Why Audit Services are Vital for Myanmar’s Expanding Businesses
Why Audit Services are Vital for Myanmar’s Expanding Businesses As Myanmar’s economy continues to grow and open up to international
Unlock Myanmar’s Potential for Business Expansion with Inter Group
Myanmar offers emerging market opportunities in the heart of Southeast Asia. With Inter Group’s local expertise, your business can thrive in this dynamic economy
Introduction to Myanmar as a Business Hub
Myanmar is one of the fastest-growing economies in Southeast Asia, rich in natural resources and strategically located between India, China, and the rest of ASEAN. As the country continues to open up to foreign investment, it presents unique opportunities for businesses in sectors such as energy, agriculture, manufacturing, and telecommunications. Setting up a company in Myanmar allows businesses to tap into an emerging market with a growing consumer base and increasing integration into global trade networks.
Advantages of Setting Up a Business in Myanmar
Strategic Location and Market Access
Myanmar is located at the crossroads of Asia, providing businesses with access to major markets such as India, China, and the ASEAN region, making it a valuable base for regional operations.
Emerging Market with High Growth Potential
Myanmar’s economy has been experiencing rapid growth, with opportunities in key sectors like infrastructure, natural resources, and consumer goods. As the country develops, it offers a fertile ground for both local and foreign investments
Government Incentives for Foreign Investment
Myanmar offers several investment incentives to foreign businesses, including tax holidays, exemptions, and special economic zones designed to attract international companies.
Untapped Consumer Market
With a population of over 54 million people, Myanmar offers a largely untapped consumer market that is becoming more receptive to foreign products and services.
Resource-Rich Economy
Myanmar is abundant in natural resources, particularly in the oil, gas, and mining industries, which present lucrative opportunities for businesses looking to invest in these sectors.
Why Choose Inter Group for Your Myanmar Expansion?
Local Knowledge and Global Expertise
Inter Group’s deep understanding of Myanmar’s business environment ensures that your company is set up efficiently and in full compliance with local regulations. Our global expertise helps businesses adapt and grow in emerging markets like Myanmar.
Comprehensive Corporate Services
From company incorporation and tax planning to regulatory compliance and corporate secretarial services, Inter Group offers a complete solution for businesses entering the Myanmar market.
Tailored Solutions for Every Business
Inter Group provides customized advisory services based on your business needs, whether you’re a startup or an established company looking to expand into Myanmar.
Strong Banking and Financial Relationships
We assist with bank account opening, financing options, and securing banking services through our strong partnerships with local and international banks operating in Myanmar.
Services for Business in Myanmar
Company Incorporation
Inter Group handles the full incorporation process, ensuring all legal and regulatory requirements are met efficiently.
Corporate Secretarial Services
We offer corporate secretarial services to ensure that your business remains compliant with Myanmar’s statutory requirements.
Work Permits and Visa Assistance
We assist with securing work permits and visas for your employees, ensuring smooth immigration processes.
Tax and Legal Compliance
Our team of tax professionals will guide you through Myanmar’s complex tax system, ensuring accurate tax planning, computation, and filing.
Insights
A: Corporate advisory involves strategic advice on structuring and growing your business. It helps with compliance, risk management, and decision-making to support expansion and long-term success.
A: Inter Group provides corporate advisory services tailored to Singapore, Thailand, and Myanmar. We assist in regulatory compliance, legal structures, tax planning, and market entry strategies.
A: In Singapore, corporate advisory focuses on leveraging government grants and incentives. In Thailand, it's about navigating local regulatory requirements, while in Myanmar, we focus on compliance with rapidly evolving legal frameworks.
Updated Tax Filing Deadlines and Penalties
Details: The IRD in Myanmar has revised its tax filing deadlines and imposed stricter penalties for late or inaccurate filings.