Our Services in Myanmar
01
Accounting Services
We provide business start-up consulting and general business consulting, financial statement preparation: reviews and compilations, income tax planning and consulting, monthly, quarterly, and annual financial reporting statements, business management and accounting assistance.
We provide our clients with value integrated accounting and outsourcing accommodations and services including tax, assurance, financial and valuation accommodations for your business. We specialize and concentrate in providing accounting solutions to certified service organizations. We offer a wide-ranging services to meet our clients’ needs and wants.
02
Internal Audit Services
Our services offer objective assessments to the audit team, evaluating the organization’s risk, governance, control, and operational activities. We also serve as advisors, integrating critical services into the audit team’s processes through strong partnerships and trust with internal auditors.
The mission of our internal audit services is to provide independent opinions on management quality and internal control systems. Additionally, we offer comprehensive solutions, including setting up entire internal audit departments tailored to your company’s operations and providing training.
The benefits of a robust internal control system include asset protection, fraud prevention, operational efficiency, financial reliability, regulatory compliance, and the establishment of effective monitoring procedures.
03
HR & Payroll Services
We provide hr consulting team to help you to accumulate policies, orientations, expectations, onboarding instructions and essential hubs for your teams and employees to get career development resources, benefits enrollment, time reporting and more services which would be modified to your evolving business needs.
We’ll also provide payroll services such as payroll tax statements, payroll calculations, year-end taxes, issues of employment contracts, fitting reports within deadlines set in arrangements and formation of pays on payrolls.
04
Liquidation Services
Company liquidation is the process of shutting down a company due to an inability to pay its debts. Assets are distributed to creditors and shareholders based on their claim priorities. A liquidator oversees the process, appointed either by the court or shareholders.
Types of liquidation include voluntary, initiated by shareholders unable to pay creditors, and compulsory, mandated by court order if deemed just. Liquidation subject to court supervision occurs when voluntary winding up is overseen by the court.
05
MIC permit and Endorsement Application
MIC permit is required for businesses that are
Strategic for the Union of Myanmar
Large capital intensive projects
Projects which have a large potential impact on the environment and local society
Use the state-owned land and Building and
Designated by the government to require the submission of a proposal to the Commission.
Business or investment that do not fall under 5 categories above do not require a MIC permit but would need to submit MIC endorsement application.
The following procedures are the general step of MIC permit application.
stage 1-collect information from dica
stage 2-prepare documents
stage 3-review by dica proposal assessment team (pat)
stage4-review by myanmar investment commission (mic)
stage 5-obtaining results
06
Business planning and advisory
We can help with accomplishment and achievement of all essential elements of a business plan necessary to secure for those who needed to support required investments and expedite interdepartmental collaboration and cooperation.
We can help by providing detailed advice depend on project scope, nature of investment and timing of investment in terms of tax connotation and associated law and regulations.
07
Company Formation
We provide the effective company formation process by helping to hold the application of the corporate business law.
To classify about the essential step to company formation, to identify about the legal formalities that is required for the formation of company and to see what the critical documents are concerning to the company formation.
08
Tax Compliance Services
We provide actual constructing and the greatest solutions regarding your tax compliance obligations with a wide range of services such as regular audits and managing reviews, tax coordination of foreign activities, commercial income tax compliance, tax consulting and support.
Instant access to reliable information and supporting during the client’s year-end tax audit.
09
Tax Advisory
We provide tax advisory service by evaluating financial and tax complications. Framing solutions and making recommendation intended to provide guidance and advice on taxation for clients ranging from individuals to business.
We can help the clients’ business goals into targeted action steps intended to maximize the tax position.
10
Corporate secretarial services
CBS ensures clients meet compliance needs under Myanmar Company Law 2017. We maintain records, file statutory documents, and provide updates on legal changes. Our services include setting up statutory books, handling director appointments, share transfers, and more. Contact us for assistance with company secretarial requirements in Myanmar.
11
IFRS conversion services
We provide to prepare financial proclamations and revelations to meet requirements, to assist and support with accounting systems, to assist with stakeholder infrastructures, to provide directed training for accounting personnel and to determine modifications necessary to bring the financial reporting in line with the suitable foundation of accounting.
12
Business valuation services
We offer comprehensive business valuation services, including consulting and advice for corporate interests or enterprises. Our analyses serve various purposes such as general business assessment, sale transactions, and financial or tax reporting.
Our services encompass deal advisory, asset and business valuation, mergers and acquisitions support, purchase price allocation, and financial modeling. We also specialize in intangible asset valuation, portfolio company investment assessment, shared-based payment valuation, financial due diligence, and financial instrument valuation. Trust us for accurate and reliable valuation solutions tailored to your business needs.
13
Employee Record
An Employer of Record is a company or organization that is legally responsible for paying employees, including dealing with employee taxes, benefits, insurance, visa application, and sponsorship applications and a great many other transactions and operations concerning human resources.
Companies often hire EORs to decrease all the complications and vicissitudes related to human resources operations, market access, market understanding and market participation, and managing payroll for international employees.
When you use an EOR, CBS formally become the employer of your employees. This invaluable outsourced service keeps a business in compliance with labor law and other fields of related regulations and significantly assists the company during its internationalization.
In international scenarios, regulations regarding benefits and taxes can vary and be very complex. EORs help companies penetrate new markets, manage benefit systems more efficiently, and can even sponsor work visas. EOR platform that enables you to hire employees globally.
Why use an Employer Of Record?
No need to set up local legal entities
Streamline document collection and approval
Manage your time more efficiently and effectively.
Increased regulatory compliance for national and international scenarios
Reduced risk, as the risks of being an employer fall almost completely on the employer of record.
Contact Us For Details
Do you want to know more? Please reach out to us
