Banking restrictions for overseas businesses in Myanmar
in Myanmar (Burma)Trade barrier summary
Overseas businesses cannot open fully operational clearing bank accounts at local or international banks. This can cause logistical challenges and incur additional charges for a business. Overseas businesses can only transfer funds in or out of the country, with most UK businesses using Singapore as their transactional hub.
Sectors affected
- Financial and professional services
Resolved
No
Date reported
5 April 2019
Last updated
18 December 2020
Public ID
PID-9NOR5B
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