December 27, 2019
Regulation on Offshore Remittance Licenses
On 15th November 2019, the Central bank of Myanmar (“CBM”) issued its Notification No. 21/2019 re: Regulation for Offshore Remittance Licenses under the Foreign Exchange Management Law to set out the requirements for application and granting of Offshore Remittance License (“ORL”). To obtain an ORL, an applicant must submit to the CBM an application and the following... Read More