What are Corporate services, and Why Do Businesses Outsource? Corporate services refer to a range of support activities that businesses need to operate efficiently, such
Nowadays’ globalised economy, business expansion is increasingly becoming an essential part of many companies’ growth strategies. Venturing beyond domestic markets to seek opportunities in foreign countries, a process known as international expansion, can significantly enhance a company’s market reach, competitive edge, and overall profitability.
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
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
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’
Insurance is an important global service – vital to commerce and private individuals. 1.) Why is insurance important to an emerging market? 2.) How does
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
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
Considerable work amalgamating many documents is now complete within a publication by the ILO for companies, employees and Government departments, offering guidance on regulations relating
Products from Unison Collaborative are now available via a local source in Myanmar. FocusCore was chosen to help Unison Collaborative setup a joint venture in
New rules have been announced relating to the funds required by an overseas insurance company, when operating in Myanmar. In the past, the capital fund
KANBAWZA Bank (KBZ Bank) Limited, part of the KBZ Group of companies, has confirmed that they now have USD settlement account facilities via the international
FocusCore works with companies to help them complete all the necessary steps to incorporate their company in Myanmar. Now, when client companies visit FocsCore, an
We have received many enquiries from companies seeking more information following our recent blogs – on the Executive Order from The White House for the
Foreign Direct Investment has a catalytic effect on a country, which can trigger a sooner than expected demand for products and services. We have listed
Any Foreign National who wishes to enter Myanmar, must obtain a visa unless he or she is a citizen of one of the eligible visa
The Ministry of Commerce has announced an updated list of products, which will no longer require an import licence from 1 September. This is good
Earlier this year in April, ÆON Co. Ltd., the largest retailer in Asia and Creation Myanmar Group of Companies Limited (CMGC) formed Aeon Orange Co.,
Changes have been announced that relate to the tax applied on medical products entering Myanmar. This was part of the role completed by The Myanmar
It has been confirmed that when the new Myanmar Investment Law is passed, one of the key changes will mean a stop to the benefits
Apollo Towers Myanmar has been rapidly improving the communications infrastructure in Myanmar. They are part of the Tillman Global Holdings Group USA. For Myanmar they
