Anyone been to Myanmar?

I have always liked traveling and investing abroad. These days most countries I know of seem out of the question for investing but Myanmar seems quite good these days. I plan on visiting Myanmar some time soon to check it out.

http://www.reuters.com/video/2012/03...eoId=231755758

Are you talking about the land used to be called Burma? Well with it's military being the boss until recently. I'd wait to see how stable the new leader regime is before stepping foot in. Also, there is no clean water system in there. Well, at least when I was there. You turned on the water, it came out brown. But that's was a few decades before. So, do you know anyone from there you trust to help you to start an investment? It was a very corrupted system back then, I suspect that changed at all?!

Don't know if you're stilla US citizen or not, if so then no, you cannot invest there, it's sanctioned by OFAC and you'll get your investment proceeds frozen and will likely be fined by the Treasury Dept.

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Originally Posted by E36 Phantom

Don't know if you're stilla US citizen or not, if so then no, you cannot invest there, it's sanctioned by OFAC and you'll get your investment proceeds frozen and will likely be fined by the Treasury Dept.

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Isn't the US lifting most sanctions for investment?

http://newsinfo.inquirer.net/141215/...ctions-lifting

http://www.bbc.co.uk/news/world-asia-17619519

I think most sanctions will be lifted soon.

http://www.post-gazette.com/stories/...ctions-633755/

Once investment sanctions are fully lifted there could definitely be potential there. Keep a close eye on the news and OFACs website. But no, right now it has not been lifted for investments.

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Originally Posted by stylinexpat

I have always liked traveling and investing abroad. These days most countries I know of seem out of the question for investing but Myanmar seems quite good these days. I plan on visiting Myanmar some time soon to check it out.

http://www.reuters.com/video/2012/03...eoId=231755758

Its an evil military dictatorship run by a fascist regime.... Quick visit while you still can!

Originally Posted by E36 Phantom

Once investment sanctions are fully lifted there could definitely be potential there. Keep a close eye on the news and OFACs website. But no, right now it has not been lifted for investments.

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Americans are too poor to invest elsewhere in the world anyway, does the existence of sanction matters?

Did you watch the video? Look at the stack of cash!!!

Sty, how much USD in cash are you going to take with you?

Originally Posted by dtkw

Are you talking about the land used to be called Burma?

Funny, I always read BBC and the Brits are among the group who said "changing the name of your country doesn't erase what happened there so we are still going to call you "Burma".

http://www.bbc.co.uk/news/world-asia-pacific-12990563

Originally Posted by Griffoun

Americans are too poor to invest elsewhere in the world anyway, does the existence of sanction matters?

Did you watch the video? Look at the stack of cash!!!

Sty, how much USD in cash are you going to take with you?

I'm always looking for an opportunity and it could be in any country. In before the pop and out when things look like they are topping out. I was wrong though on China when I thought it was topping out about 3-4 years ago Could have had a good double at minimum from those prices back then.

Singapore is investing heavily into Myanmar and so are the Chinese. To me this is a very good sign. Where the Chinese are and where they are buying is the place to be. Most Americans can't make their own minimum payments on their own homes let alone travel to another country (those with passports) and invest there.

I was born there, and mostly stay in Singapore nowadays. But I travel there back and forth for business monthly. I see many tourists recently since the bi-election and reforms.

Make sure to visit Bagan (a heritage site of old pagodas), and Innlay lake (an ex-volcanic lake above sea level). Those are off the beaten track from ex-capital Yangon, but worth the effort if you love experiencing new things. I have personally been around the world to all continents (except Antarctica lol), but many places in Myanmar still have that old world charm money can't buy.

Originally Posted by Demiblade

I was born there, and mostly stay in Singapore nowadays. But I travel there back and forth for business monthly. I see many tourists recently since the bi-election and reforms.

Make sure to visit Bagan (a heritage site of old pagodas), and Innlay lake (an ex-volcanic lake above sea level). Those are off the beaten track from ex-capital Yangon, but worth the effort if you love experiencing new things. I have personally been around the world to all continents (except Antarctica lol), but many places in Myanmar still have that old world charm money can't buy.

Thanks

I was born there also and now in US. With all the things happening there recently, I have been there 5 times this past year. The country is still in infancy in term of economy. If you are a foreigner you can not own land or buy a condo. But if you are serious about investing and dont mind a very high risk (x0 but may also be high reward x4 x5 times) then partner up with a local guy and buy a place. PM me if you want more info.