On 20^th October 2020, the Directorate of Investment and Company Administration (“DICA”) issued its Notification No. 92/2020 to rule that the stay period of resident directors of companies registered under the Myanmar Companies Law (“MCL”) will not include the Covid-19 lockdown period.

Pursuant to Section 4 Sub-section (a) (v) of the MCL, a company must have at least one resident director who stays at least 183 days in Myanmar during each 12-month period from its incorporation date.

However, due to the entry/exit restriction officially announced by the Government of Myanmar effective from 29^th March 2020, DICA will not include the period from 29^th March 2020 until the date of the official cancellation of the entry/exit restriction when DICA determines the stay period of the resident director.

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