Dezan Shira & Associates - An Introduction to Doing Business in Myanmar

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Myanmar is finally opening its doors to the rest of the world. A few months ago, the military-led government pushed 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

Myanmar’s recent economic history
Economy
Geographical and logistical advantage
Natural resource and imports of strategic goods
Real estate
Stock market
Infrastructure
Currency
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?

Dezan Shira & Associates Magazine Description:

Meet the firm behind these publications. 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 award-winning firm has grown into one of Asia’s most versatile full-service consultancies with operational offices across China, Hong Kong, India, Singapore and Vietnam, in addition to partner alliances in Indonesia, Malaysia, Philippines and Thailand as well as liaison offices in Italy and the United States.