4 Jan 2017
Doing Business in Myanmar for US Companies
Myanmar has undergone a political and economic transformation with incredible speed and success. This transformation has allowed it to leave behind its isolation and move towards full integration into the global economy.
In 2015, Myanmar held its first national election in 25 years, which ushered in a new era of democracy and economic prosperity. Investor expectations were so high that Myanmar experienced GDP growth of 7.8 percent in a historic election year. In contrast, the U.S. experienced GDP growth of 2.4 percent.
In the last four years, significant reforms have been undertaken to build investor confidence in Myanmar, including the passing of the Arbitration Law. Important new laws in their late drafts are the Companies Law, Investment Law and several Intellectual Property laws.
Given its rapid accession to the world stage, US investors can no longer afford to wait to invest in Myanmar.
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