Myanmar Payroll
The Republic of the Union of Myanmar holds a key strategic location in South East Asia’s economic landscape with borders joining it to India, China and Bangladesh and coastlines with access to global trade corridors through the Indian Ocean and South China Sea. However, there are many challenges – and operating payroll for employees is among them.
How We Can Help You
Myanmar’s Special Economic Zones offer tax breaks and concessions to attract foreign investment into improving infrastructure and upgrading manufacturing technology. The sectors of oil and natural gas, processing minerals, producing materials for the construction industry, chemicals and pharmaceuticals are all areas for potential growth. Accessing the opportunities provided by the Myanmar economy requires comprehensive ‘on the ground’ intelligence, particularly since the military coup of February 2021 which has brought international sanctions.
Bradford Jacobs’ Professional Employer Organisation (PEO) and Employer of Record (EOR) platforms and networks provide complete answers to every question your company will encounter before you move into the economy, especially when it comes to operating payroll.