Exhibition information:
A wide range of economic reforms have been introduced in Myanmar in the past few years. The economy has been gradually liberalized and has increasingly opened its doors to foreign investment and trade. Domestic entrepreneurship has been strongly promoted to stimulate investment in the economy. As a result, Myanmar’s economy grew by 7.8% in 2014, and according to ADB’s Asian Development Outlook, it is on track to achieve the same growth rate in 2015. Growth has been supported by increasing investment, which in turn has been fueled by improved business confidence, exports, increasing production of natural gas, thriving tourism, and credit growth – all of which have been complemented by the government’s ambitious structural reform program. Myanmar is a member of the ASEAN Economic Community (AEC), which will begin operations in late 2015. Given its favorable strategic geographic position, Myanmar has a high potential to become a vital trade hub and production base in the region comprising ASEAN, China, and India. In addition, the country’s aim is to achieve the highest GDP growth rate in Southeast Asia in the coming years. The government of Myanmar has been making numerous efforts to achieve this objective and to make doing business in Myanmar easier. Registering your company is the first step that you will have to take before you can make any investments in the country. This brochure has been prepared to make registering a company a transparent, easy-to-understand, and cost-effective process for local and foreign companies. It has been developed by the Directorate of Investment and Company Administration (DICA) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), which are currently planning to also prepare guidelines on the processes involved in obtaining investment permits. More initiatives will soon be launched to further reform the company registration and investment permit issuance processes in order to facilitate stronger investment in Myanmar and to restore Myanmar’s economy to prosperity.