Republic of the Union of Myanmar
Capital: Naypyidaw HDI: 0.536 (148th)
Language: Burmese
GDP (PPP): $269.996 billion
Currency: Kyat
Population: 51.5 million
Myanmar (formerly Burma), is a Southeast Asian nation of more than 100 ethnic groups, bordering India, Bangladesh, China, Laos and Thailand. Yangon (formerly Rangoon), the country’s largest city, is home to bustling markets, numerous parks and lakes, and the towering, gilded Shwedagon Pagoda, which contains Buddhist relics and dates to the 6th century. The generals who ran the country suppressed almost all dissent – symbolized by the house arrest of opposition leader Aung San Suu Kyi – and stood accused of gross human rights abuses, prompting international condemnation and sanctions. A gradual liberalization process has been under way since 2010. The country is expected to see a major shift after the government changed hands early in 2016.
The dominance of the largest ethnic group, the Burman or Bamar people, over the country’s many minorities has been fuelling a series of long-running rebellions, although a gradual peace process yielded a draft ceasefire deal in 2015.
RESEARCH
Economic Overview
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Myanmar Economic Overview
http://www.thaibizmyanmar.com/upload/pdf/MyanmarEconomicReview.pdf
Myanmar’s economy grew at 8.5% in real terms in 2014/15, but growth is projected to moderate to 6.5% in 2015/16 due to floods and slowing investment.
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Myanmar Overview – World Bank
http://www.worldbank.org/en/country/myanmar/overview
The November 8, 2015 elections in Myanmar marked a historic milestone in the country’s political and economic transition that began in 2011. The opposition National League for Democracy (NLD) swept into power, leading to the parliament’s election of Myanmar’s first civilian state leader in decades.
Industry Trends & Business Climate
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BURMA INVESTMENT CLIMATE STATEMENT 2015
http://www.state.gov/documents/organization/241712.pdf
Since 2011, Burma has made significant reforms to improve its legal and regulatory framework in order to create an attractive business climate capable of generating more inward foreign investment.
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Removing Barriers to Doing Business Key for Myanmar’s Growth
http://www.worldbank.org/en/country/myanmar/publication/investment-climate-assessment-in-myanmar
The government has made strong private sector growth a key principle and goal for economic policy, though challenges remain.
Establishing a Presence
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Types of Business | Thilawa SEZ Management Committee
http://www.myanmarthilawa.gov.mm/types-business
As the Thilawa SEZ is a Special Economic Zone which is different from industrial zone or estate, any kind of businesses can be located except those that are prohibited.
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Introduction To Doing Business In Myanmar
http://www.mondaq.com/x/42660/Company+Formation/Introduction+To+Doing+Business+In+Myanmar
A brief description of the business structures available in Myanmar
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Myanmar Company Registration, Step-by-Step
http://www.interactivemyanmar.com/myanmar-company-registration-step-by-step/
Myanmar offers two options to foreign investors who want to register a business entity in a nation
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Myanmar Business Guide – PricewaterhouseCoopers
http://www.pwc.com/sg/en/assets/document/myanmar_business_guide.pdf
For company registration information, see page 20 of this report on business in Myanmar from PWC
Taxes
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Myanmar Tax Profile – KPMG
http://www.kpmg.com/Global/en/services/Tax/regional-tax-centers/asia-pacific-tax-centre/Documents/CountryProfiles/Myanmar.pdf
A complete guide to the tax structure in Myanmar
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Myanmar Personal Income Tax Rate | 2013-2016
http://www.tradingeconomics.com/myanmar/personal-income-tax-rate
The Personal Income Tax Rate in Myanmar stands at 20 percent.
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Myanmar Corporate – Taxes
http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Myanmar-Corporate-Taxes-on-corporate-income
Detailed description of taxes on corporate income in Myanmar
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Myanmar Sales Tax Rate | Commercial Tax | 2014-2016
http://www.tradingeconomics.com/myanmar/sales-tax-rate
The Sales Tax Rate in Myanmar stands at 30 percent.
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Myanmar Individual – Taxes
http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/JDCN-97XN34
Resident nationals and foreigners are taxed on their worldwide income under the Myanmar Income Tax Act. Non-resident foreigners are taxed only on income derived from sources within Myanmar.
Visas
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Myanmar Visa: Application, Requirements
https://myanmar.visahq.com/
Comprehensive Information on Myanmar Visa Requirements
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MYANMAR EMBASSY – VISA & ENTRY
http://www.myanmarembassy.com/english/visa.htm
Visa requirements and information from the Myanmar embassy
Infrastructure
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Getting around Myanmar (Burma) on local transport
http://www.lonelyplanet.com/myanmar-burma/transport/getting-around/local-transport
Transport tips on getting around Myanmar (Burma) like a local
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Myanmar (Burma) Transportation
https://www.virtualtourist.com/travel/Asia/Myanmar_Burma/Transportation-Myanmar_Burma-MISC-BR-1.html
314 tips on getting to and getting around Myanmar (Burma) from real travelers and locals.
