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What kind of government does Myanmar have now?
The Republic of the Union of Myanmar is at a historic moment, with a new civilian government assuming power in 2016. The country graduated to lower-middle-income status in 2015, and has made significant progress in reducing poverty, improving food security and addressing malnutrition.
How to set up a business in Myanmar?
The parent company needs to deposit this from their equity. Another prerequisite for setting up a business in Myanmar is to have a registered address for your company. You can register your business with a virtual office or a physical office. Foreign-owned entities can rent a physical office for up to 2 years.
How does the Asian Development Bank help Myanmar?
In line with the CPS, ADB has made considerable efforts to ensure that all ADB projects are conflict-sensitive and focus on inclusivity. ADB assistance will (i) not worsen ongoing conflict; (ii) contribute to Myanmar’s inclusive development, ensuring equitable benefits to all communities; and (iii) not be disrupted by local conflict.
What is the country strategic plan of Myanmar?
The country strategic plan was developed in consultation with government ministries and other partners. It is informed by the national strategic review of food and nutrition security, a 2016 operation evaluation and government policies and plans.
Last Update: Oct 2021
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