal opinions

• Support in M&A transactions, privatisations and the establishment of joint venture companies
• Domestic and cross-border acquisitions by asset or share deal
• Due diligence
• Acquisition and project financing, including convertible loans
• National and international corporate restructuring measures
• Post-merger integration

• Advice with regard to the appropriate legal structures for non-governmental organisations, development organisations, foundations, social enterprises and charities
• Planning, structuring and formation of companies limited by guarantee, associations and NGOs
• Representation vis-à-vis regulatory authorities
• Tax exemptions

• Negotiation and drafting of sale and purchase agreements and leases
• Financing structures
• Representation vis-à-vis public authorities

• International tax (inbound and outbound)
• Direct and indirect taxes
• Tax structuring of M&A transactions
• Transfer pricing
• Remedies and actions relating to taxation and public charges

Luther Corporate Services together with its partners is able to assist its clients in time-consuming accounting and administrative matters, which every company needs to take care of. Our accounting & bookkeeping services and payroll processing services are ideal for the sustainable growth of the business organization as the impact of our services enable our clients to concentrate on growing and developing their business. 

1. Bookkeeping

• Setting up the chart of accounts
• Recording of all payments and funds received
• Preparation of monthly bank reconciliation statements
• Recording of all sales and trade debtors
• Recording of all purchase and trade creditors
• Recording of prepayments and accruals
• Recording of all assets purchased and related depreciation
• Recording of all commercial tax (CT) on the taxable purchases/supplies
• Extraction of monthly trial balances and general ledger

2. Management Reports

• Compiling of profit and loss account and balance sheet
• Generating aged financial analysis of debtors and creditors
• Business advisory services such as accounting reports and preparation of business plans
• Budget preparation and comparison and analysis of key components of financial performance

3. Statutory Accounting

• Preparation of financial statements and notes to the financial statements in compliance with the relevant financial reporting standards
• Review and computation of tax and deferred tax provisions for inclusion into financial statements

Luther Corporate Services offers advice and assistance in regard to the cessation of the business. This service includes the preparation and filing of all necessary documents for the voluntary winding-up of an entity.

We provide the complete range of corporate secretarial services to companies in Myanmar.

1. Provision of personnel to assume statutory positions or support the company with day to day activities, compliance and filing obligations, such as Representative for Branch

2. General Services to ensure statutory compliance

• Advice on corporate governance and compliance with the Myanmar Companies Act
• Setting up statutory books and registers
• Custody and maintenance of statutory books and registers
• Preparing and lodging of all prescribed forms and requisite documents with the Companies Registration Office (CRO)
• Preparation of notices, minutes, and other documents pertaining to directors’ and shareholders’ meetings (Annual General Meeting and Extraordinary General Meeting)
• Managing changes:
  • Change of name
  • Change in constitutional documents
  • Change in capital structure (transfer of shares, new issuance of shares, repurchase of shares)
  • Change of shareholders
  • Change of directors, managers, auditors
  • Change of registered office address
• Provision of registered office address including mail forwarding
• Opening of bank accounts and managing changes to bank signatories
• Corporate restructuring

Together with our partners, we provide fast and efficient service for the formation and registration of a company in Myanmar, whether in the form of a private limited company, branch or representative office. Our services include:

Setting up Services

• Private limited company
• Branch office
• Representative office

Advisory services on

• Type of entity to be established and the optimal corporate & tax structure
• Organisational structures
• Share capital/directors
• Joint Ventures
• Mergers & Acquisitions

Additional Approvals & Registrations

• MIC approvals for foreign investments under the Foreign Investment Law
• Preparation of Memorandum and Articles of Association, and other constitutional documents
• Obtaining other domestic registrations

At Luther Corporate Services we offer full outsourcing services for the management of payroll, personnel data and employee benefits. Our services include the following:

• Processing employee expense claims including payment
• Computation of net salary
• Computation of social security contributions
• Providing payroll reports & financial journals
• Handling payment of net salary, social security contributions and withholding tax
• Ensuring compliance with all tax and social security reporting requirements
• Support with immigration related matters

Our corporate and individual tax compliance services include:

• CT registration and preparation and submission of quarterly CT returns
• Preparation and filing of corporate tax returns including tax calculation with tax authorities
• Preparation and filing of individual tax returns and tax computation with tax authorities
• Advising on Double Taxation Agreements
• Advising on withholding tax issues, preparation and filing of withholding tax returns including claims for double taxation relief
• Advising on complex and international tax structures
• Negotiations with the Inland Revenue Department (IRD) regarding individual or corporate tax issues

Luther Corporate Services supports offers cash, fund & payment administration services. For smaller businesses where segregation of duties is an issue, our service functions as an additional internal control with regards to company fund spending.

• Administration of cash funds deposited with us or in client’s own bank accounts
• Cash forecasting and processing of accounts receivables
• Account signatory services to enable settlement of company payment obligations e.g. to suppliers, for payroll, for employee expense reimbursements
• Opening of bank accounts and managing changes to bank signatories
• Issue payment vouchers and arrangement of payments