GetStake Logo
GetStake allows you to invest in fractional real estate in Dubai's premium properties, with investments starting from just $500.

Invest in Dubai, pocket the gains.

Affiliate disclosure

Yangon, Myanmar 🇲🇲
#318 ,

Nomad Score: 54%

Essentials

🏙️ City Yangon is the largest city in Myanmar, formerly known as Rangoon, and serves as the economic and cultural hub of the country.
👥 Population Approx. 7 million
💻 Internet Speed Average speed is around 15 Mbps, with some areas offering up to 30 Mbps.
💸 Currency & Banking 1 USD ≈ 2,100 MMK; major banks include KBZ Bank, AYA Bank, and ECPay for easy transactions.
🚰 Tap Water Not drinkable; bottled water is recommended.
🔌 Power 230V, 50Hz, 🔌 Type A/C sockets commonly used.
📶 SIM Card Providers include Ooredoo and Telenor, with packages starting at around 5,000 MMK for 5GB.
💳 Banking for Expats International cards accepted at major banks and some ATMs; cash is often preferred.
🛌 Accommodation Available options include Airbnbs, serviced apartments, and local guesthouses.
💳 Cashless Friendly Moderately cashless; some vendors and restaurants accept mobile payments like Wave Money.
🏠 Short Term Rentals Airbnb and local apartment rentals are popular for short stays.
🛏️ Budget Accommodation Hostels like The Backpacker Hostel and budget hotels like Hotel G offer affordable rates starting from 10,000 MMK per night.
🏙️ Best Area to Stay for Tourists Downtown near Shwedagon Pagoda.
🏙️ Best Area to Stay for Digital Nomads Bahan and Downtown areas offer coworking spaces and cafes suitable for long-term stays.

Working and Networking

🏢 Best Coworking Space The Hub: Offers a range of facilities for digital nomads and holds networking events.
Best Cafe for Work Library Cafe: Known for its peaceful atmosphere and good Wi-Fi.
💼 Networking Events Monthly meetups organized by various expat groups on Facebook.
🥂 Social Events for Expats Facebook groups like 'Expats in Yangon' regularly post events and gatherings.

Transportation

🚕 Best Taxi/Ride App Grab is the most popular ride-hailing app in Yangon.
🚲 Bike/Scooter Rental Scooters can be rented from places like City Scooters at affordable rates.
🏖️ Best Beach Nearby Ngwe Saung Beach is approximately 5 hours away by car.
✈️ Top Regional Airline Yangon Airways provides domestic flights.
✈️ Top International Airline Myanmar National Airlines and international carriers like Singapore Airlines.
🛣️ Highway Access Accessible via the Yangon–Mandalay Expressway.
🚉 Main Train/Transit Hub Yangon Central Railway Station.
🚍 Public Transport Passes No formal transit passes; public buses are widely used.
✈️ Regional Travel Trains and buses available for travel to nearby cities like Mandalay and Bagan.

Health and Wellness

🏥 Best Hospital Yangon General Hospital, the most prominent healthcare facility in the city.
🧘 Yoga & Wellness Centers The Yoga Space offers classes for all levels.
🏋️ Gyms & Fitness Centers Fitness First Yangon provides good facilities for expats.
🧺 Laundry Services Laundry on Demand offers pickup and delivery service.

Food and Drink

📱 Best Food Delivery App Foodpanda and GrabFood are popular choices.
🍽️ Best Local Dish to Try Mohinga, a traditional fish soup with noodles.
🍱 Vegan/Vegetarian Options The vegetarian restaurant Green Tea is renowned for its options.
🍫 Best Dessert Spots Shwe Paung, famous for its traditional Burmese desserts.
🛒 Affordable Shopping Spots Bogyoke Aung San Market offers budget-friendly local food options.
🛒 E-commerce/Online Store Shop.com.mm provides online shopping within Myanmar.
🛒 Grocery Delivery Red Dot offers grocery delivery services.
🍸 Bar/Nightlife Area The downtown area is vibrant with bars like The Penthouse.
🍻 Local Brewery Myanmar Brewery produces local favorites like Myanmar Beer.
🍷 Wine Bars The Wine Bar in downtown Yangon offers a great selection.
🍲 Street Food Stalls Burmese street food stalls are abundant, with great offerings near Shwedagon Pagoda.
🍕 Popular International Cuisine Rangoon Tea House offers a mix of local and international dishes.

