Coca-Cola Co plans to open for business in Burma, following the US decision to suspend investment sanctions to reward the military dominated country for democratic reforms.

That will leave North Korea and Cuba as the only countries where the world's largest beverage company is not working.

Coca-Cola's charitable arm announced on Thursday it is giving $US3 million ($A3.03 million) to support job programs for women in Burma.

The statement said Coca-Cola will begin business there for the first time in more than 60 years when the US issues a general licence allowing American companies to invest, which it said is imminent.

The US announced last month it was suspending restrictions on US investment and financial services.