Myanmar (erstwhile Burma) is a Southeast Asian country surrounded by India, China and Bangladesh respectively on 3 sides. It is a member of the Association of Southeast Asian Nations (ASEAN) since 1997. Myanmar has significant natural resources and a young and mainly literate workforce. Of late, the country has been overhauling its legal framework and implementing business-favourable laws and regulations, which are required to attract foreign investment in Myanmar. In 2012, the old Foreign Investment Law (FIL) of 1988 was replaced with a new one. This has led to improvement in certain tax incentives and long-term land lease options.
A company in Myanmar can be formed as one of the following legal entities.
Myanmar is an up-and-coming developing nation. It provides the following advantages from the standpoint of company setup:
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BusinessSetup Worldwide is a one-stop-solution provider that helps businesses in not only setting up their operations in Myanmar, but also supports inthe necessary documentation and legal formalities. Wide domain experience and familiarity with the laws of Myanmar help us to take care of passport, visa and licensing requirements of our clients, and ensure that their task is completed smoothly without unnecessary bureaucratic hassle.If you are wondering how to start a business in Myanmar, do reach out to us.