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Myanmar (Burma) – Telecoms, Mobile and Internet
http://www.budde.com.au/Research/Myanmar-Burma-Telecoms-Mobile-and-Internet.html
The big change in Myanmar’s telecom sector has been the entry of two foreign operators in the local mobile market, joining the former monopoly operator, Myanmar Post and Telecommunications (MPT). – See more at: http://www.budde.com.au/Research/Myanmar-Burma-Telecoms-Mobile-and-Internet.html#sthash.6tzT9DjP.dpuf
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Two Telecoms Race To Wire Myanmar – Forbes
http://fortune.com/2014/09/18/asia-myanmar-burma-telecommunications-market/
A report from Fortune on the expected growth of the mobile market in Myanmar
Employer Obligations
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Labour Laws & Regulations
http://www.myanmargarments.org/factory-information/laws-regulations/
Labour related provisions in 2008 Constitution of the Union of Myanmar
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Labour Laws & Regulations
http://www.myanmargarments.org/factory-information/laws-regulations/
Labour related provisions in 2008 Constitution of the Union of Myanmar
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Myanmar Labor Laws
http://www.investinmyanmar.com/myanmar-labor-laws/
Labor laws in Myanmar, like most other laws, are outdated. There is no single employment law, instead a hodgepodge
Culture/Living
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Cost of Living in Myanmar
http://www.numbeo.com/cost-of-living/country_result.jsp?country=Myanmar
Average prices of more than 40 products and services in Myanmar. Prices of restaurants, food, transportation, utilities and housing are included.
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Cost of Living in Yangon. Prices Updated Apr 201
http://www.numbeo.com/cost-of-living/city_result.jsp?country=Myanmar&city=Yangon
Cost of living in Yangon is 48.81% lower than in New York Our estimator (with default settings) estimate monthly expenses for a single person at 590.94$ and for four
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The Dos & Don’ts of Myanmar Etiquette
http://goseasia.about.com/od/myanmar/a/Dos-and-Donts-In-Myanmar-Etiquette.htm
As Myanmar is a culturally Mahayana Buddhist country, like its neighbors Cambodia and Thailand, its citizens follow norms and traditions closely associated with the local religion.
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Myanmar Business Etiquette
http://www.ehow.com/about_6694372_myanmar-business-etiquette.html
Most business meetings are held in English, so you should have few language barriers. It is considered polite to have business cards printed in both English and Burmese. Learning a few words of Burmese, even if it’s just a greeting, also shows respect.
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Myanmar (Burma) climate and weather
http://www.go-myanmar.com/climate-and-weather/
Most of Myanmar has a tropical monsoon climate with three seasons
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Public Holidays in Myanmar in 2016
http://www.officeholidays.com/countries/myanmar/index.php
Comprehensive list of National and Regional Public Holidays that are celebrated in Myanmarduring 2016 with dates and information on the origin and meaning of holidays.
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Climate and Weather – Weather in Myanmar
http://www.climateandweather.com/weather-in-myanmar-burma
In a nutshell, the weather in Myanmar is hot, humid and wet, all year round, but there are variations in temperature and incidence of rainfall to be had depending on location and season.
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Burma travel advice – GOVUK
https://www.gov.uk/foreign-travel-advice/burma/safety-and-security
Latest travel advice for Burma including safety and security, entry requirements, travel warnings and health
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Burma (Myanmar) – travel.state.gov
https://www.gov.uk/foreign-travel-advice/burma/safety-and-security
See “Safety and Security” on this site
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Education – Myanmar Education System
http://www.classbase.com/countries/Myanmar/Education-System
In Myanmar once also known as Burma decades of political conflict have reduced a once-proud education system to one that is lagging sadly.
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Holidays – International Schools in Myanmar
http://www.expat-quotes.com/guides/myanmar/education/international-schools-in-myanmar.htm
This list contains the most popular international and bilingual schools in Myanmar, including nursery schools, primary and secondary (high) schools.
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Holidays – Myanmar Public Holidays 2016
http://holidayyear.com/holidays/Myanmar
Myanmar holidays 2016, bank holidays, national holidays, official holiday calendar, religious festivals and celebrations for the year 2016
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Demographics of Myanmar
https://en.wikipedia.org/wiki/Demographics_of_Burma
This site providesan overview of the demographics of Myanmar (also known as Burma), including statistics such as population, ethnicity, language and education level
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Demographics – CIA – The World Factbook – Burma
https://www.cia.gov/library/publications/the-world-factbook/geos/bm.html
A demographic profile of Myanmar from the CIA
Trade
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Myanmar Customs Regulations
https://myanmar.visahq.com/customs/
Myanmar Customs regulations and procedures for importing and exporting goods at border.
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MYANMAR EXPORT / IMPORT RULES AND REGULATIONS
http://www.myanmargeneva.org/e-com/Commerce/moc_web/ie_procedure/ie_procedure.htm
The law is administered by the Ministry of Commerce which, from time to time, issues necessary orders, notification, directives, pertaining to all export / import matters including issuance of licences and permits as well.
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WTO | Myanmar – Member information
https://www.wto.org/english/thewto_e/countries_e/myanmar_e.htm
This site provides key information on Myanmar’s participation in the WTO. Myanmar has been a WTO member since 1 January 1995 and a member of GATT since 29 July 1948.
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Myanmar – Trade – European Commission
http://ec.europa.eu/trade/policy/countries-and-regions/countries/myanmar/
EU Trade relations with Myanmar. Facts, figures, latest developments and archives.
Housing and Rentals
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Myanmar Corporate Housing and Extended Stay Hotels
https://www.cia.gov/library/publications/the-world-factbook/geos/bm.html
A listing of accommodations in Yangon
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Accommodations in Myanmar
http://www.dontstayput.com/articles-2/destination-guides/accommodations-myanmar/
When budgeting for Myanmar, lodging is easily what causes travelers the most panic. Housing foreigners is technically illegal in Myanmar, and opening a hostel or guesthouse is both difficult and expensive.
Travel
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Lonely Planet – Myanmar/Burma
https://www.lonelyplanet.com/myanmar-burma
Top destinations and experiences in Myanmar
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Myanmar Tourism: Best of Myanmar 2016
https://www.tripadvisor.com/Tourism-g294190-Myanmar-Vacations.html
156,618 reviews of Myanmar Hotels, Attractions, and Restaurants making it your best Myanmar resource.
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