Importance of Maintaining Your Company’s Financial Records
One of the easiest ways for business owners to mess things up is by failing to maintain proper financial records for their businesses. Unless a company maintains its financial records…
One of the easiest ways for business owners to mess things up is by failing to maintain proper financial records for their businesses. Unless a company maintains its financial records…
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 as company registration, corporate secretarial…
Managing your business’s finances effectively hinges on understanding the distinct roles of bookkeepers and accountants. While both are vital, their functions and skill sets differ significantly. Let's delve into these…
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 measure for the seamless renewal…
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 update on the process and…
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 a remote workforce has become…
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 financial position and performance becomes…
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’ will soon be felt across…
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 product range to woven fabric…