Business with Myanmar - A New Approach
Myanmar Ways of Conducting Business Is Changing.
/EINPresswire.com/6th Myanmar Business Conference concluded with officials assuring that Myanmar is changing for the better for foreign and local investors. The legal reform will change the way business is done in Myanmar in the future.
Mr William Tan, the organiser said "The way that Myanmar conducts business is changing to be in-line with the international practices. With all the "updating" of laws, business transaction will be transparent and fair practise will be adhering to. International competitions coming to Myanmar will help to reshape the way to do business in Myanmar".
In concluding the conference, delegates/participants accord the speakers who are officials from various ministries with a standing ovation for their sincere and frank advice on the current stage of business opportunities in Myanmar and their efforts to shape Myanmar pro business policies.
Clarification on the Land use rights were discussed and foreign investors can leased land from government or private land owner for 50 years with extension of 10 years twice bringing the total lease to 70 years.
Myanmar plans to open its telecommunications sector to foreign investment, allowing international companies to form joint ventures with the government to build infrastructure and provide services in the nation.
All issues related to legal aspects of doing business with Myanmar were discussed and clarified.
Participants appreciate the running commentary provided by Mr William Tan in-between speakers delivering their papers were packed with experiences from his 17 years of working experience with Myanmar. Mr William tips on how to ensure that projects receive the attention of relevant officials and survive its course and to buying the genuine diamond at the right price in Yangon were refreshing.
The step-by-step guide and pitfalls were highlighted for foreign investor to minimise "learning curved".
Participants were caution of their expectation that Myanmar legal system is currently "work-in-progress" but they have the opportunity to contribute their views and perhaps influence how the law can be finalised.
William Tan expressed hope that businessmen who are forward looking and willing to invest time and capital to have a presence in Myanmar will succeed better.
He added that, "Some participants have asked us to assist them in registering for a companies or rep office in Myanmar. Others have requested assistance to organise their business trip to Myanmar."
The Myanmar Business Conference series succeeded again in matching participants' business interests and the dynamics was experience with networking in possible multi-million dollars deals among them as they are all coming together with the common interests of doing business with Myanmar.
The 6th Myanmar Business Conference attracted reputable Myanmar companies' participants seeking foreign expertise and capital. These participants brought with them projects and opportunities looking for foreign expertise, know-how and capital.
Mr William said, "We are working on a one-day seminar to share our experience of doing business with Myanmar in the past, present and the future. We will share our opinion as to how companies should position themselves and strategise to benefits from the expected influx of foreign investors.
There are a lot of opportunities and will remain so until you do something about it. The seminar will have a Myanmar lawyer/accountant to address the company formation, taxation and labour policies issues. The seminar is expected in August/September in Singapore."
You may register your interest for the one-day seminar at seminar@frc.com.sg and more details will be forwarded to you when available.
FRC Conference will also be organising a Business Trip for participants to meet their counterparts and officials in Nay Pyi Taw soon. You may register your interest at trip@frc.com.sg for more details.
/EINPresswire.com/6th Myanmar Business Conference concluded with officials assuring that Myanmar is changing for the better for foreign and local investors. The legal reform will change the way business is done in Myanmar in the future.
Mr William Tan, the organiser said "The way that Myanmar conducts business is changing to be in-line with the international practices. With all the "updating" of laws, business transaction will be transparent and fair practise will be adhering to. International competitions coming to Myanmar will help to reshape the way to do business in Myanmar".
In concluding the conference, delegates/participants accord the speakers who are officials from various ministries with a standing ovation for their sincere and frank advice on the current stage of business opportunities in Myanmar and their efforts to shape Myanmar pro business policies.
Clarification on the Land use rights were discussed and foreign investors can leased land from government or private land owner for 50 years with extension of 10 years twice bringing the total lease to 70 years.
Myanmar plans to open its telecommunications sector to foreign investment, allowing international companies to form joint ventures with the government to build infrastructure and provide services in the nation.
All issues related to legal aspects of doing business with Myanmar were discussed and clarified.
Participants appreciate the running commentary provided by Mr William Tan in-between speakers delivering their papers were packed with experiences from his 17 years of working experience with Myanmar. Mr William tips on how to ensure that projects receive the attention of relevant officials and survive its course and to buying the genuine diamond at the right price in Yangon were refreshing.
The step-by-step guide and pitfalls were highlighted for foreign investor to minimise "learning curved".
Participants were caution of their expectation that Myanmar legal system is currently "work-in-progress" but they have the opportunity to contribute their views and perhaps influence how the law can be finalised.
William Tan expressed hope that businessmen who are forward looking and willing to invest time and capital to have a presence in Myanmar will succeed better.
He added that, "Some participants have asked us to assist them in registering for a companies or rep office in Myanmar. Others have requested assistance to organise their business trip to Myanmar."
The Myanmar Business Conference series succeeded again in matching participants' business interests and the dynamics was experience with networking in possible multi-million dollars deals among them as they are all coming together with the common interests of doing business with Myanmar.
The 6th Myanmar Business Conference attracted reputable Myanmar companies' participants seeking foreign expertise and capital. These participants brought with them projects and opportunities looking for foreign expertise, know-how and capital.
Mr William said, "We are working on a one-day seminar to share our experience of doing business with Myanmar in the past, present and the future. We will share our opinion as to how companies should position themselves and strategise to benefits from the expected influx of foreign investors.
There are a lot of opportunities and will remain so until you do something about it. The seminar will have a Myanmar lawyer/accountant to address the company formation, taxation and labour policies issues. The seminar is expected in August/September in Singapore."
You may register your interest for the one-day seminar at seminar@frc.com.sg and more details will be forwarded to you when available.
FRC Conference will also be organising a Business Trip for participants to meet their counterparts and officials in Nay Pyi Taw soon. You may register your interest at trip@frc.com.sg for more details.
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