Information

This barrier is unrelated to the end of the transition period, following the United Kingdom's departure from the EU.

Public ID: PID-9NOR5B

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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