Sunny1803

Sorry but I just don't believe the numbers quoted:

- Thai students - 450 - believable.

- Singapore students - 550 - not believable because teachers actually teach 99%

of all classes in English in singapore, students totally immersed in English from

day 1 at Kindergarten. The averageTOEFL score for Singapore students must be

a lot higher than 550 / the gap cannot be just 100, impossible.

Totally agree with your comment. This doesn't add up.

This wouldn't make the Thai's look that bad

Apart from the reward itself, Brinks should perhaps also consider giving the tax-driver a job, an honest man is hard to find !

Good on him !

Very True....he deserves it.

Thais are just children, with guns and attitude!

and so are some in US...stop pointing the entire community ..for few bunch of Jokers out there...

simon43 wrote:- "Although the Foreign Business Investment Law was passed by government just a few days ago, the incentives are really only of interest to larger investors and companies. For a small business, majority foreign ownership is not possible."

No law was passed, Thein Sein refused to sign it into law, it's back up for discussion.... yet again...

I run a small business by the way, I have majority ownership. It really rather depends on what type of business you're looking at, it's certainly possible in every instance, whether or not it's worthwhile is another story.

You'd do well to stay away from the expats here, the vast majority haven't been here that long and most (I'd go as far as to say 99%, yes that much!) have zero experience of setting up and running a business here. Once you weed out all the diplomats, NGO's, employees (of various institutions/companies) there are very few expat businessmen here with that experience.

can you suggest a lawyer,for me setup a trading business...Thanks

There is 100% foreign ownership available, or you can have a joint venture with a local, in which case you need to have at least 35% ownership.

Rules are difficult though, I haven't figured all of them out yet.

I got some info on it as I was planning to set up a trading company but one needs to invest US$500,000 and US$ 300,000. 50% to be paid in advance and the balance in a years time.

The first bit being for industrial investment and the later for service industry.

You can open a 100% foreign owned company, and the minimum investment is (I got two different figures): US$ 300,000 or US$ 100,000.

The info I got was USD 500,000 and 300,000. The first being for industrial sector and the later for service industry.I did check for opening up a trading company but it seems that they do not permit yet.

I have some knowledge of this subject.

Foreigners are absolutely prohibited to own any property, be it land or condo, in Burma.

The loophole of setting up a Company, and buying the poperty in that Company's name, is very problematic and could lead to more problems than it sets out to solve.

Foreigners that HAVE purchased property in Burma (and there are a few) use a Burmese law called 'General Power' which at least gives them control over the property in their lifetime, but possibly not after that. Most simply buy in their wife's name and hope for the best!

As a poster above has stated, there has been a real estate boom in Burma, particularly in Rangoon and Mandalay, the former fuelled by a more prosperous middle class (generally with some Government connections), the latter with Chinese money.

Real estate prices are very cheap even by Thai standards. A reasonable 'walk-up' apartment can be bought downtown for as little as $12,000, whilst even a new development comparable with those in Thailand will be around $80,000 for a 1600sqft condo with quite some luxury and in a prime area.

Apart from those with Burmese wives/girlfriends who need to buy for practical purposes, the real estate market is in many ways a gamble on a future democracry. If and it is a big IF there were to be some future political change whether in 5 or 20 years, the market will explode.

If you are serious about such a purchase I would suggest you get yourself a REPUTABLE local lawyer, failing which possibly I can find one for you.

Hi! any idea on how to set up a trading company in Yangon and what is the cost? (for Thai Nationals)

Well said....

I don't understand why anyone has to have objection on this too!! Isn't it safe for all??

I don't see what the hassle here is all about.

In my home country it is REQUIREMENT to declare the arrival of foreigner within 48 hours.

A few years ago, when I took my wife to visit my home country, I failed to report her to the local authorities as she had a Visa and I taught that having a Visa and an Entry stamp would be sufficient (we stayed at my brothers house).

Two days later, we had a "visit" from the local Police and they said that they had the right to deport my wife immediatly and jail my brother for not declaring that he had an undeclared foreigner in his home!!!!!

Go figure!!!!!!!!!!!!

And that was not an "third world country".

If the Immigration crackdown is meant to make Thailand safer and follow the International standards, then they should go for it.