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☛ EN Advice Starting and doing Business in Myanmar

Discussion in 'Myanmar' started by texkourgan, Aug 21, 2013.

  1. texkourgan

    texkourgan Addicted member
    Networker Editor

    Joined:
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    Gender:
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    City:
    Berlin
    Living In:
    Germany
    Nationality:
    American (US)
    Languages:
    English, a little Deutsch
    Hello!

    Have you contemplated doing business or are you a business owner in Myanmar?

    Are foreign investors welcome? How hard is it to register and manage a company? What is the procedure to get started? Is it easy to recruit? What are the corporate tax rates in Myanmar?

    What advice would you give to other prospective business owners? What do you wish you had known before opening a business in Myanmar?

    Thank you very much for your participation! Your advice can help other members get started.
     
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  2. thiha

    thiha New Member

    Joined:
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    Living In:
    Myanmar
    Nationality:
    Myanmars (MM)
    Languages:
    English
    You may want to see this video that was used in an MBA presentation on "Doing business in Myanmar". Very informative.

    Part 1: http://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 http://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?
     

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