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Cagayan de Oro, Philippines πŸ‡΅πŸ‡­

#588 ,
Nomad Score: 65%

Essentials

πŸ™οΈ City Cagayan de Oro is a city in the Northern Mindanao region of the Philippines, notable for its friendly locals and vibrant community.
πŸ‘₯ Population Approximately 600,000 people.
πŸ’» Internet Speed Average download speeds of 25 Mbps; higher in coworking spaces and cafes.
πŸ’Έ Currency & Banking Philippine Peso (PHP), approx. 1 USD = 55 PHP. Multiple banking options available including BDO, BPI, and Metrobank.
🚰 Tap Water Generally not drinkable; bottled water is recommended.
πŸ”Œ Power 220V, 60Hz, Type A, B, and C sockets.
πŸ“Ά SIM Card Major providers include Smart, Globe, and Sun. SIM cards can be easily purchased upon arrival.
πŸ’³ Banking for Expats Accepted payment types include cash, local bank cards, and international cards widely accepted.
πŸ›Œ Accommodation Options range from hotels, Airbnb, to local guesthouses.
πŸ’³ Cashless Friendly Yes, cashless payments are becoming popular in urban areas.
🏠 Short Term Rentals Platforms like Airbnb and local listings are available.
πŸ›οΈ Budget Accommodation Affordable hostels include the Cagayan de Oro Backpackers Inn.
πŸ™οΈ Best Area to Stay for Tourists Divisoria area known for its shopping, dining, and proximity to attractions.
πŸ™οΈ Best Area to Stay for Digital Nomads The city center offers coworking spaces and cafes conducive to work.

Working and Networking

🏒 Best Coworking Space The Hive CDO offers flexible workspaces, high-speed internet, and networking events.
β˜• Best Cafe for Work Cafe Taverna is known for its cozy environment and reliable Wi-Fi.
πŸ’Ό Networking Events Regular meetups at The Hive and monthly digital nomad gatherings.
πŸ₯‚ Social Events for Expats Cagayan de Oro Expats Facebook Group hosts events and networking opportunities.

Transportation

πŸš• Best Taxi/Ride App Grab is the most commonly used ride-hailing app.
🚲 Bike/Scooter Rental Limited rental options, primarily available through local online listings.
πŸ–οΈ Best Beach Nearby White Island Beach, approximately 30 minutes away by boat.
✈️ Top Regional Airline Philippine Airlines operates flights from Laguindingan Airport.
✈️ Top International Airline Cebu Pacific and Philippine Airlines offer international flights.
πŸ›£οΈ Highway Access Access to the Sayre Highway connects to major cities in Mindanao.
πŸš‰ Main Train/Transit Hub Cagayan de Oro Terminal for bus and jeepney transportation.
🚍 Public Transport Passes Limited public transport passes; mainly pay per ride.
✈️ Regional Travel Buses and vans avail from Cagayan de Oro to nearby cities like Bukidnon, Iligan, and Davao.

Health and Wellness

πŸ₯ Best Hospital Maria Reyna-Xavier University Medical Center is one of the top hospitals in the city.
🧘 Yoga & Wellness Centers Karma Yoga Studio offers classes for all levels.
πŸ‹οΈ Gyms & Fitness Centers Fitness First and Anytime Fitness are popular gyms in the area.
🧺 Laundry Services Self-service laundries like Laundry Hub offer affordable cleaning options.

Food and Drink

πŸ“± Best Food Delivery App Foodpanda and GrabFood are widely used for delivery services.
🍽️ Best Local Dish to Try Henuguang Baboy, a local pork dish, is highly recommended.
🍱 Vegan/Vegetarian Options El Salvador’s Vegan Cafe offers varied plant-based meals.
🍫 Best Dessert Spots Damaso Cafe is known for its delicious cakes and pastries.
πŸ›’ Affordable Shopping Spots The Ayala Centrio Mall has an array of choices including the local market for fresh produces.
πŸ›’ E-commerce/Online Store Lazada and Shopee are popular online shopping platforms.
πŸ›’ Grocery Delivery Grocery delivery through GrabMart is an option.
🍸 Bar/Nightlife Area The Strip on Corrales Avenue is home to various bars and live music venues.
🍻 Local Brewery Cagayan de Oro Brewery produces local craft beers.
🍷 Wine Bars Niu Restaurant has a selection of wines and a great ambiance.
🍲 Street Food Stalls Street food in Divisoria is a must-try, especially the local barbecue.
πŸ• Popular International Cuisine Dishes from Chinese, Korean, and American cuisines are widely available.

