Indian citizens and OCI cardholders in Myanmar can buy and sell residential and commercial property in India, other than agricultural land and farmhouses, without RBI permission. Myanmar citizens without OCI generally cannot buy, but can inherit and lease. On a sale, the buyer deducts TDS at non-resident rates, and proceeds can be repatriated within limits, subject to banking restrictions affecting Myanmar.
- Document route
- Myanmar notary, Ministry of Foreign Affairs attestation, then Indian mission attestation
- Time difference
- IST is 1 hour behind Myanmar all year
- Rules
- FEMA (Non-Debt Instruments) Rules 2019
- Not allowed to buy
- Agricultural land, plantation, farmhouse
Buying & Selling Property from Myanmar: how it works
For a sale, we verify your title, draft the agreement and sale deed, apply for a lower TDS certificate where the gain is small, and complete the registration through your attorney holder. For a purchase, we search the title for at least 30 years and check approvals and encumbrances.
Because banking with Myanmar is restricted, we plan in advance whether the proceeds will stay in an NRO account, be moved to an NRE account, or be remitted to a third country.
What clients in Myanmar should know
- Plan where the sale money will go before signing.
- Keep purchase records for capital gains tax.
- Agricultural land can be inherited but not bought by non-residents.
Step by step from Myanmar
Video consultation
A call at a time that suits Myanmar, after we have read your documents.
Documents signed in Myanmar
Myanmar notary, Ministry of Foreign Affairs attestation, then Indian mission attestation
Work in India
Our team files, appears and follows up in India, and shares scans of everything filed.
Result and handover
Certified copies and originals are couriered to you in Myanmar where needed.
The full guide
This page covers what changes when you are in Myanmar. For the law, the documents and the step-by-step procedure, read our main page on Buying & Selling Property, or see all services for clients in Myanmar and the NRI Property Law practice area.
Questions from clients in Myanmar
Can I sell my inherited flat while living in Yangon?
Yes, as an Indian citizen or OCI cardholder, through an attorney holder.
How much TDS will be deducted?
Tax on the gain at non-resident rates, unless a lower deduction certificate is obtained.
Can I receive the money in Myanmar?
Banking restrictions may make this difficult; many clients keep funds in India or a third country.