What do I need to know when buying property in Myanmar?
When we asked expats what advice they would give a foreigner before buying a property in Myanmar, they said...
"1. It is important to research the local laws and regulations regarding property ownership in Myanmar before making any purchase. 2. It is advisable to hire a local lawyer to assist with the purchase process and to ensure that all legal requirements are met. 3. It is important to ensure that the property is free from any encumbrances or liens before making a purchase. 4. It is important to obtain a title deed for the property, which will provide evidence of ownership. 5. It is important to be aware of the taxation requirements for property ownership in Myanmar. 6. It is important to be aware of the local customs and traditions when purchasing property in Myanmar," explained one expat living in Myanmar.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What do I need to know when buying property in Myanmar?
If you live in Myanmar, newcomers to Myanmar would love to hear your answer to this question:
