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  • Investing in Myanmar

  • Investing in Myanmar

  • Investing in Myanmar


Investing in Myanmar


Taxes in Myanmar

Taxes in Myanmar

An overview of the financial charges, in the form of taxes, that could be met in Myanmar (Burma)

Incentives Under The New Myanmar Foreign Investment Law:

+ For the first 5 years of operation, you will not be required to pay income taxes
+ Tax exemption on reinvested profits (those reinvested within one one year)
+ Accelerate depreciation of assets
+ 50% reduction on taxes if your goods are produced for export
+ You can deduct research and development expenses (if research and development take place in Myanmar)
+ No... [ More ]



Banks in Myanmar

Banks in Myanmar

Myanmar will likely allow international banks to operate by 2015 as it revises laws to attract foreign investment. The authorities plan to complete amendments to laws on banking, insurance and foreign exchange operations.

The moves are expected as part of a broader opening of Myanmar's economy.

Myanmar's financial system remains primitive by international standards, and the country only recently got its first ATMs. The country also employs a confusing multiple exchange-rate system, though Myanmar's government is widely expected to change that system in favour of... [ More ]


Did You Know?
Myanmar lies on the crossroads of two of the world's great civilizations – China and India . Its culture is a blend of both interspersed with Myanmar native traits and characteristics. Buddhism has great influence on... ... More

Featured news story
Burma Tourist Arrivals Are Fastest-Growing in SE Asia
Burma Tourist Arrivals Are Fastest-Growing in SE Asia

Featured Video
Myanmar's Reforms Generate Huge Economic Potential - Invest Myanmar.biz video
Myanmar's Reforms Generate Huge Economic Potential

COUNTRY SNAPSHOT
GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
GDP growth 2011 5.5 %
FDI 2011 USD 1.05 B
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