Expert advice from ground level has become essential since February 2021 when a military junta replaced the democratically-elected government and declared a state of emergency that was still in place by mid-2023. This severely affected the domestic economy and attracted international sanctions.
Myanmar’s military government is open to foreign investment and the Foreign Investment Law and Special Economic Zones offer tax concessions to foreign companies. However, the coup has complicated compliance procedures and guidance is necessary to steer a path through a commercial landscape where regulatory processes frequently change – and are often unpublished.
But each new markets bring new challenges, and these can be worked through efficiently and cost-effectively with the support of an international Professional Employer Organisation (PEO) such as Bradford Jacobs, especially through our Employer of Record (EOR) framework.