Velocity Global News

PRESS RELEASE: Velocity Global Announces the Opening of Services in Myanmar

By July 7, 2015 August 14th, 2018 No Comments
Velocity Global

DENVER, COLO. (July 7, 2015) – Velocity Global, utilizing its proprietary International PEO (Professional Employer Organization) solution, can now help companies hire in Myanmar, (formally Burma).

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In 2011, the formation of a civilian government resulted in the United States lifting sanctions and significantly paring back black-listed individuals in Myanmar. The United States government is actively encouraging investment in the country.

“During my recent travels to Myanmar, I was quite taken by the growth and optimism in the market,” said Rob Crabtree, Global Account Manager of Velocity Global. “The Golden Land shares a border with a third of the world’s population—India, China, Laos, and Thailand. Considering both geography and the historic changes to the inbound investment environment, business in Myanmar is better than ever,” said Crabtree. “We have opened the ability for companies to hire in the country, and the time is right to consider your own expansion into this emerging market,” said Crabtree.

Within the past year, Myanmar’s business environment has begun to flourish after nearly 50 years of stagnant economic growth. It is becoming an attractive place for foreign investment.

Local nationals are connected into the local business community and the expatriate population in Yangon is at an all-time high – British Colonial rule not withstanding.

About Velocity Global

Founded in 2014, Velocity Global is changing the way companies do business overseas in more than 185 countries. Whether companies are hiring local nationals or sending expatriates into a market, Velocity Global reduces costs and hire time, produces timely and accurate payroll, complies with foreign laws and benefits, and keeps you focused on running your business. To learn more about Velocity Global, visit www.velocityglobal.com.