Myanmar has been ranked as one of the top 20 improvers in Doing Business 2020 by the World Bank, based on the number of reforms and the degree by which the country’s ease of doing business score has improved, state media reported.
Myanmar implemented five initiatives that enhanced its business environment. The city of Yangon imposed stronger construction quality controls by introducing stricter qualification requirements for architects and engineers, and invested in its water and sanitation infrastructure.
Additionally, Myanmar launched an online company registry platform, merging several procedures and reducing the need for in-person interaction. The country also made property registration faster by streamlining deed registration and appraisal.