Myanmar or Burma was once called, has now begun to evolve
toward political and economic changes. Myanmar is also a member of ASEAN countries, so
that Myanmar started following developments around ASEAN. Many political
prisoners have been freed, and had held a parliamentary election; despite the
Buddhist-majority country is still led by the military. Aung San Suu Kyi freed
and returned to the political stage, and we look forward to the wheel like a
freer democracy in Indonesia.
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| A view of the vast and beautiful pagoda of Myanmar. Image: vivutravel.com |
In terms of economics and business, Myanmar is basically
very exciting to open a new business or expanding an existing business in your
state by opening a factory or a regional office.
This country definitely needs
fresh blood to drive the economy and employment. Investment you can do in this
country even though the infrastructure is not as good as neighboring countries
such as Thailand, Singapore or Indonesia.
With the friendly weather, Myanmar provides many business
opportunities in various fields such as farming, fishing, and wood industry.
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| Thadingyut Festival, a beautiful lighting festival. Image: myanmarsurvivalguide.com |
If
you do not have a large capital to do business in areas that require huge
capital, then you can go into business as a business hotel (two stars), city
hotel, restaurant, cafe, creative industries such as handicrafts, garments in
medium scale businesses, and a variety of small businesses, and other
medium-sized businesses.
The price of land or property in Myanmar is definitely
not as high as in Hong Kong, Singapore or Tokyo. You can work together with
local businessmen who own land or factories. You do not have to buy the land
(see regulations on the ownership of land in Myanmar), rent of land or
buildings in the long term are definitely better.
Myanmar has high hills, tall mountains, and river to
offer plenty opportunity to start a business here. According to the website Paul Hype Page & Co, you are very
likely to build a business in the hospitality or tourism. Travel agencies, for
example, may take tourists for trekking, sight-seeing, and even mountain
climbing expeditions around the snow-capped mountains on the hill, while others
can cruise on a luxury yacht on the warm and deep blue Ayeyawady River in the
south.
Myanmar must be very happy to receive tourism investors,
and you do not need to build big hotels, are now more moderate budget tourists
who traveled to the ASEAN countries because they want to stay longer and they
want to enjoy more of a tourist destination. The middle class of the
neighboring countries of Myanmar is also increasing, so they are a great
potential for you. Cafes, restaurants, travel agencies and tourism support
industries certainly also very likely in Myanmar. You can take this opportunity
immediately.
The national legislature is grinding its way through the
making of laws. With the start of a more hospitable political change, then the
foreign entrepreneurs need to think about to develop business in Myanmar.
Japanese businessmen and particularly China has been moving faster than the
American or European entrepreneurs, how about you? The legal system is more
friendly to foreign investors would have been better than it was five years ago
or a decade ago.
Fortunately, with the recent 2012 elections, things have
started to turn around for Myanmar when Aung San Suu Kyi, the widely-known
reformist leader, made an excellent entry into the political scene of the
country. After the 2012 elections, substantial reforms have helped increase
business opportunities in Myanmar. As a result of these reforms, several
developments have kick-started in Myanmar.
Fostering good relations with local entrepreneurs and
officials in this country is definitely important to do before you open for
business in Myanmar since the country is still young in the relationship with
foreign investors.
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| Yangon, the capital of Myanmar. Image: asianews.it |
The great news that I found on asianews.it, Yangon, Myanmar's "commercial" capital
will change face in the coming decades and by 2040 it will become a megalopolis
of 10 million inhabitants.
The development massive plan should transform the
current commercial heart of Myanmar into a modern urban center used for
development and growth, able to compete in the coming decades with major Asian
and global markets. You can be part of the development process in Yangon or the
surrounding cities and other areas in Myanmar.
Opening a business or business expansion into new areas
it takes courage and a strong entrepreneur spirit, not only willing to take a
risk, but it takes a great business vision. You’re Patience and Humility guide
to learn the local customs and culture of a nation, as well as in Myanmar, will
definitely make you more successful. Myanmar is opening up a new country in the
political midwife, and then you will be the pioneer that could give way to
entrepreneurs and other companies. Myanmar is a new star in the ASEAN, and make
sure you are picking one of the brightest stars in the beautiful country
because of its unique culture.
To know more Myanmar close, is very nice if your short break and holiday in Myanmar, so you can see for themselves the state of Myanmar culture and directly. There are many beautiful places in Myanmar, who knows you will be inspired to build a new business or business expansion to the land of a thousand pagodas.
Are you going to take
action and take care of travel documents to Myanmar? Let’s do it.
