Hire your remote team in Myanmar

Name: Hire a remote team in Myanmar
Brand: Rivermate
SKU: myanmar
Price: 399 EUR
Availability: InStock
Rating: 4.4 (5 reviews)

Only 399 EUR per employee per month

We currently do not offer any services in this country.
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Hiring a remote team in a country as Myanmar comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in Myanmar. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

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1. Hire a remote team in Myanmar with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Myanmar, particularly if you don't have established local relationships. You can hire employees in Myanmar effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

Table of contents

Hire a remote team with Rivermate
Introduction
Hiring a remote team in your country
Cost of living
Cost of renting
Major industries
Hiring cost
Employment laws
Top skills
Economic landscape
Market size
Minimum wage
Why choose Rivermate?

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Myanmar.

As an employer of record, we help you hire employees and run payroll services in Myanmar, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Myanmar.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in Myanmar or individually hire remote employees in Myanmar, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermate’s Employer of Record Myanmar services can best help your company!

3. Hire a remote team in Myanmar

Hiring remote employees in Myanmar is a decision that requires a lot of analysis and scrutiny. Recruiting the right employees is another important task. To prevent penalties and delays, employers must learn how to recruit personnel and understand the country's employment compliance rules.

4. Cost of living in Myanmar

Myanmar's cost of living is $822, which is 1.13 times less expensive than the global average. Myanmar was ranked 97th out of 197 countries in terms of cost of living and 119th in terms of quality of life.

In Myanmar, the average after-tax salary is $591, which is enough to cover living expenses for 0.7 months.

Why is it so expensive to live in Myanmar? Because we have a reference point of a developed country lifestyle, and maintaining such a standard of living in some least developed countries is difficult and expensive. As a result, living costs in Myanmar differ significantly between locals and expats.

5. Cost of renting in Myanmar

When compared to the rest of the world, South Asian countries are becoming quite expensive. The same concept applies to Myanmar, where a poor economy makes life difficult for the people. When compared to Sydney or Paris, the cost of living in Yangon is higher.

The cost of rent in Myanmar is USD 19.46 in the city per day, and USD 11.03 in the outskirts per day.

6. Major industries in Myanmar

According to the International Monetary Fund, Myanmar's GDP (Gross Domestic Product) is expected to grow at a healthy rate this decade.

One of the most significant advantages for the country is that 55% of the total population is under the age of 30, which will have both positive and negative consequences for the country. With so many people working, the government will be able to boost the economy. At the same time, a large working population will increase competition for good jobs in the country.

The garment industry is one of the fastest growing in the country, thanks to direct foreign investment from neighboring countries. Some of Thailand's largest garment manufacturers have relocated production to Myanmar. Because of simple employment laws, they must pay low wages and provide various benefits.

Burma is also the world's second-largest producer of opium, trailing only Afghanistan. More than 95% of the country's opium production takes place in the Shan state.

MOGE, or Myanmar Oil and Gas Enterprise, is a Myanmar oil and gas mining company that contributes to the country's GDP.

The country is also well-known for its renewable energy, with high-tech solar panels and hydroelectric potential.

The average download speed in Myanmar for mobile and fixed broadband is 22.17 Mbps and 22.80 Mbps, respectively, according to internet speed test statistics. In mobile and fixed broadband, the average upload speed is 11.72 Mbps and 20.37 Mbps, respectively.

7. Hiring cost in Myanmar

Hiring costs in Myanmar vary depending on the industry, as various recruitment agencies provide both skilled and unskilled labor workforce. If you hire workers from the country's rural areas, the hiring cost is also affected by HR recruitment and training costs.

8. Employment laws Myanmar

Section 5 (a) employment and skill development law is one of the common laws in Myanmar. All businesses must enter into written contracts with employees within 30 days of hiring. To protect its rights and the brand, it is recommended that all legal paperwork be completed prior to hiring.

9. Top skills Myanmar

If you are an employer and are interested in hiring in Myanmar, this information on the top skills in Myanmar should be helpful.

Myanmar's economy is slowly reviving, thanks to a high literacy rate and adequate education systems. The majority of the country's businesses are in the construction, renewable energy, tourism, and catering industries. According to recent World Bank reports, SMEs, or small and medium-sized enterprises, account for 80% of job opportunities in Myanmar.

Here are some of the top or hottest industries expected to hit the market hard shortly.

Petroleum Engineering

Myanmar produces 6 million crude oil barrels per year, as well as 700 billion cubic feet of natural gas from offshore drilling. The oil and gas industry employs a large number of people from Myanmar as well as other countries. The sector also generates a significant amount of FDI, or Foreign Direct Investment, which contributes to the country's GDP growth.

Sales and Business Development

Myanmar's economy is now the fastest growing in Southeast Asia. The majority of Myanmar's FMCG companies are expanding their operations in both rural and urban areas. Sales and related jobs such as customer service and communication are becoming an ideal source of income for the majority of Yangon's and neighboring cities' median population.

Construction Engineering

Myanmar's government is working hard to build strong infrastructure that will help the government attract and support multinational corporations. The government also intends to establish special economic zones, which will increase the demand for civil engineers.

Marketing and Designing

With the majority of the country's population being young, social media is becoming an extremely popular sector for young people to find various job opportunities. The majority of advertising needs in the country are met by physical events, but digital marketing is quickly gaining traction.

IT Support and Software Development

IT technicians are the backbone of modern businesses, as most small and medium-sized businesses want to expand globally. IT technicians are expected to find a variety of job opportunities throughout the country.

Education

It is the only field in which the country has excelled in comparison to its neighbors. Myanmar has a high literacy rate of 89.9%, which will help it become a developed country in the future. One of the major issues for the government is that the majority of the country's well-educated youth migrate to foreign countries in search of better jobs and pay scales, leaving unskilled labor behind.

Healthcare

Healthcare in Myanmar is relatively expensive, and it is primarily concentrated in cities. One of the government's major challenges has been the development of rural health care. It assures citizens that rural hospitals will be upgraded with modernized technologies and equipment in the near future.

10. Economic landscape in Myanmar

Myanmar, the region's largest country, is relatively poor in comparison to its neighbors. Despite the government's efforts to promote industrialization and modernization, agriculture and related industries employ the majority of the country's workforce. The government also intends to promote tourism and employment in order to provide various job opportunities for the country's median population. One of the most significant barriers to the nation's economy is a lack of an educated workforce, skilled labor, and modern technologies.

11. Market size in Myanmar

As previously stated, the agricultural industry generates the majority of Myanmar's income; rice accounts for 97% of total food production in Myanmar. According to the International Rice Research Institute, the country produces and exports more than 52 different rice varieties. Sugar, rubber goods, textiles, light industry, metals, oil, and gas are also important exports from the country.

12. Minimum wage in Myanmar

Myanmar's minimum wage is 4,800 MMK per day, an increase from 3,600 MMK per day in 2018. Employers are required by the Payment of Wages Act to pay daily and part-time workers in cash, cheque, or bank transfer according to their fixed-wage period. All permanent workers and other monthly fee earners should be paid on a monthly basis at the conclusion of their pay cycle.

13.Why choose Rivermate to hire your remote team in Myanmar?

Establishing an entity in Myanmar to hire a team takes time, money, and effort. The labor law in Myanmar has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Myanmar simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in Myanmar give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in Myanmar via our Employer of Record (EOR) / PEO solution.