Navigating the Financial Year-End: A Guide for Businesses in Myanmar
As we approach the end of the year, businesses across Myanmar are gearing up for a critical process: wrapping up their financial affairs. The financial
As we approach the end of the year, businesses across Myanmar are gearing up for a critical process: wrapping up their financial affairs. The financial
As the financial year is about to end, businesses are gearing up to chart their course through the ever-changing landscape of commerce. While innovation, market
Essential Legal Considerations for Business Acquisition in Myanmar
Renewing your Foreigner Registration Certificate (“FRC”) for foreigners residing in Myanmar before December 31st is essential. Beyond being a legal obligation, it is a crucial
Published: June 7, 2021Updated: March 21, 2022 Background Many foreigners have expressed interest in returning to Myanmar and subsequently contacted FocusCore Myanmar to receive an
Top 3 benefits we want to share, which our clients have experienced after they decided to outsource their bookkeeping and accounting; especially during COVID-19 where
As the financial market in Myanmar tries to reform from a collateral-based loan to credit-based system, having a GAAP accounting system to monitor the company’s
As Myanmar catches up with the rest of the world with the spread of COVID-19, it becomes apparent that the effects of the ‘Great Lockdown’
Founded in 1997, Lippotex Industries produced sportswear and knitted garments for export markets. Adapting the changes of market and world economy, they then expanded their
The mission of AMCHAM Myanmar is to promote and connect American business in Myanmar by encouraging local partnerships and upholding the highest business standards. The
Foreign Banks operating in Myanmar can now open branches across all of Myanmar to provide banking services to retail customers. This has been awaited eagerly
Insurance is an important global service – vital to commerce and private individuals. 1.) Why is insurance important to an emerging market? 2.) How does
International Chambers of Commerce in Myanmar from Australia, Britain, Europe (EU), France, Germany, Italy, and The United States have come together as signatories to publish
In our blog of last November we outlined the news of a new Directive, issued by the Central Bank of Myanmar (CBM), authorising wholesale banking
September 2018 FocusCore Myanmar published a blog with the headline “MYANMAR opens its doors to Overseas Insurance companies – contact FocusCore today”. Now, following more
A service to provide background checks for lenders is finally going to open in Myanmar – Myanmar Credit Bureau Limited, MCBL. Over the last three
A new Directive has been issued by the Central Bank of Myanmar (CBM). Wholesale banking services are now allowed to be supplied by foreign banks
In October the Myanmar Investment Commission (MIC) launched the Myanmar Investment Promotion Plan (MIPP). The aim, to attract more than USD 200 billion over the
The Government in Myanmar is reviewing tax laws with potential changes expected in the near future. For companies, correct tax reporting will be even more
We have received many calls from companies seeking more information on the changes that came into effect in August of this year, via the Myanmar
From 1st October 2018 insurance companies from overseas will be authorised to trade in Myanmar. This huge change for Insurance Companies, that also benefits all
The Central Bank of Myanmar (CBM) has now, as predicted, authorised overseas banks operating in Myanmar to offer facilities for exports AND imports. Previously, it
The Mynanmar Ministry of Commerce on 9 May authorised foreign firms to operate businesses with 100% ownership to provide wholesale and retail services in Myanmar.
This may be the most important blog we have ever written. Action is required by your company to protect trademarks even if already declared. If
Overseas investors can now create a 100% holding company to finance a new enterprise for the education sector in Myanmar. A recent Notification from The
Attention from local and overseas companies continues to grow with all eyes on the rule changes applying to companies operating in Myanmar. The changes are
In November 2017 an International Monetary Fund (IMF) team visited Myanmar. We include some of their key findings and some comments on 2017 from those
The Myanmar government has published policies seeking to operate state owned enterprises through private partnerships. There are also other partnerships, some of which we outline
It was in our January 2017 blog that we confirmed the arrival of a new player in the expanding Myanmar Telecoms marketplace. We also confirmed
The National Assembly has passed the Myanmar Companies Law (the “Law”). After extensive debate on various aspects of this long awaited Myanmar corporate reform the