What kind of business should I start in Myanmar?
Key Business Opportunities in Myanmar
- Agriculture. Myanmar’s economy is based on agriculture as the country consists of abundant fertile land and water resources. …
- Tourism. …
- Real Estate and Urban Solutions. …
- Manufacturing. …
How can I start my own business in Myanmar?
The first step in company incorporation is to apply for a Business Incorporation Certificate from DICA, with the submission of certain documents:
- Form A of the Myanmar Companies Regulation 1957.
- Draft Memorandum and Articles of Association.
- Duly completed questionnaire form.
- Intended activities to be performed.
Is Myanmar a good place to do business?
Yangon, Sagaing, Bago and Nay Pyi Taw have emerged as the best environments in which to do business in Myanmar, according to the Myanmar Business Environment Index 2020 (MBEI). … Results are analysed to produce an index for each state and region of Myanmar, establishing a benchmark for rating business-friendliness.
Can foreigners do business in Myanmar?
The Myanmar representative office
Local regulations stipulate that foreign companies can open representative offices in Myanmar. While the representative office can be 100% foreign owned, it is not allowed to pursue production-related or commercial activities in Myanmar.
How many types of business are there in Myanmar?
Among them, the main types of companies and entities which are registered by investors are (1) Private Company Limited by Shares, (2) Public Company Limited by Shares and (3) Overseas Corporation. For private companies being set-up, only one director and one shareholder is required.
How many companies are there in Myanmar?
Myanmar Number of Registered Companies data was reported at 93,935.000 Unit in 2018. This records an increase from the previous number of 80,936.000 Unit for 2017. Myanmar Number of Registered Companies data is updated yearly, averaging 26,769.000 Unit from Mar 1991 to 2018, with 21 observations.
What type of economy does Myanmar have?
Burma now has a mixed economy with a private, state, and a joint private-state sector. Agriculture, light industries, and other businesses are in the private sector .
How do I buy stock in Myanmar?
Investor needs to visit preferable securities company and submit the application form to open securities trading account. A Securities Company will issue the Recommendation Letter on next business day, which enable applicant to open special bank accounts for securities trading in Myanmar.