In 2017, the century old companies law was substantially revised. A large and populated country just opening its doors to foreign companies and investors, myanmar is rich with opportunities in many sectors. The eu sanctions on myanmar set an arms embargo and prohibited business in various sectors and with certain companies and individuals. The political and economic challenges of myanmars future. Introduction to doing business in myanmar alec christie phillips fox, sydney the following article outlines the legal environment in myanmar applying to a foreign investor wishing to invest in myanmar through a locally incorporated limited liability company. However, myanmar also presents several technical and legal challenges to be managed and overcome by new comers.
The country operations business plan cobp, 20162018 is consistent with the strategic directions of the interim cps, 20122014 extended to 2016, and. Guide to doing business in myanmar myanmar is the new frontier for business in southeast asia. Businesses for sale, 1 available to buy now in myanmar. This page provides myanmar ease of doing business actual values, historical data, forecast, chart, statistics, economic calendar and news. The myanmar consumer survey poised for takeoff deloitte.
In myanmar, enhancing the power supply capacity is a matter of urgency because of its. Myanmar business guide 5 pwc myanmar is located at. Dialogue, opportunities and risks in businesstocommunity. The current manual process is very time consuming and leads to challenges. If a book is checked out, it can take up to two weeks to recall. Investors are also waiting for the myanmar investment commission to roll out by laws and.
For businesses looking to be part of myanmars growth journey, this guide will assist you in sieving out the key investment opportunities and navigate the challenges ahead. Dialogue, opportunities and risks in businesstocommunity and business tobusiness relationships in myanmarburma a report of two multistakeholder workshops on. The challenge for todays business schools is to struggle with preparing students to be effective contributors at their next. Depending on the activities that you invest in foreign investors may be required to jv. The subject doing business in myanmar belongs to the following online higher education programs taught by eeni global business school. Feasibility study on rice husk power generation system for.
With a population of some 5060 million people, a growing urban population, and high expected economic growth, myanmar has good opportunities in dairy. The opportunities and risks of investing in myanmar. Tm registered in singapore, malaysia, myanmar and china early years ages 2 to 5 overview we aim to provide children in early years with educational experiences that will help them develop a positive approach to learning. Morethis book is a practical and comprehensive guide to succeeding in doing business and investing in emerging myanmar. Bureaucracy reforms and a number of economy packages have been rolled out. Continue reading business investment opportunities in myanmar burma posted in myanmar business, myanmar business service, myanmar entrepreneurs, myanmar smes tagged burma, business opportunity, food and drug administration, joint venture, jv, myanmar, sez, yangon leave a comment. Myanmar economic monitor, may 2018, world bank group 3. Pdf this report analyses the business opportunities of the oilseed and edible oil sector in myanmar as well as. Myanmar business today mbt is myanmars largest circulating business publication. Myanmars natural resources endowments offers significant long term opportunities for trade and business investment. The opportunities in myanmar myanmar, branded by the international monetary fund as asias final frontier has a population of 60 million and a growing gdp per capita at 7 to 8% annually. Established in 1996, the website is an international marketplace of businesses for sale. What was supposed to be a peaceful protest march last week over a proposed new education law turned ugly after myanmars police clashed with student protesters, monks and journalists. An assessment of business opportunities in the kayin state.
However, in some particular situation which is recommended by relevant ministry, you may extend your business visa. Unique opportunities, major challenges, mckinsey global institute. We provide a costeffective route to market for business owners and their representatives and a one stop shop for aspiring entrepreneurs and business buyers. Moreover, as the country modernizes, there will be huge opportunities to build infrastruc. Golden opportunities in the golden land myanmar union of myanmar federation of chambers of commerce and industry 29, min ye kyawswar road, lanmadaw township, yangon tel. Myanmar offers tremendous possibilities for investors that do nurture collaboration with the countrys government and business leaders. Myanmars infrastructure is in dire need of investment, with. Important new laws in their late drafts are the companies law, investment law and several intellectual. Twitter linked in facebook subscribe to rss feed for businesses for sale in myanmar. Myanmar is the new frontier for business in southeast asia.
The government continues to work towards bringing all ethnic armed groups into a political. Asian business leaders keen to merge myanmar human resources with japanese technologies november 21, 20 by thiha yangonasian business leaders are keen to see myanmar merge its human resources with japanese technologies, the chairperson of the asia business leaders association abla told an investment seminar held on saturday. Doing business 2017 is the 14th in a series of annual reports. Were going to describe the considerations for doing business in myanmar in a miniseries of posts starting with part 1 today.
