Which business is best in Myanmar?

What is the main business in Myanmar?

Other industries include agricultural goods, textiles, wood products, construction materials, gems, metals, oil and natural gas. The private sector dominates in agriculture, light industry, and transport activities, while the government controls energy, heavy industry, and military industries.

How can I start my own business in Myanmar?

Once your company in Myanmar is set up, you need to complete the following activities:

  1. Inject 50% of capital into your business.
  2. Submit a list of directors and shareholders.
  3. Get an official company seal.
  4. Register your tax and any employees for social security.

12.10.2018

What are the most successful small businesses?

Most profitable small businesses

  • Personal wellness. …
  • Courses in other hobbies. …
  • Bookkeeping and accounting. …
  • Consulting. …
  • Graphic design. …
  • Social media management. …
  • Marketing copywriter. …
  • Virtual assistant services. Finally, last on our list of the most profitable small businesses: virtual assistant services.

How many types of business are there in Myanmar?

Among them, the main types of companies and entities which are registered by investors are (1) Private Company Limited by Shares, (2) Public Company Limited by Shares and (3) Overseas Corporation. For private companies being set-up, only one director and one shareholder is required.

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Is Myanmar poor or rich?

But despite being a large country in a region of economic growth, Burma is also the poorest country in the region. About a quarter of the population is living in poverty, and, despite Burma’s being an extremely resource-rich country, its economy is one of the least developed in the world.

What is Myanmar famous for?

Myanmar, the official name of the Southeast Asian nation commonly known as Burma is a must-visit destination for travelers who like beaches and Buddha. This beautiful country is dotted with thousands of Buddhist temples. Besides, it has serene white beaches along the Andaman Sea and the Bay of Bengal.

What small business should I start in Myanmar?

Small business ideas in Myanmar

  • Convenient store. In a convenient location stocking a limited range of household goods and groceries could be a handy but good venture. …
  • Travel agency. …
  • Cell phone loading or recharge shop. …
  • Tea stall. …
  • Tuition center. …
  • Juice kiosk. …
  • Tailoring shop. …
  • Mobile food stations.

Can foreigners do business in Myanmar?

The Myanmar representative office

Local regulations stipulate that foreign companies can open representative offices in Myanmar. While the representative office can be 100% foreign owned, it is not allowed to pursue production-related or commercial activities in Myanmar.

How do I register a brand name in Myanmar?

Myanmar: Trademark Registration Soft Opening – Online Filing from 1 October 2020

  1. A copy of the trademark filed with the ORD;
  2. A certified true copy of the certificate of registration issued by the ORD;
  3. Evidence of a cautionary notice featured in a newspaper or any other medium;
  4. Proof of use of the mark in the country;
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31.08.2020

What businesses are in demand?

Best low-investment business ideas you can start on the side

  1. Partner with a dropshipper. …
  2. Design and sell print-on-demand t-shirts. …
  3. Launch your own book. …
  4. Create digital products or courses. …
  5. Sell print-on-demand posters, greeting cards, and prints. …
  6. Start a charitable business. …
  7. Sell a service. …
  8. Create an online fashion boutique.

24.01.2020

What businesses will always be in demand?

If you yearn to run a profitable business (don’t we all), take a look at the following 20 most profitable small businesses.

  • Tax Preparation and Bookkeeping. …
  • Catering Services. …
  • Website Design. …
  • Business Consulting. …
  • Courier Services. …
  • Mobile Hairdresser Services. …
  • Cleaning Services. …
  • Online Tutoring.

22.03.2018

What businesses make a lot of money?

25 Businesses That Will Make You a Millionaire in 5 Years

  • Financial Services. …
  • Eldercare. …
  • Business Consultancy. …
  • Investment Firm. …
  • Education and Training Service. …
  • Insurtech. …
  • Cleaning Business. …
  • Healthcare Consultancy.

12.07.2019

What can I sell in Myanmar?

Best Things to Buy in Myanmar

  • Jewellery. The most signature jewellery item easily found in Burma is gemstones, mainly rubies, jade or sapphire stones, which contain high value and appreciation in market. …
  • Longyi. …
  • Sand paintings. …
  • Tapestries. …
  • Lacquerware. …
  • Marionette. …
  • Carvings. …
  • Gold leaf.

5.12.2018

What kind of business can I do from home?

Top Home Based Business Ideas for Canadians

  • Idea #1: Start a blog. …
  • Idea #2: Sell products online. …
  • Idea #3: Renting our your space. …
  • Idea #4: Driving for Uber/Lyft/Skip the Dish/Uber Eats. …
  • Idea #4: Freelance Writing. …
  • Idea #5: Thrift Store and Garage Sale Resellers. …
  • Idea #6: eBay, Etsy, Amazon, Kijiji.
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What companies are in Myanmar?

Notable firms

Name Industry Headquarters
Htoo Group of Companies Conglomerates Yangon
Myanmar National Airlines Consumer services Yangon
Myanma Oil and Gas Enterprise Oil & gas Naypyidaw
Myanmar Airways International Consumer services Yangon
Notes from the road