Central Bank Procedure
According to the Foreign Exchange Management Law and Regulation, the capital flows especially the offshore loans require the approval of the Central Bank of Myanmar. The capital inflows in terms of equity investment need only to be reported; however, the debt investment or offshore loans (that include bank loans, shareholders' loans and intercompany loans) that will be repaid to abroad in the future require the approval of the Central Bank of Myanmar.
Investors need to apply to the Central Bank Section of One Stop Service Center Thilawa Special Economic Zone with the application form and a copy of Loan Agreement. Once it is approved, each drawdown (inward/ outward) until the total loan amount which has been approved, interest payment and principle repayment as per the schedule stated in the Loan Agreement will not require additional approval from the Central Bank. Instead, the evidences of bank transfer for each transaction of inward/outward loan transaction, interest payment, and principle repayment shall be submitted to the Central Bank Section of One Stop Service Center Thilawa Special Economic Zone.
1. All Combined_Central Bank_20160128.pdf
2. FORM-CB1_Application for Approval of Offshore Loans.docx
3. FORM-CB2-1_Record of Inward Loan Transactions.xlsx
4. FORM-CB2-2_Record of Outward Transactions related to Approved Offshore Loan.xlsx