There is an open call to serious investors to undertake various business opportunities in Myanmar as it seeks to foster development throughout the country. Various opportunities exist including real estate Yangon area, manufacture, oil, and gas as well as tourism and many others. The government of Myanmar has adopted smart policies aimed at creating a favorable atmosphere in different sectors. These sectors are seen as pivotal in improving the economy of the country, for instance, infrastructural development, to support the modernization of agriculture which will diversify exports and add value to domestic products as well as those exported to international markets. So if you are thinking of investing in Myanmar, here are some of the reasons you should go right ahead and put that money into the economy.
Proven Record of Development
Economic figures show that the country is experiencing steady growth with a rise in GDP that has been supported by a growing telecommunication sector that not only provides jobs but fosters connectivity which is a vital part of development. The government too is devoted to enabling investment in the country with favorable policies that stimulate industrial growth and opens markets for produce. This growth also means the middle class has grown and that sets a stage for more demand for goods and services.
Ideal Location for Trade
Myanmar is favorably located in Asia which gives it a central position for trade within Asia. With its growing infrastructure, trade is easy to conduct with different countries including economic giants like China and India. Road air and rail networks also mean that real estate is a big investment opportunity. Both foreigners and nationals have more demand for Property Yangon markets which will fuel the economy even more.
The population is Eager for Development
Investment in Myanmar is an investment in its population. Recent estimates put the population of Myanmar at over 50 million people with the bulk of the population in their youth and looking for better products and services. Yangon is one of the biggest urban centers and offers a number of opportunities. The construction industry in Yangon too has registered remarkable growth and continues to expand which means you can find reliable real estate agency in Yangon. But that is not all, there are various other businesses that can develop from the emergence of construction industry. The government has already set up strategies to improve the vocational sector which will provide more labor for the construction industry.
Ease of Doing Business
Investing in Yangon real estate is becoming easier, the government has set up policies to ensure a liberal investment environment with a focus on transparency and fluid procedure for the operation of businesses. Troubles like double taxation and other taxation bottlenecks are being addressed. The private sector is also more involved in helping to set up frameworks for the operations of businesses in the country. In the end, investment in Myanmar is a move to be part of an upward moving economy with a lot of opportunities that seem certain to produce fruits. The culture of the people is welcoming and they are happy to learn and adopt new cultures as well.