Myanmar China Border Trade Services

Banking services for Myanmar-China Border Trade are now available at KBZ Bank. The services provided by KBZ Bank are as below: 

  • Yuan account opening
  • MMK account from/to Yuan account (own account) direct transfer
  • Depositing to customer’s bank account after receiving funds for exported goods to China  
  • Remittance to a supplier in China to make payment for the goods

The following documents are required to open a Chinese Yuan account at KBZ Bank.

  • Fill in the KBZ account opening form 
  • Valid company registration certificate
  • Company Extract from DICA
  • Company Constitution
  • Company Meeting Minutes and BOD ResolutionsImport and export registration certificate
  • NRC of account holders

Initial DepositMMK equivalent to CNH 30
Minimum BalanceCNH 30

Required Documents (before export)

  • Application form to deposit money to CNH account (with company letterhead)
  • Bill of sale/signed document of transaction agreement

Required Documents (before export)

  • Application form to deposit money to CNH account (with company letterhead)
  • Bill of sale/signed document of transaction agreement
  • Shipping documents (copy)
  • Export Declaration (ED) Allowed Shipment Notification

Required Documents (before import – Advance TT)

  • Telegraphic Transfer Application Form
  • Bill of sale/signed document of transaction agreement
  • Undertaking Letter (Guarantee that a Release Order Notification (ID) will be submitted when the product arrives)
  • Import license (if needed)

Required Documents (after import)

  • Telegraphic Transfer Application Form
  • Bill of sale/signed document of transaction agreement
  • Shipping documents (copy)
  • Import license (if needed)
  • Import Declaration (ID) Release Order Notification