Opportunities for Business

michaeldon · 2013-05-23T21:05:14+02:00

Explore business opportunities in Myanmar, discussing essential needs, challenges for foreigners, and startup advice for aspiring entrepreneurs.

michaeldon Member

Member since 23 May 2013

michaeldonMember23 May 2013 19:05:14

Hi guys, I am new here.

I read a bit about Myanmar this week and it sounds like the opportunity of a lifetime to get in at the ground floor with a business. From what I read the country needs everything from roads, to electricity, to banks and hospitals.

I also read that the country is barely ready to receive foreign income as new laws must be passed. However, he who dares wins. Is it too early to get started?

What is the mood like there? Is it impossible to get anything done? Are you going to tell me it's just too hard and to forget it? I heard that many times before

How might I get started? Can a foreigner even own a company there yet?

I am all ears.

David ViP

Member since 29 January 2013

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DavidViP24 May 2013 05:35:48

9410

Hi michaeldon,

Welcome to expat-blog!

Please can you write an introduction of yourself, and giving more details about your business project may help to guide you in the right way.

Thank you,

David.

michaeldon Member

Member since 23 May 2013

michaeldonMember24 May 2013 06:02:48

Thanks David. I am in the travel business now but I don't necessarily see that as what I want to do in Myanmar. I am thinking along the lines of construction - building office blocks or residential real estate to support the wave of inevitable expats.

I am an ex telecom infrastructure engineer. I used to build GSM networks with Nokia, so a telecom bushiness supporting the new networks would also not be out of the question, although not my first choice because it would only last a few years.

Another thought I had was that it might be possible to get a banking license and start a small bank. Still I am sure there are many more possibilities.

Winston Paing Contributor

Member since 22 October 2012

Winston PaingContributor26 May 2013 16:35:54

108

Hi Michael,
My name is Winston Paing. If you are free next Saturday evening, we can get together at Union Bar. Pls let me know.
Regards,
Winston.

michaeldon Member

Member since 23 May 2013

michaeldonMember26 May 2013 16:45:05

Hi Winston

That might be a bit difficult. I am about 12 hours away by plane

Winston Paing Contributor

Member since 22 October 2012

Winston PaingContributor26 May 2013 17:24:45

108

Hi Michael,
Bon voyage!

michaeldon Member

Member since 23 May 2013

michaeldonMember26 May 2013 17:47:27

Heh, I mean I am now researching and I live in Bulgaria.

I will come to Myanmar in a couple months and I hope by the to have learned a lot and have met a lot of interesting people here.

ntuc-man Active member

Member since 17 May 2013

ntuc-manActive member28 May 2013 00:34:32

[Moderated: Please post in Jobs section]

joseeto New member

Member since 07 January 2013

joseetoNew member28 June 2013 12:23:43

If you want to understand the business opportunities in Myanmar just search in YouTube for "Myanmar Investment Opportunities - what you need to know" by consultmyanmar. One of the best explanation I have seen on how the various laws in Myanmar works. Sorry I could not post url on this site for some reasons.

tin nwe tun Member

Member since 07 July 2013

tin nwe tunMember07 July 2013 19:09:40

#10

hi,.,.
it is not early to start your own business in Yangon. There is plenty of opportunities in Travel , Tourism and Hospitality. If you wanna discuss further more with me, please contact this number if you are in Yangon until August,(0943076925)
I believe I can share some good ideas for you.
regards
nwe