Your question: What small business should I start in Myanmar?

How can I start my own business in Myanmar?

Once your company in Myanmar is set up, you need to complete the following activities:

  1. Inject 50% of capital into your business.
  2. Submit a list of directors and shareholders.
  3. Get an official company seal.
  4. Register your tax and any employees for social security.

Which business is best in Myanmar?

According to the campaign, the 2020 best corporate companies to work in Myanmar are

  • Grand Royal Group International Co. …
  • Maersk Myanmar.
  • Mascon International Business Services Co. Ltd.
  • Nestle Myanmar (Trading) Ltd.
  • Super Seven Stars Group.
  • uab bank Ltd.
  • Unilever EAC Myanmar Co. Ltd & Unilever Myanmar Ltd.
  • YOMA BANK Ltd.

What small business should I do in Myanmar?

Key Business Opportunities in Myanmar

  • Agriculture. Myanmar’s economy is based on agriculture as the country consists of abundant fertile land and water resources. …
  • Tourism. …
  • Real Estate and Urban Solutions. …
  • Manufacturing. …
  • Power.

What are the most successful small businesses to start?

Most profitable small businesses

  • Personal wellness. …
  • Courses in other hobbies. …
  • Bookkeeping and accounting. …
  • Consulting. …
  • Graphic design. …
  • Social media management. …
  • Marketing copywriter. …
  • Virtual assistant services. Finally, last on our list of the most profitable small businesses: virtual assistant services.
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Can foreigners do business in Myanmar?

The Myanmar representative office

Local regulations stipulate that foreign companies can open representative offices in Myanmar. While the representative office can be 100% foreign owned, it is not allowed to pursue production-related or commercial activities in Myanmar.

What should I invest in Myanmar?

The opportunities in Myanmar

  • 1) Telecoms. Myanmar is one of the world’s last untapped mobile markets, with less than 10% of the 60 million population currently using mobile phones. …
  • 2) Banking. …
  • 3) Energy and Resources. …
  • 4) Tourism. …
  • 5) Market research. …
  • 6) Major infrastructure. …
  • 1) Reliance on agriculture. …
  • 2) Political risks.

What kind of business can I do from home?

Quick Search Guide hide

  • 2.1 Idea #1: Start a blog.
  • 2.2 Idea #2: Sell products online.
  • 2.3 Idea #3: Renting our your space.
  • 2.4 Idea #4: Driving for Uber/Lyft/Skip the Dish/Uber Eats.
  • 2.5 Idea #4: Freelance Writing.
  • 2.6 Idea #5: Thrift Store and Garage Sale Resellers.
  • 2.7 Idea #6: eBay, Etsy, Amazon, Kijiji.

Is Myanmar a good place to do business?

Yangon, Sagaing, Bago and Nay Pyi Taw have emerged as the best environments in which to do business in Myanmar, according to the Myanmar Business Environment Index 2020 (MBEI). … Results are analysed to produce an index for each state and region of Myanmar, establishing a benchmark for rating business-friendliness.

What are the good business ideas?

13 low-investment business ideas that make money

  • Start a dropshipping business.
  • Design and sell print-on-demand t-shirts.
  • Launch your own book.
  • Create digital products or online courses.
  • Sell print-on-demand posters, greeting cards, and prints.
  • Start a charitable business.
  • Sell a service.
  • Create an online fashion boutique.
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