Myanmar, also officially called the Republic of the Union of Myanmar, and more commonly called Burma is a sovereign state located in Southeast Asia. It is bordered by countries like Bangladesh, India, China, and Thailand. Do you want to know whether Myanmar is a good place for foreign individuals to seek out investment opportunities and for companies to their businesses? Well, there is plenty of business opportunities for both local citizens and foreigners in Myanmar. Even though they may be considered difficult at first, and expensive, you they still give you huge gains in the long run and also allow you to grow and expand your business outside of your home country.
Another option is that a sizable Myanmar company could get together with a foreign partner and get a solid project off the ground. Companies like these often have huge funds in the form of assets such as land, and they are willing to lease these lands in reasonable prices, as long as they consider the foreign project to be attractive and feasible. There will benefit both parties. We have compiled a list of business opportunities that might interest you, but you need to conduct a thorough research as to which business opportunity in Myanmar fits your requirements and suits your needs.
In the same way, international travelers love to try out local cuisines as part of the holiday experience so there is a great potential for profit in opening up some traditional restaurants offering local cuisines to foreigners. These people are wealthy and willing to spend a great deal of money on fine dining, good taste and a comfortable and safe environment. Tourism is expected to contribute more and more to the economy of Myanmar with every passing day.
International investors should not that there are two levels of capital requirements for them currently. Large businesses such as multinationals are need to have a capital of 500,000 USD in order to get registered in the country, while smaller international investors are need to have a starting capital of only 50,000 USD. Another thing about Myanmar, which makes it a great place for business opportunities is that a company can be fully owned by international investors. In contrast, foreign investments in Thailand are limited to 49 percent of ownership. So Myanmar is a better place to conduct business than many other countries, and even though the startup costs may be high, there are a whole lot of good opportunities to be found here!