HQS Co., Ltd., a wholly owned Myanmar company, incorporated on 7th of March 2013 and the management office is located at No. 586, Dhama Yon Street, 6 Mile, Hlaing Township, Yangon, Myanmar and registered office is located at No. 19 (C), Dhama Yon Street, 6 Mile, Hlaing Township, Yangon, Myanmar. The company was initially formed with an aim of doing business in the service industry. However, as the government had reduced the restrictions on regulation of company formation at the beginning of 2013, HQS Company Limited took this opportunity to be registered as not only a service company but also a multi-purposed company, including trading and manufacturing.
Since the company has been established, we are actively seeking the business opportunities with the concentration in the service industry as planned initially.
Since the country has been opening and welcoming foreign investments, we believe that one important sector to promote a country’s development is Telecommunications and Information Technology sector. We cannot deny that today’s businesses require a good telecommunication link to be able to work in real-time around the world. In fact, Myanmar is in urgent need of infrastructure development in this sector to be able to enhance and embrace with the country’s other rapidly moving developments.
At the same time, with the much improvement and efforts by the government, most of the western sanctions have been lifted. We can see that the pace of change in the country has been dramatically so fast and there are more and more foreign investments entering into the country. With this momentum, the stable political situation and the hopeful democratic election in 2015, we believe that providing relocation and mobility service for foreign companies shall become a potential and pioneer business in Myanmar. Therefore, we do also prepare for this business since we had already had the enough background and understood all the business procedures as well as the services to be provided for the clients. Having partnership with a foreign mobility and relocation company is a key to grow in the wake of foreign business expansion in Myanmar.