Introduction to Myanmar

Indicators 2014 - 2015 2015 - 2016
GDP (USD Billion) 64.33 64.87
GDP Growth Rate 8.5% 7%
GDP per Capita (USD) 641.67 824.19
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Currency S$ MMK
Jan 2015 1 635
OCT 2016 1 885
FEB 2017 1 976
Myanmar KYAT (MMK)
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Population 53.7 Millions 76 people/Sqmm
Yangon / Ayarwaddy / Mandalay
40 % of total
population
F.D.I (2015-2016) 9.5 Billions
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Yearly FDI permitted inflow.( in USD Million)

Electricity 2014 - 2015 2015 - 2016
Electricity Consumption
(per capita kWh)
222 263
Household Electrification Rate
(percent of Households)
29 33
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0
1000
2000
3000
4000
5000
2014 2015 2016
Gas (IPP) Gas (PUBLIC) Hydro (IPP) Hydro + Coal (PUBLIC)
Power System (Generating Capacity in MW by Sector)
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Power System (Transmission System Miles )
0
500
1000
1500
2000
2500
3000
3500
230 kV 132 kV 66 kV
2014 2015 2016
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" I always think
challenges are
interesting
and
help you to become
a better person.“
DASSK

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Business Potential
Myanmar offers abundant opportunities for foreign investors.
Having been isolated for decades, the country was left behind by its
regional counterparts in many respects. However, since the country
began opening up in 2011 it has been riding a series of reforms,
some of which have created favourable conditions for investors.
• Infrastructure improvements gradually taking place
• Liberalization of sectors which were previously closed
• Mass market and strategic location
• Low labour costs
• Reforming the foreign currency system
(Increased mobile and internet penetration, the development of special economic zones (SEZ), the
establishment of new airports and upgrades to the existing facilities, as well as better connectivity to
the international community — which has brought about the emergence of the aforementioned
SEZs, and increased partnership with foreign airlines — Myanmar is on the right path to a better
infrastructure future. )

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Challenges
Myanmar offers abundant opportunities for foreign investors,
following are some major challenges
that investors should expect before entering the country.
• Infrastructure needs
• steady and reliable electricity supply
• good road infrastructure
• high distribution costs associated with inefficiencies in transporting
goods
• Talent shortage
• Centralization slows down the processes
• Legal context still in progress

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LAWS
Many laws related to the business environment were
Enacted to attract the F.D.I
• The Central Bank Law,
• The Myanmar Foreign Investment Law
(to be amended by the recently enacted Myanmar Investment Law, which consolidates the
Myanmar Citizens Investment Law and the Foreign Investment Law),
• The Microfinance Law,
• The Myanmar Securities Exchange Law and
• The Special Economic Zone Law.
• The Financial Institutions Law (FIL)
Some laws are still being drafted, such as the Intellectual Property Law.

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OCCUPATIONS
Three Urban and One Rural
• Agricultural Workers (Rural Area)
• Entrepreneurs
• Private Sector Workers
• Public Sector Workers

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FIRST STEP
Singapore investors incorporation for foreign businesses in
accordance with the Companies Act can be done at
the Directorate of Investment and Companies
Administration (DICA) of the Ministry of Planning and Finance.:
• USD 50,000 minimum capital required for service companies
• USD 150,000 minimum capital required for other foreign
companies
• For Jont Venture Company Company Incorporation
certificate signed by DICA

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For Singapore base SMEs
MAS will raise the limit on a finance company’s aggregate
uncollateralized business loan to 25% of its capital funds from 10%
currently.
• Project loans to SMEs will be easier
• Myanmar’s large labour force and low wages have led to
significant interest from foreign firms in the manufacturing
sector.
• Myanmar aims to become a logistics hub connecting East
and West
• The total number of new residential units in Yangon has
increased by an average of 20,000 units per annum,
satisfying only about one-third of property demand
• Easing long-term land lease requirements
• Allowing foreign investors to hold small stakes in local
companies operating in the sectors which were previously
restricted from foreign ownership

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For Singapore base SMEs
BUDGET 2017
Help for businesses to expand overseas :
The Government will commit $600 million for a International
Partnership Fund, it will co-invest with these firms to help them
internationalise.
The fund will be managed by a unit of Temasek Holdings,
Singapore's state investment company. The fund will eventually
see its stake back to the Singapore company.
In addition, it will also enhance its Internationalisation.
Finance Scheme to enable firms to tap on the growing market
for infrastructure development in emerging Asian economies.

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OWNERSHIP OF BUSINESSES
Singapore investors can do
businesses by the following means:
• As a 100% foreign-owned entity
• By way of a joint venture with a Myanmar citizen or the
Myanmar Government
• By way of a “system contained in a contract approved by
both parties” (it will usually be a co-operation system between the
government and private sector, including build-operate-transfer (BOT) and
build-transfer-operate (BTO) systems)

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RESTRICTION
Singapore investors CANNOT do
following businesses :
• Arms and ammunition for national defence
• Prospecting, exploration and production of jade/gem stones
• Exploration of minerals including gold in the rivers and other
waterways
• Air navigation services
• Conservation and management of natural forests
• Cross ownership between print media and broadcasting
media service

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TAX
Corporate tax rates depend on the type of company.
Foreign companies registered under the Foreign Investment Law (FIL)
are treated as resident companies.
Generally,resident companies are taxed on a worldwide basis,
including income from sources outside of Myanmar, with the exception
of companies under FIL, which are not taxed on their foreign income.
The representative offices and foreign branches
are regarded as non-resident companies with a different taxation rate.

Trust Synergy is an Investment in Good Performance.
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Country
Director
Financial
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Sales & Marketing
Manager
Project Manager HR Director Accountant
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Tendering
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Admin
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Our Team
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Our Clients
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Trust Synergy International PTE. LTD.
Blk 12 , #05-08
Lorong Bakar Batu
Singapore 348745
Tel : +65-67423706
Hp : +65-91368500
Fax : +65-67484097
Email : naingwhbiz@gmail.com , nicholas@trustsynergyintl.com
Website : www.trustsynergyintl.com
Trust Synergy Myanmar Co., Ltd.
No. 18 , Level 3 , Shwe Pone Nyat Housing
Ba Yint Naung Road , Kamaryut Township
Yangon , Myanmar
Tel : +95-9-77770483865-67423706
Hp : +95-9-450066500 ,
65-67484097
Trust Synergy Vietnam Co., Ltd.
No 116 KyCon Street
Nguyen Thai Binh Ward
Dist 1 , Ho Chin Minn City
Trust Synergy Thai Co., Ltd.
JW Suite
87/1 Chok Chai 4, Soi 20
Lad Phrao, Bangkok
10230
ngapore 348745

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Introduction to Myanmar

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