Myanmar (formerly known as Burma) is a country in Southeast Asia that is currently experiencing unprecedented economic growth. The Chicago Tribune reported that the nation’s GDP could increase by 5.5 percent to 6 percent over the next two years, making it a strong candidate for international business.
“There is very strong momentum. I have been working with the country since 2009 … and I think over the last couple of years the progress is really very, very tangible,” said International Monetary Fund mission chief Meral Karasulu, according to the news source. “Myanmar could see strong growth if it pursues the necessary reforms to take advantage of its rich natural resources, young labor force, and proximity to some of the world’s most dynamic economies.”
Perhaps most encouraging for lawyers seeking legal recruitment is the fact that Myanmar has approved new foreign investment laws that include guaranteed five-year tax exemptions with possibilities for extension. Other incentives like land-use terms and legal regulations are spelled out in the legislation, and these could encourage global investors, according to the Financial Times. If this trend continues, Myanmar could soon compete with some of the larger economies of the region.
International corporate law is certain to play a big part in Myanmar’s future, and many lawyers are looking to capitalize on this developing market as soon as possible. Those contemplating an international move might consider using attorney headhunters due to the extensive knowledge of regional culture and business etiquette. For example, recruitment firm Kinney Recruiting can provide access to job listings in either Myanmar or other nearby countries. Additionally, as more foreign firms look to expand into the region, Kinney Recruiting can help you target the right corporate move to advance your legal career.
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