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Inward Investment Accounts

Inward Investment Accounts (IIA) are specially designed for foreign currency depositors, ideal for non-Sri Lankan citizens and non resident Sri Lankan citizens. It is the best way to enjoy higher interest rates on your foreign currency. If you’re looking to capitalize on opportunities in the currency markets, IIA offers you an easy and flexible way to invest in foreign currencies, offering you a total tax free return.

Features at a glance

  • Permitted debits are outward remittances, transfers to other SFIDAs of the same account holder and disbursements in Sri Lanka in LKR
  • Permitted credits are proceeds of inward remittances received from abroad for the purpose of investing in such deposits
  • A choice of designated currencies in which you can maintain your account
  • Option of maintaining a foreign currency account or converting your foreign currency deposit to Sri lankan Rupees to enjoy a attractive interest rate
  • A minimum account balance of US$ 10,000 or equivalent in other designated foreign currencies or LKR should be maintained

Who is IIA for?

  • Non Sri Lankan citizens in foreign countries
  • Citizens of foreign countries holding temporary visas to live or work in Sri Lanka
  • Sri Lankan citizens employed overseas
  • Corporate entities registered outside Sri Lanka
  • Foreign institutional investors – Country Funds, Mutual Funds and Regional Funds

In the case of Inward Investment Accounts (IIA) the minimum required to open an account will be USD 10,000/- or equivalent in other foreign currencies. Interest will be paid for IIA accounts only if the minimum balance of USD 10,000/- or equivalent is maintained.