Culture and Attractions

🎟️ Must-See Landmarks St. Augustine Cathedral and Gaston Park.
πŸ›οΈ Museums & Art Venues Cagayan de Oro Museum showcases local history.
🏰 Historical Sites The old convent and the City Hall are important historical landmarks.
πŸ• Religious Sites The Divine Mercy Shrine in El Salvador City, nearby.
πŸŽ‰ Annual Events Higalaay Festival, celebrated every August, showcases local culture.
🎨 Cultural Districts The city center has a vibrant street art scene.
🎭 Theater Venues Limketkai Atrium often hosts performances and events.
πŸ›οΈ Local Markets Cagayan de Oro Market is bustling with local goods and produce.
🎼 Music Scene Live music events are common in downtown bars and clubs.
🎨 Street Art Various murals can be found around the city, reflecting local culture.
πŸ§‘β€πŸ³ Cooking Classes Local classes are available through cultural centers.
πŸ‘©β€πŸŽ¨ Art Galleries Gallery de Oro features works from local artists.
πŸ•°οΈ Historic Buildings The City Hall is a notable historic building with a classic design.
🏴 Local Heritage The heritage of local indigenous groups is celebrated in various festivals.

Nature and Outdoor Activities

πŸŒ… Nearby Nature Escapes Explore the beautiful whitewater rafting on the Cagayan de Oro River.
🏞️ National Parks Nearby Mount Iglit - Baco National Park is accessible for day trips.
🚲 Cycling/Walking Paths The West and East Divisoria bridges provide scenic walks.
πŸŒ„ Scenic Viewpoints Mapawa Nature Park offers stunning views and outdoor activities.
πŸ¦‰ Birdwatching Locations Laguna de Taal is a great spot for birdwatching enthusiasts.
πŸ”₯ Bonfire-Friendly Spots Various parks allow bonfires with prior permission.

Other Services and Amenities

πŸ“¦ Parcel Delivery Service LBC and JRS Express offer reliable delivery services.
πŸ› οΈ Tech Repair Services Local shops offer repairs for electronics and devices.
πŸ“ Table Tennis Spots Some community centers provide tables for play.
πŸ§‘β€πŸ« Language Classes Classes in Filipino and English offered at local community colleges.
πŸ“š Libraries & Study Spots The Cagayan de Oro Public Library is a quiet space for study.
🏘️ Community Centers Centrio and other malls often host community events.
πŸ•ΉοΈ Gaming Lounges A number of internet cafes have gaming facilities.
🎰 Casino & Gaming Halls The Casino Filipino in Cagayan de Oro offers gaming options.

Business

🏒 Studio Purchase Price (City Center) Approx. PHP 60,000 per m² (e.g., 30 m² = PHP 1,800,000).
🏒 Studio Purchase Price (Outside City) Approx. PHP 40,000 per m² (e.g., 30 m² = PHP 1,200,000).
🏠 1-Bedroom Purchase Price (City Center) Approx. PHP 50,000 per m² (e.g., 60 m² = PHP 3,000,000).
🏠 1-Bedroom Purchase Price (Outside City) Approx. PHP 35,000 per m² (e.g., 60 m² = PHP 2,100,000).
🏑 2-Bedroom Purchase Price (City Center) Approx. PHP 45,000 per m² (e.g., 80 m² = PHP 3,600,000).
🏑 2-Bedroom Purchase Price (Outside City) Approx. PHP 30,000 per m² (e.g., 80 m² = PHP 2,400,000).
πŸ’Ό Corporate Tax 30% corporate tax rate.
πŸ’΅ Dividend Withholding Tax Typically 15% withholding on dividends.
🏦 Tax System Resident-based taxation; foreign income may not be taxed if earned abroad.
πŸ“ˆ Highest Income Tax Bracket 35% for higher income earners.
🧾 VAT 12% Value Added Tax standard rate.
🌐 Controlled Foreign Company (CFC) Rules Yes, strict rules apply.
🏠 Property Tax Annual property tax is based on assessed value.
🏠 Property Transaction Tax 6% for property purchases.
πŸ’» Attractive Tax System for Digital Nomads Foreign earners may not be taxed on income generated outside the Philippines.

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