Jul. 11 – Asia Briefing, in cooperation with its parent firm Dezan Shira & Associates, has just released a new 28-page report introducing the current business environment in Myanmar. This guide, titled “An Introduction to Doing Business in Myanmar,” is immediately available as a complimentary PDF download on the Asia Briefing Bookstore.
Myanmar is finally opening its doors to the rest of the world with the military-led government only a few months ago pushing forward political and economic reforms, attracting the attention of potential investors worldwide.
What will happen in the future is unclear, but the current president, Thein Sein (who could step down in 2015), is an advocate of opening and reforming the economy, so it seems there is finally a light at the end of the tunnel. Apparently, the 67-year-old general’s relationship with Madame Aung San Suu Kyi (making headlines around the globe for her most recent political success following two decades of imprisonment and house arrest) is rather good and there is good chemistry in place, giving us reason to believe that the country will not regress back towards its old economic patterns. How to manage the relationship between the military and other parties will be of paramount importance and many stumbling blocks still lie ahead.
This guide was written by Dezan Shira & Associates Managing Partner Alberto Vettoretti. Alberto recently spent several weeks in Myanmar and this report is a product of his on-the-ground experience in the country meeting with government officials, visiting factories, and discussing investment opportunities with other businessmen in the country.
Included in this issue:
- Recent history
- Geographical and logistical advantage
- Natural resources and strategic goods
- Real estate
- Stock market
- A “love-hate” relationship with China
- Labor costs and salaries
- Foreign direct investment
- Forms of investment, tax incentives and restrictions
- Investment opportunities
- What could go wrong?
“An Introduction to Doing Business in Myanmar” is out now and immediately available as a complimentary PDF download on the Asia Briefing Bookstore.
Dezan Shira & Associates is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia. Since its establishment in 1992, the firm has grown into one of Asia’s most versatile full-service consultancies with operational offices across China, Hong Kong, India, Singapore and Vietnam as well as liaison offices in Italy and the United States.
Dezan Shira & Associates can assist with foreign investment into Myanmar from their offices in Singapore, being the ASEAN regional financial and services hub. For more information about investing in Myanmar, please contact the practice at email@example.com or visit the firm’s website here.
You can stay up to date with the latest business and investment trends across China by subscribing to The Asia Advantage, our complimentary update service featuring news, commentary, guides, downloads and multimedia resources.
Hong Kong and Singapore Holding Companies
In this issue of China Briefing Magazine, we take a closer look at the benefits of both Hong Kong and Singapore holding companies, how to establish and maintain a company in each of these jurisdictions, and the relevant double tax agreements.