Myanmar

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How would you characterise Myanmar’s overall business and investment environment?

 

CHATRIUM HOTEL ROYAL LAKE YANGON 40 Natmauk Road, Tamwe Township +95 1 544 500 info.chry@chatrium.com www.chatrium.com Rooms: 300 rooms and suites, including 175 deluxe rooms (40 sq metres), 89 Chatrium club rooms (40 sq metres), 15 studio suites (61 sq metres), 15 deluxe suites (75 sq metres), 5 luxury suites (85 sq metres) and 1...

 

ETIQUETTE: In a formal setting, “U” should be used in front of a name when addressing a man and “Daw” when addressing a woman. This roughly translates to Mr. and Lady. It is common practice to remove footwear before entering a workplace or home; removing shoes and socks before entering a pagoda or temple is required. A handshake is...

 

With the Industrial Design and Trademark Laws enacted in January, the Patent Law enacted in March and the Copyright Law in May, the year 2019 marked the start of a significant move towards stronger intellectual property (IP) protections in Myanmar. The country previously relied on colonial-era legislation, but the implementation of these...

 

The year 2019 marked the continuation of several policy shifts brought about by the 2017 Myanmar Companies Law (MCL). The authorities have begun to issue new policies in order to allow foreigners to invest in sectors that were otherwise reserved for Myanmar citizens, such as banking and trading in listed companies. Among the most notable...

 

Having been under UK rule in the 19th century and the first half of the 20th century, Myanmar has traditionally practised the same accounting and audit principles as the UK and India. While the accounting profession in Myanmar has a long history, its development has been impacted by many years of isolation. The country gained independence in...

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