Doing business in Myanmar

Hi Julien
Things are changing all the time but as yet foreigners are not allowed to own anything in Myanmar, not even a mobile phone or car.  Clearly there are foreign companies operating here though so if you want to do business here you need to make a Burmese friend who can explain the process.

Vicky

Hi Julien,

Please have a look my answer in below.

Julien wrote:

Hi,

are foreign investors welcome in Myanmar? - Yes in 1990-2000 and No again in 2000-2010. I think, they are going to say "yes" in 2012.


Is it complicated to register a company in Myanmar? What is the procedure?
There is an easy way that you should do a Joint Venture with a Myanmar Company through a Law firm. I refer the link.

What the corporate tax rate in Myanmar?
Here is a Link. http://www.myanmars.net/myanmar-business/main.htm

Is it easy to recruit? 100% easy

Any advice you would share with us? 
No ATM card or credit card can be used.


Thank you very much for your participation,

Julien

Hi amasandar,

Thank you for this information.

Hi
I am interested to know that you wanted to do business in Myanmar. I am originally from Myanmar and lived in UK for many years. I went back to worked there for seven years between 1997 - 2005 and now I am considering to moved back there for good. If you are seriously intertested to do buisness there do drop me a line to my email [email protected]. I know the working practise and know good connections in Business and Government
Look forward to hear from you
Regards
Stan

Hi Stan,

I think, your email address is not right.

Cheers!

jjcomservices wrote:

Hi
I am interested to know that you wanted to do business in Myanmar. I am originally from Myanmar and lived in UK for many years. I went back to worked there for seven years between 1997 - 2005 and now I am considering to moved back there for good. If you are seriously intertested to do buisness there do drop me a line to my email [email protected]. I know the working practise and know good connections in Business and Government
Look forward to hear from you
Regards
Stan

Hi there

corporate tax depends on what business you are carrying out there
the government can give tax free for certain business if agriculture, fishery, mining. stuff that will help them

foreign business cannot own land. there is business district for foreigners to start up their business there. office space rental can be from US$3 per sq metre.

i know of lawyer who can help you set up your business there

just be ready for service charge. if you know what I mean.

the labour cost is as good as those compared to Vietnam. Some are conversant in English

by the way what business you intend to start up? care to share with me?

Hi there,

Also very interested to hear any experiences/ advice on setting up a tourism relatred business in Myanmar

Hello,

I am interested too. I am living in China and I am looking for  any experience doing business in Myanmar and much better If it is related to wine or agrifood industry in general.

Btw, I am planning to go there in August or September. Shoot me a quick email If you are planning to go there too and maybe we can share knowledge.

Thanks

Yup

opportunity in tourism is always available

one person i know looking for serious committed partner
another person is runs a tourism business and have the knowledge and experience

I think you are figuring out what to do
Not a problem

Just let me know if you are keen to dig deeper

My wife and I would like to invest in the tourism industry ie guest houses, resraunts etc... [email protected] living in singapore

Hi,

I am going to setup a business in Myanmar. Can you share your layyer contact with me?

markyap wrote:

Hi there

corporate tax depends on what business you are carrying out there
the government can give tax free for certain business if agriculture, fishery, mining. stuff that will help them

foreign business cannot own land. there is business district for foreigners to start up their business there. office space rental can be from US$3 per sq metre.

i know of lawyer who can help you set up your business there

just be ready for service charge. if you know what I mean.

the labour cost is as good as those compared to Vietnam. Some are conversant in English

by the way what business you intend to start up? care to share with me?

[Moderated: No free ads on the forum please]

Hi, this is Paul...
We are not realy interested on investing or starting business in Myanmar.
Important to us would be to find responsible Myanmar people who are willing to work with us to bring a simple solar powered lantern (to replace the traditional oillamp)
to rural areas to the people who have no access to the power-grid and bring green and save technology to the poor.
We are trying to do the same thing in Cambodia.
Just visit the website of Kamworks to understand what we are doing.
We also want to introduce solar Home systems and other solar powered applications to Myanmar.
Anybody have some bright ideas?
Reason for my reply to Julien is his mention of "is it easy to recruit... 100%"
Beacuase that's what we need... contacts...

Best regards,
Paul

amasandar wrote:

Hi Julien,

Please have a look my answer in below.

Julien wrote:

Hi,

are foreign investors welcome in Myanmar? - Yes in 1990-2000 and No again in 2000-2010. I think, they are going to say "yes" in 2012.


Is it complicated to register a company in Myanmar? What is the procedure?
There is an easy way that you should do a Joint Venture with a Myanmar Company through a Law firm. I refer the link.

What the corporate tax rate in Myanmar?
Here is a Link. http://www.myanmars.net/myanmar-business/main.htm

Is it easy to recruit? 100% easy

Any advice you would share with us? 
No ATM card or credit card can be used.


Thank you very much for your participation,

Julien

[Moderated: No free ad please]

I M PREMASIRI WAKWELLA I M A TREADER IN SRILANKA . I WOULD LIKE TO INVEST FOR ATREADING BUSINESS IN MYANMAR .SO LET ME KNOW DETAILS THANKS PREMASIRI

@WAKWELLA - Can you please lower your caps lock when writing?

Thank you,
Aurélie

Hi Paul,

   I am Sam and Ex-citizen of myanmar I am intrested in your so-called green and clean energy plan and just come back from burma for holiday. Please contact me at [email protected].

Bgds

Hi Balisky,

I'm living in singapore too. You can contact me at [email protected] to further discussion. I will be back to singapore next week from Myanmar.

