By Balbir Bhasin
This ebook is a realistic and finished advisor to succeeding in doing company and making an investment in rising Myanmar. It covers the country's historical past, demographics and marketplace dimension, political atmosphere, fiscal stipulations and industries, felony framework together with how you can commence a enterprise, cultural idiosyncrasies together with spiritual matters, language, ideals and customs, enterprise etiquette and attitudes, administration and dealing types, conferences and determination making, and negotiation ideas that paintings. It identifies a number of the sectors that are starting up and the place possibilities and pitfalls exist. This consultant makes it possible for a deeper realizing of the enterprise surroundings in Myanmar. you may be higher capable of overview the danger elements and make significant funding and company judgements to reach Myanmar
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Extra info for Burma : business and investment opportunities in emerging Myanmar
Business organizations are hierarchal. People are hardworking and loyal to their employers. In turn, they expect to be treated fairly. The employer is treated with reverence like a father figure and is expected to join employees during festive and tragic occasions and to help them out in times of difficulty. Births, engagements, and marriages are considered to be auspicious occasions or tha ye, while sickness and death fall into nga ye or sad occasions. Age plays an important role in the workplace and a younger person placed in a supervisory role may be uncomfortable with older subordinates.
The construction industry was valued at around $3 billion in 2012. 2 billion in 2016. By and large the industry is underdeveloped with construction companies being mainly government-owned or small business and contracting firms, which lack both capital and expertise in addition to limited experience. 43 In terms of infrastructure development, the immediate-term priorities of the government are in urban transportation systems, upgrading of national airports, and water utilities. 44 Transportation Myanmar’s transportation network is weak and underinvested due to lackluster development planning and technical know-how in building a solid infrastructure.
The Burmese fiscal year ends March 31; tax returns are due by June 30. By law, foreigners may not purchase and own land or condominiums in Burma, and—until September 2011—could only rent property on a short-term basis, with leases typically limited to 1 year. However, according to Article 31 of the new FIL, foreign investors may, depending on the type and value of investment, lease land for a period of up to 50 years and renew it for a further two 10-year periods. Longer leases may be granted by the government.
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