Before 2012, this country is certainly not a mainstream market for investment for many companies out there. However its political transformation from the military junta to one of civilian rule started with President U Thein Sein which dates back as far as in 2010, has somewhat spark the movement from global businesses to leverage on the opportunity to establish their business presence in Myanmar. Moreover following the recent landslide victory of the National League for Democracy (NLD), there have been a lot of anticipation and hype over this promising land for businesses.
While investors are pulling out funds parked in China and other large emerging economies, Myanmar, on the contrary is seemingly still an attractive market. Many investors are looking to get in this last Asian frontier market early, to establish their global footprint and leverage on the "First Mover Advantage". Indeed, with Myanmar’s proximity to China, India and the rest of South-east Asia and it being a major supplier of natural resources, this country is unquestionably the next hunting ground for new investors.
While investors are pulling out funds parked in China and other large emerging economies, Myanmar, on the contrary is seemingly still an attractive market. Many investors are looking to get in this last Asian frontier market early, to establish their global footprint and leverage on the "First Mover Advantage". Indeed, with Myanmar’s proximity to China, India and the rest of South-east Asia and it being a major supplier of natural resources, this country is unquestionably the next hunting ground for new investors.
Our Myanmar office was established in 2007 and over the years, we having been receiving numerous inquiries, from sole entrepreneurs to large local and multinational corporations. Especially following the recent landslide victory by opposition National League for Democracy (NLD), it seems to have brought back the spate of interest from past prospects within the last three months.
Common questions that our consultants received during our meetings with our prospects: "Should we invest in Myanmar?”, “What are the risks I should look out for?”, “When is the right time to invest in Myanmar then?” etc.
We've had the view that the time is always right and it is also a pretty timely to enter now. We will be addressing on this in next blog post: Myanmar: Time to Invest.
Our advice to clients - "Get your facts right before setting sail. Do not just seek to ride on the wave blindly."
Find answers to some of our most frequently asked questions by downloading our FAQ guidebook here: Frequently Asked Questions & Glossary Booklet (Myanmar).
This guide is a starter for investors looking to start a business in Myanmar as it addresses some of the following questions and allows you to have an understanding of the basic market entry requirements into Myanmar:
1. What are the requirements to incorporate a foreign company in Myanmar?
2. How long does the incorporation process take?
3. Do I need to be in Myanmar during the incorporation?
Download the introductory Frequently Asked Questions & Glossary Booklet (Myanmar) here.
In the upcoming weeks, we will be having a 3-part series called 'Myanmar: Time to Invest or Investigate' to address and review some of the points why we think it's both a good time to move in and invest in Myanmar right now and on the contrary, probably there are areas you should deliberate before you decide if you are ready to venture into Myanmar.
Click here to read Part I - Time to Invest
Click here to read Part II - Time to Investigate 1
Click here to read Part III - Time to Investigate 2
