Tax and Accounting Consulting
For small and medium-sized enterprises (SMEs) doing business in Myanmar, it is very
important to have accurate accounting procedures and pay taxes properly.
From 2019, Myanmar's tax office will have a new department that will audit only foreign
companies, and they will be held to strict standards.
As a result, it has become necessary to perform accounting procedures more strictly.
However, the amount of consulting fees paid to accounting firms is not insignificant for small
and medium-sized companies.
At abcom, we provide accounting services at "reasonable fees" compared to many Japanese
accounting firms.
Our three tax accountants will provide you with not only accounting services but also advice
on your future business plans.
Legal Consulting
Running a business overseas means that you will always be exposed to legal risks.
"I didn't know about Myanmar law..." is not good enough.
Even if you take a single contract, are the contents legal under Myanmar law?
There are many legal risks that exist around us on a daily basis, such as being sued for unfair
dismissal by an employee who was fired due to the Corona disaster.
We have two lawyers, one who is strong in corporate matters and the other who is strong in corporate disputes and criminal cases.
We hope to support entrepreneurs as a law firm that can be used on a daily basis.
Business related to sending human resources overseas
With regard to foreign technical intern training and specified technical workers , we cooperate with the sending organization, Shwe Kant Kaw Linn Co.,Ltd.
Our Japanese staff play a central role in building a solid support system.
The group has a Japanese language school and a nursing care school. At the nursing care school in particular, Japanese nurses with extensive experience in end-of-life care are in charge of practical training.
We are therefore very confident in our ability to improve skills and practicality in the field.
Furthermore, we have established a cooperative relationship with an external partner Japanese language school, and through our unique educational program, we nurture students with not only Japanese language skills but also a high level of understanding of Japan.
In this way, we help technical intern trainees and specified skilled workers adapt to Japanese culture and society and communicate smoothly.
We also support most industries and provide assistance for Shwe Kant Kaw Linn Co., Ltd. to dispatch technical interns and specific skilled workers in a variety of fields.
Through the oversea employment agency, we can provide appropriate human resources in high-demand areas such as nursing care, food service, construction, food and beverage manufacturing, and manufacturing.
Our goal is to help technical intern trainees and specified skilled workers hone their skills through work experience in Japan so that they can contribute to local development upon their return.
Our company's mission is to act as a bridge between Japan and Myanmar and to promote the exchange of human resources that is beneficial to both sides.
Nursing care and Japanese language education business
In Myanmar, there are many very talented Myanmarese who are eager to work in Japan under
the Technical Internship System or with a work visa.
In order to respond to such enthusiasm, we have opened ADVAN Japanese training school in
Yangon. We provide not only Japanese language education, but also knowledge of Japanese
culture and customs that are necessary for working in Japan.
The passion that comes from the young people who dream of working in Japan in the near
future is something that you cannot feel from Japanese youth.
If you would like to visit the school, please contact us.
Immigration Services in Myanmar
We provide the following services on behalf of our clients to obtain the following status of residence in Myanmar for business purposes.
- Renewal of Business Multiple Visa
- Upgrade of single business visa to multiple visa
- Obtaining FRC (FormA)
- Obtaining Form C
- Visa renewal for overstay
In particular, we believe that visa renewal in Myanmar will become the mainstream in the
future. However, the procedure is very complicated and time-consuming.
We have thousands of cases under our belt, which enables us to carry out our work smoothly.
Business Consulting
Business entry into ASEAN countries is becoming more and more popular, but it is not always
easy to enter the market alone. First of all, it is necessary to start with a local survey, then to
explore the feasibility of the business through marketing research, etc., and to find out the
possibility of continuing the business. After that, the foreign company must obtain approval
from the MIC (Foreign Investment Committee) before it can actually enter the market. Also,
depending on the nature of the business, it may be difficult to obtain a license for some types
of business, and I believe that this is another barrier to entry.
After successfully entering the market, there are many things that need to be done, such as
how to establish a system for taxation, legal affairs, and labor affairs.
It is necessary to make a detailed plan in order to clear up such problems in overseas expansion.
We play the role of a compass as a business partner to help companies that are enthusiastic
about entering the business world.
Consulting Experience
Recycling business
Construction business
Financial business
Distribution business
Offshore Development Business
Server-related business
Agriculture Business
Brewing Business
Beverage Business
Real Estate Business
Mobile Phone Shops
Restaurants
Trade related business
Commodity Investment Business
Local Marketing Agency
F/S (Feasibility Study) is necessary to find success in business in Asian countries. The F/S
(Feasibility Study) is a data document to determine whether the business can be sustained,
but you need to pay attention to various points such as the method and timing of data
collection.
A single flaw in the data collection process can lead to a setback in your business
plan.
At abcom, we are able to conduct local market research tailored to each industry based on our
experience in supporting a wide range of companies.
Attendance at inspection tours
When you are considering creating a sales channel or opening a branch office overseas, the
first thing you need to do is to make a site visit. During the site visit, it is necessary to clarify
who will visit the site, with what purpose, and by when, and then carry out the visit in
accordance with the plan made in Japan.
At abcom, we are able to provide support from the planning stage, which is the preliminary
preparation, and many companies have expressed their satisfaction with our services.
Local Human Resources Consulting
After establishing a local subsidiary, you will need personnel to actually work there. Although
it is possible to temporarily dispatch personnel from Japan to a local office, doing so on a
permanent basis will lead to a reduction in profits. However, since local personnel have
different cultures and customs from those in Japan, problems often occur.
We at abcom are deeply aware of this situation and provide consulting services for finding
human resources who are capable of dealing with Japanese style business.
Trade Business
We have established not only a Japanese subsidiary but also a local subsidiary (Myanmar), and
are mainly engaged in trade business between Japan⇄Myanmar.
Since the local subsidiary has obtained import/export licenses, we are able to provide onestop services as an agent for customers who want to transport goods from Japan to Myanmar
or from Myanmar to Japan.
In particular, there are many special rules for customs clearance on the Myanmar side, which
are common in emerging countries. The strength of our company is that we have a very close
relationship with the customs authorities, so we are familiar with the situation in this area.
Therefore, we can provide faster, safer, and more reliable international cargo transportation.
Real Estate Investment Business
Myanmar's real estate market is full of potential. With the development of Myanmar's
economy, development is proceeding at a furious pace. The number of foreign companies
entering the business is also very high, and the number of expatriates is increasing year by
year.
The most attractive feature of Myanmar real estate is its yield. On average, investment in
rental properties can be expected to yield more than 20%.
As mentioned above, the number of foreigners living in Myanmar is increasing rapidly, but
the living environment is not yet ready for foreigners to live in peace. We believe that the
demand for apartments for foreigners will always remain high for some time to come.
At Abcom, we are committed to providing a safe and comfortable living environment for
foreigners living in Myanmar by purchasing quality properties and managing existing
properties.
If you are interested in Myanmar real estate, please feel free to contact us.
Real Estate Investment Business Overview
We buy or rent apartments in Yangon, renovate them, and lease them mainly to foreigners
living in the city. Our licensed real estate agent provides Japanese quality services.
Number of properties under management: 66 (as of Mar/2018)
The occupancy rate is always over 95%.
We are always looking for investors to invest in Myanmar real estate. Please feel free to contact
us.