The Republic of the Union of Myanmar (also known as Burma) is a Southeast Asia multi-ethnic nation. The country has 676,578 square kilometers in size and is the second largest country in Southeast Asia with a fast-growing economy - 6.6% GDP growth in 2018. The country’s GDP in 2017 was US$75.7 billion and GDP PPP was US$342.2 billion. It is bordered by India and Bangladesh to its west, Thailand and Loas to its east and China to its north and northeast. It has a population of over 53 million people with about 55% of the total population under the age of 30.
According to DICA (Directorate of Investment and Company Administration), the actual FDI inflow in the country last year accounted US$4002.43 million. On 1st August 2018, Myanmar Companies Law, which replaced the 1914 Companies Act, came into effect allowing foreigners to own up to a 35% stake in local companies. Myanmar Companies Online (MyCO), an electronic registry system, was also introduced to ease the business registration process.