Myanma Foreign Trade Bank
REQUIREMENTS FOR BANKING SERVICES
- (1) FOLLOWING TYPE OF FOREIGN CURRENCY ACCOUNTS CAN BE OPENED.
- (1) United States Dollar
- (2) Euro
- (3) Singapore Dollar
- (2) REQUIREMENTS
(a) NATIONAL
- -Application Letter
- - National Registration Card
- - Evidence of Foreign Exchange Earning
- - Introducers
- - Initial Deposit( Minimum 100 units of currency )
- - (2) Photos
(b) FOREIGNER
- - Application Letter
- - Passport , Visa copy
- - Introducers
- - Initial Deposit( Minimum 100 units of currency )
- - (2) Photos
(c) Limited Company (Myanmar/Foreign), Co-operative Society , Partnership
- - Application Letter
- - Board of Director Resolution (Meeting minutes)
- - Memorandum of Association and Articles of Association
- - Company Registration Card
- - Introducers
- - Initial Deposit( Minimum 100 units of currency )
- - Form(6) and Form(26)
- - (2) Photos for each authorized person
(d) Government and Non Government Organization (NGO)
- - Permission from Ministry of Finance and Revenue
- - Application Letter
- - National Registration Card/Passport and Visa (Copy)
- - Initial Deposit US$100 (or) Donation (or) Subsidies
- - (2) Photos
- (3) EXPORT
Requirement for Private Company
- - Application Letter
- - Import / Export Registration
- - Company Registration
- - Export Licence
- (4) IMPORT
- (a) Required Documents for the Opening of Import Letter of Credit
Government
- - Application
- - Import Licence (original & copy)
- - Copy of Proforma Invoice(or) Firm Order (or) Contract
- - Foreign Exchange Permit from Budget Department
Private
- - Application
- - Import Licence (original & copy)
- - Copy of Proforma Invoice
- - Authorization to Debit( Debit Note )
(b)Bill Releasing
- - Import Licence
- - Application
- - Debit Authority for Bill Handling Commission and Bank Charges
- - Letter of Indemnity
- - Form (Tha-Ka)
- (5) REQUIREMENTS FOR REMITTING ABROAD
Government
- - Application Letter
- - Fund Transfer Application/Draft Order Form
- - Foreign Exchange Permit from Budget Department
- - Invoice/ Firm Order/ Sale Contract
Private
- - Approval from Foreign Exchange Management Department of Central Bank of Myanmar
- - Application Letter
- - Fund Transfer Application/Draft Order Form
- - Invoice / Firm Order / Sale Contract
- (6) ISSUANCE OF BANK GUARANTEE
Government / Department
- - Application
- - Required Guarantee Formatံ
- - Copy of Contract
Private
- - Application
- - Required Guarantee Format
- - 100 % of Bank Guarantee Amount is to be deposited
- - Copy of Firm Order / Contract
- - ဘဏ္အာမခံတန္ဖိုးႏွင့္ေကာ္မ႐ွင္ေပးသြင္းေၾကာင္းအေထာက္အထား
- - Performance Guarantee အတြက္ Firm Order/Contract မိတၱဴ
- (7) CANCELLATION OF BANK GUARANTEE
Government / Department
- - Application
- - Original Bank Guarantee
Private
- - Application
- - Original Bank Guarantee
- - Original Debit Advice( if funds were deposited from company’s FC account )
- (8) SALES OF FOREIGN CURRENCIES FOR GOVERNMENT PERSONNEL ( FOR TRAVEL ABROAD )
- - Deputation Order(DO)
- - Approval from Budget Department
- - Passport
- - Recommendation for Outfit Allowance
- - Cheque
- (9) FOREIGN CURRENCIES WITHDRAWAL FROM COMPANY AND PERSONAL ACCOUNTS( FOR TRAVEL ABROAD )
- - Application
- - Departure Form
- - Air Ticket
- - Passport
- - Foreign Currency Account Passbook
- - Approval from Ministry of Finance & Revenue for Large Amount
- (10) REQUIRED DOCUMENTS FOR ACCOUNT TRANSFER
- - Application
- - Debit Note
- - Foreign Currency Account Passbook
- - Request from Department concerned if the transfer is to be credited to Government Department account