Myanmar Economy and Law (Burma)
President Thein Sein announced comprehensive reforms in his introductory speech in March 2011. Companies from all over the world are currently establishing or positioning themselves in the country, which has led in part to capacity bottlenecks in the existing hotel and transport infrastructure and also to an overheated real estate market.
The market environment is not easy. Companies have to deal with the legal and tax peculiarities of the country in advance. It is important to know intercultural factors ("soft factors") and to use them advantageously. They are the key to long-term business success. Learn recommended strategies and tactics. Many activities require approval. The authorities have a key role to play in the interpretation of the law. Careful drafting of contracts is essential. Local companies must cultivate their contacts with the authorities. Only well-designed business relationships avoid legal and tax risks. Identify opportunities and risks.