Culture and Attractions

🎟️ Must-See Landmarks Shwedagon Pagoda is the most iconic site to visit.
🏛️ Museums & Art Venues The National Museum of Myanmar showcases the country's rich history.
🏰 Historical Sites Kandawgyi Lake Park has historical significance and beautiful scenery.
🕍 Religious Sites Sule Pagoda is a notable landmark in the city center.
🎉 Annual Events Thingyan Water Festival is celebrated in April, marking the Burmese New Year.
🎨 Cultural Districts Inya Lake area features cultural landmarks and art galleries.
🎭 Theater Venues The National Theatre hosts traditional performances.
🛍️ Local Markets Shan Market offers unique local products and crafts.
🎼 Music Scene Yangon has a growing live music scene with venues like The Jam Bar.
🎨 Street Art Street art can be found around the downtown area, showcasing local talent.
🧑‍🍳 Cooking Classes The Mandalay Cooking School offers classes in traditional Burmese dishes.
👩‍🎨 Art Galleries Pansodan Gallery features contemporary Burmese art.
🕰️ Historic Buildings The Secretariat is a beautifully preserved colonial structure.
🏴 Local Heritage Burmese culture is rich, with influences from Buddhism and colonial history.

Nature and Outdoor Activities

🌅 Nearby Nature Escapes Hlawga National Park is approximately 30 km from Yangon.
🏞️ National Parks Nearby Pyu Ancient Cities, a UNESCO World Heritage site, are accessible.
🚲 Cycling/Walking Paths The promenade along Inya Lake is popular for walking and jogging.
🌄 Scenic Viewpoints Sunset views at Shwedagon Pagoda are breathtaking.
🦉 Birdwatching Locations The wetlands near Hlawga National Park are excellent for birdwatching.
🔥 Bonfire-Friendly Spots Bahan Park allows picnics and gatherings.

Other Services and Amenities

📦 Parcel Delivery Service DHL offers international shipping services.
🛠️ Tech Repair Services Yangon Electronics specializes in device repairs.
🏓 Table Tennis Spots Local community centers often have table tennis facilities.
🧑‍🏫 Language Classes The Yangon Language School offers Burmese language courses.
📚 Libraries & Study Spots Yangon University Library has study spaces available.
🏘️ Community Centers The Myanmar Red Cross offers community programs and activities.
🕹️ Gaming Lounges Mandalay Gaming Center is popular for video gamers.
🎰 Casino & Gaming Halls Myanmar does not have many casinos; however, some resorts may offer gaming options.

Business

🏢 Studio Purchase Price (City Center) Approx. $2,500 per m² (e.g., 40 m² = $100,000)
🏢 Studio Purchase Price (Outside City) Approx. $1,800 per m² (e.g., 40 m² = $72,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. $2,200 per m² (e.g., 60 m² = $132,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. $1,600 per m² (e.g., 60 m² = $96,000)
🏡 2-Bedroom Purchase Price (City Center) Approx. $2,000 per m² (e.g., 80 m² = $160,000)
🏡 2-Bedroom Purchase Price (Outside City) Approx. $1,500 per m² (e.g., 80 m² = $120,000)
💼 Corporate Tax Approx. 25%
💵 Dividend Withholding Tax 15%
🏦 Tax System Progressive tax rates ranging from 0% to 25%.
📈 Highest Income Tax Bracket 25%
🧾 VAT 5% on goods and services.
🌐 Controlled Foreign Company (CFC) Rules No specific CFC rules in place.
🏠 Property Tax Yes, based on property value with local municipal rates applicable.
🏠 Property Transaction Tax Varies, typically around 4%.
💻 Attractive Tax System for Digital Nomads Relaxed policies for foreign investments and minimal regulation for expatriates.

Feedback Thank You!

Thank you!

Your feedback has been submitted successfully.