Myanmar was previously called Burma and is an emerging economy with plenty of significant potentials to buy a business. The country has migrated from a military rule to democracy and has had a transition from a centrally controlled economy to a market-oriented one. Myanmar is on its journey towards a prosperous future.
The recent governmental reforms have led to improve the country’s business climate and offer a favorable environment for new businesses making their entry into the market. There have been so many progressive reforms in the country since 2011 and have led to several international engagements favorable for entrepreneurship.
1. Expenses for doing business in the country are less
Myanmar has been opening up for trades and has been encouraging investment from foreign countries. There have been so many interesting business opportunities for foreigners as well as local entrepreneurs.
2. Opportunities to open and do business in infrastructure-related sectors such as: