Myanmar


Situated between India and China, Myanmar (Burma) acts as a gateway between the world's two most populated countries. This country, which has been in isolation for a long time, boasts vast areas of agricultural land, significant hydro-power reserves and an abundance of raw materials such as crude oil, gas, copper, wolfram, jade, gemstones and wood. Part of the approximately 3000-kilometre long coastline along the Andaman Sea and the Bay of Bengal has just been opened up and, besides short transportation routes for cargo shipments, it offers enormous potential of developing into a tourist destination.

 

Since the end of 2010, a process of political transition from military rule towards a parliamentary democracy has been underway and the country has gradually become an open economy. Most of the sanctions against Myanmar have been lifted, paving the way for foreign investment. A new regulatory framework, such as the Foreign Investment Act of 2012 and appropriate implementation regulations in 2013 have significantly improved investment conditions, and offer, particularly in the manufacturing sector, extensive tax and customs duty incentives.

 

Myanmar has been a member of the WTO since 1995. With anticipated growth rates of approx. 7%, the country shows great economic potential. Myanmar's competitive edge lies in its labour force with a relatively lower wage level, a partially developed market of 51 million prospective customers and almost barrier-free access to further parts of Asia thanks to the country's membership in the Association of Southeast Asian Nations (ASEAN). In addition, Myanmar – having the status of a developing country – is enjoying the EU tariff preferences under the Generalised System of Preferences. This guarantees duty-free import of products manufactured in Myanmar to the EU.

 

Rödl & Partner supports companies with their business engagements in Myanmar with an own office in Yangon. Our services portfolio includes legal and tax structuring as well as finance and accounting.

 

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 Legal services

Lutz Koch

+95 1 93 45 242
+95 1 93 45 243

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 BPO and Tax Consulting

Alexander Rindfleisch

Senior Associate

+95 1 93 45 242
+95 1 93 45 243

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 Contact in Thailand

Jürgen Baur

Partner

+66 (2) 0 26 32 58 – 919
+66 (2) 6 70 - 06 73

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 Contact in Germany

Markus Schlüter

Associate Partner

+49 (221) 94 99 09 – 342
+49 (221) 94 99 09 – 900

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 Address

Roedl & Partner Co., Ltd.


No. 10, 8/F Myanmar Centre Tower 1,
192 Kabar Aye Pagoda Road,
Bahan Township, Yangon

+95 1 93 45 242
+95 1 93 45 243

Alternative number:

+95 9 25 28 91 012
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