Dear Julen ,

It is easy to recruit .However ,you must train very hard .I am running business in Myanmar and Singapore .Just started .Export and Import .Water Treatment and Chemical Supplies .It just started growing .You may contact to me [email protected] .

Frank ( Tin Htun Aung )

I would like you all to advise me in starting business here. First, I thought of introducing a casino along with my business colleagues from Thailand. But, I assume the Government still prohibits it though democracy has been adopted. Now, I am thinking of buying some shares here. Would you like to recommend how much and which company to purchase shares? Stocks and bonds market is risky but I would like to ride the bandwagon, thank you.

Hi Benjamin,

There is no security exchange in Myanmar. Some Myanmar public companies do invite individuals to join their company through share placement but not very popular. But Foreigners do not allow to buy those shares. You can only form join venture company with trusted local partners.

Where are you located currently? Are you in Myanmar (Yangon) at present? Do you have any other business interest there? I will be in Myanmar around 7th March and we can meet up in Yangon if you are still there. Please drop me email at [email protected], if you are keen to meet up. We can discuss further for business opportunities in Myanmar.

Regards,
Matt

My partner and I have worked in Myanmar previously as teachers for an international school, but want to return as  private teachers. How can we do this?

What are the laws/opportunities to start a small english tutoring company run by native english speakers? How do we get and what type of visa might we be eligible for?

Is it possible to get a business visa without being "hired" by a Myanmar company to work as a private tutor? Would we have to pay tax/declare our wages to the government?

You can ascertain  certain info from the nearest Myanmar embassy. That's where you need to obtain your visa anyway. I'm sure you have to pay applicable income tax but ppl don't disclose actual amount. If you need any help, just let me know.
Best regards,
Win Paing.

I AM NEW IN THIS BLOG.I LIVE IN KERALA/INDIA.I AM TRADER IN RUBBER. RECENTLY I CAME TO KNOW THAT MYANMER  IS A FAST GROWING RUBBER CULTIVATING COUNTRY AND THERE IS BRIGHT SCOPE FOR IMPORTING TO INDIA AS THE PRICE IS RELATIVELY CHEAP THERE.KINDLY HELP ME TO GET SOME INFORMATION REGARDING RUBBER GROWING AREAS THERE AND SOME TECHNICAL SUPPORT FOR GETTING IMPORTED TO INDIA ON MUTUAL BENEFIT BASIS ALSO.
REGARDS
SEBASTIAN T THOMAS
E [email protected]

Hi  seban262,

Please can you introduce yourself?

Thank you,

David.

P.S: Please can you avoid writing in caps lock this might make your post hard to read.

Saw this video posted on Yangon Expat Connection on Google Group. It is an MBA student presentation on Doing Business in Myanmar. Very good I must say

Part 1:
youtu.be/pCvYiQYDHcE

1.    Economic history of Myanmar – how Myanmar ended up where they are, as one of the poorest country in Asia despite its rich natural resources.
2.    A simple story of why it is more profitable to invest in Myanmar than in Singapore. Caveat:  You need to have strong stomach for risk if you want to invest in an emerging market like Myanmar.
3.    As an entrepreneur:
a.    Is inefficiency good or bad?
b.    Is the continuing US financial sanction good or bad?

Part 2
youtu.be/bLCMJ8Y6IhA


4.    What are the opportunities by industry in Myanmar?
5.    Is your organization suffering from Giganitis?
6.    Why emerging markets favour entrepreneurs.
7.    Low entry barrier for entrepreneur in Myanmar versus China and India
8.    Understand the role of the Central and State government.
9.    What is the role of the JV Partner in Myanmar.
10.    The importance of training in creating the right culture in you company.
11.    How to operate in a cash based society like Myanmar.
12.    Should you wait for after the 2015 election before entering the Myanmar market?

Dear Julien ,

I will be in Myanmar on October 11th to 25th October to strengthen our company .I am Burmese national and cooperating with global  company .Our legal business operator os MJ Co.,Ltd under Daito Filtration .We are more on enviromental business and others too .If you would like to discuss more detail ,please email to [email protected] .Just send short message ,we will provide our company detail .You may find out deeper about operating business in Myanmar .Have a nice day .

Frank

bearcub wrote:

My partner and I have worked in Myanmar previously as teachers for an international school, but want to return as  private teachers. How can we do this?

What are the laws/opportunities to start a small english tutoring company run by native english speakers? How do we get and what type of visa might we be eligible for?

Is it possible to get a business visa without being "hired" by a Myanmar company to work as a private tutor? Would we have to pay tax/declare our wages to the government?

Hi, bearcub, I am David from Myanmar (Moderated: please post in Business partners classifieds in Myanmar section pls)

[Moderated: please post in Business partners classifieds in Myanmar section pls + avoid copy/paste on the forum]

Stan, I need to open an Indian grocery store and a restaurant .. how should I proceed

find local partner there and give your all money to him .. . . . . . if you not married then search a girl and marry with her and open your business on her name . . ..  . . don't believe on locals . . . . . dose not matter if its Indian

[Moderated : No free adverts on the forum, please register your services in our Business Directory ]

me to wanna invest inmyanmar do u wanna be ypartner i have restaurants in dubai and kuwait and india mail me back **

yes

i am  the new owner of myan mar beer , we own a huge chunk in the myanmar breveries now , looking for hotels and resorts business ownerships now any one have great proposal can directly contact me

can you help me for a work?