Myanmar
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Myanmar's economy has grown 6 per cent to 8 per cent every year since 2012, when the United States eased sanctions against the country. The country has become a key market of interest for foreign investors after launching an economic overhaul aimed at reintegrating into the global economy.
MAIN LANGUAGES
Myanmar language
POPULATION
52.9 million (2016)
LAND AREA
676,578 km²
CAPITAL
Naypyidaw (Yangon is the economic capital)
CURRENCY
Myanmar Kyat (MMK)
TIME ZONE
GMT +6:30
EASE OF DOING BUSINESS
Ranked 171 out of 190 economies (World Bank Doing Business 2018)
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The Directorate of Investment and Company Administration (DICA) is in charge of handling company registrations for local and foreign businesses under the Companies Act. DICA also serves as a secretary to the Myanmar Investment Commission
www.dica.gov.mm | (95-1) 658 121 | DICA.NPED@mptmail.net.mm
The Myanmar Investment Commission (MIC) is a government-appointed body responsible for verifying and approving investment proposals. It also issues regular notifications on sector-specific developments.
www.dica.gov.mm/en/information-myanmar-investment-commission-MIC | Head office Yangon (95-1) 658 103
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Venturing into Myanmar: Useful business contacts
Planning to do business in Myanmar? Here’s our round-up of local government agencies and business chambers that may be useful.
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