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Working in Myanmar
Find out how to get a job and work in Myanmar
Myanmar's economy is booming; there are foreign investors interested in exploring partnerships, and bureaucracy and facilities from the state are greatly improving. In our article on working in Myanmar, you can read up on the relevant details concerning taxation, work permits and the general economy.
Need to move abroad? Organizing an international relocation is not something you should do on your own. As expats, we understand what you need, and offer the the essential services to help you move and live abroad easily. Contact us today to jump start your move, and begin the preparations with our free relocation checklist.
Employment in Myanmar
Myanmar’s economy is a growing one. Its GDP is still low at 60 billion USD in 2014, which leaves the country’s per capita GDP at around 910 USD, one of the lowest in the region. Nevertheless, the Asian Development Bank estimates a growth of 7.8% for the financial year 2015, thanks to foreign investment, buoyant tourism, new exports, and credit growth.
Agriculture, industries, and tourism are the main sectors of Myanmar’s economy, although farming accounts for the largest portion of the country’s GDP. The major agricultural crop is rice, which covers more than half of the cultivated land in the country. The discovery and exploration of natural gas and petroleum resources, accompanied by financial investment from foreign companies, will likely make this industrial sector grow in the coming years. Tourism has been steadily growing since 2011 and with the predictable improvement of services; it bound to start amounting for a larger portion of the country’s economy soon.
Work Permits for Myanmar
Visitors willing to work in Myanmar are advised to apply for a business visa before entering the country. This will enable foreigners to stay up to 70 days in Myanmar, at your company’s rented apartment, and will ease processes such as opening a bank account.
To apply for a multiple entry business visa, you need to prove that you have been to Myanmar on three separate business visas previously. This will allow you to stay in the country for up to six months and to apply for a long stay permit in the future.
Until recently, foreign workers had to wait up to two days in their embassy to get their working visa. Fortunately, it is now possible to get it prior to landing at Yangon or Mandalay international airports via visa-on-arrival. To find out more about working visas, visit the Myanmar Ministry of Foreign Affairs website.
Taxation in Myanmar
As a resident in Myanmar, you must pay part of your income to the government in the form of taxes. The income tax brackets are as follows:
- MMK 0 + – 1%
- MMK 500,000 + – 2%
- MMK 1,000,000 + – 3%
- MMK 1,500,000 + – 4%
- MMK 2,000,000 + – 5%
- MMK 3,000,000 + – 6%
- MMK 4,000,000 + – 7%
- MMK 6,000,000 + – 9%
- MMK 8,000,000 + – 11%
- MMK 10,000,000 + – 13%
- MMK 15,000,000 + – 15%
- MMK 20,000,000 + – 20%
Do you want to relocate? If you have never moved abroad, the process will be overwhelming, and if you have, you know the burden that lies ahead. Whatever stage you are at, InterNations GO! can help you with a complete set of relocation services, such as home finding, school search, visa solutions, and even pet relocation. Our expert expat team is ready to get your relocation going, so why not jump-start your move abroad and contact us today? Best to start early!
Join Our Exciting Events in Myanmar
Once we've helped you move to Myanmar, we can make you feel at home by introducing you to other expats who have already settled and are part of our Myanmar Community. Attend our monthly events and activities in Myanmar and get to know like-minded expats in real life.
Oct 17, 2020, 7:00 PM