To allow useful comparison, it also provides data for other selected economies comparator economies for each indicator. Market analysis, investment outlook, companies, industries, political news and more. This was replaced by the myanmar investment law in 2016 so as to combine the regulation of both foreign and domestic investments under one set of laws. The summit is a collaboration between the government and myanmar s private sector to generate greater awareness on the investment opportunities and climate of myanmar. The swedish chamber of commerce in myanmar was founded spring 20 with the sole purpose to support business between sweden and myanmar. As the democraticallyelected government took the office in 2015, myanmar has continued its economic reforms to attract more investments.
Simply browse our directory to find your ideal franchise or business opportunity. Only a short plane ride from hong kong or singapore, you can leave the developed world and be transported back to the 1950s in myanmar which was at the time the rice bowl of asia. Avoid responding to unsolicited opportunities to make money, including business opportunities that seem too good to be true. Sommawan lowhaphandu, the conference presenter, intermat asean and concrete asia therefore serve as the perfect trade platform for the industry to explore the multitude of opportunities available, as well as discover the innovations in asia. Doing business myanmar for australian exporters austrade. Beware of merchants selling gems, gold, andor semiprecious stones.
After winning a decisive majority in the upper and lower houses of myanmars parliament, the party now will form the next government. Other incentives made available by the sez law include work permits and the. For intermat exhibition, myanmar was only 8th in terms of the number of visitors. This economy profile presents the doing business indicators for myanmar. The summit will provide international and local investors with the opportunity to discover the business potential of myanmar. Pdf business opportunities and food safety of the myanmar edible. Strengths, constraints, opportunities and risks strengths strong commitment to reform large youthful population, providing a lowcost labour force attractive to foreign investment rich supply of natural resources land, water, gas, minerals abundant agricultural resources to be exploited for productivity improvement. It allows the government of myanmar, various development partners and other stakeholders to become equipped with better information on the present business climate as well as to contribute to the development of effective policy options for creating an enabling environment for business in myanmar. Other notes if you are traveling a city where have myanmar embassy, we suggest you to.
It might be reasonable to treat it as an option for the future after the 2nd step. Ease of doing business in myanmar 20142019 data 2020. There would be plenty of future opportunities keith had been thinking, as he extracted a check from one of the checkbooks his father kept in the top righthand drawer of the desk in his home office for fatherpleasing displays of acumen, innovation, leadership, public speakingall that sort of thing. Cci france myanmar hosted the press conference for. The change will bring about new opportunities and challenges for companies that want to invest in what many consider asias last economic frontier. The myanmar economic monitor mem periodically analyzes economic developments. This is the fourth edition of our myanmar business guide. Investments approved on a casebycase basis by the myanmar investment commission. This is the second cobp for myanmar under the interim cps, 20122014.
The consumer market is relatively young and offers great potential for suppliers of basic goods and services. Search usc libraries catalog for burma and business or myanmar and business or burma and culture or myanmar and culture to locate books on these topics. Myanmar business today first bilingual business journal. It is myanmars first and the only bilingual english myanmar business.
On april 23 of this year, the eu lifted these trade sanctions, with the exception of the one on arms dealings, and is now encouraging member states to do business with myanmar and to invest in the country. Myanmar peace center to support the karen national union knu in the identification of business opportunities that benefit the local population in the kayin state. It covers the countrys history, demographics and market size, political environment, economic conditions and industries, legal framework including how to start a business, cultural idiosyncrasies including religious issues. With a population of approximately 52 million, myanmar will be a significant market for many goods and services. We are aiming to hold regular meetings and events with speakers to further build our network but also share our. In the belief that inclusive and responsible business can help consolidate the ongoing peace process, peacenexus has offered its assistance to this endeavour. In the last four years, significant reforms have been undertaken to build investor confidence in myanmar, including the passing of the arbitration law. The political and economic challenges of myanmars future now, according to headlines from the west, little or nothing seems right. Where to invest and how to start a business in myanmar. As per new myanmar investment law 2016 combining the foreign. The government is continuing major reforms designed to improve the business climate and provide more favourable conditions for foreign businesses entering the market. Business in asia, international business, foreign trade eeni doctorates and masters in global business adapted to the burmese students. The government is decidedly probusiness and has been open to foreign investments. Tentative developments of the myanmar oilseed sector.1523 468 1546 1620 145 1280 1168 360 119 766 1005 1174 1225 1261 1211 1092 772 1526 943 899 34 1506 710 1597 268 421 904 1447 442 1065 135 499 285 1579 179 687 1063 1037 793 280 509 365 1446 748 481