Special Foreign Currency Investment Deposit Accounts (SFIDA) are a special tax-exempt mode of investment for non-resident Sri Lankans, citizens of foreign states, corporate bodies incorporated outside of Sri Lanka and foreign institutional investors. The account can be maintained in currencies such as LKR, USD, GBP, EUR and all other designated currencies. All SFIDAs are exempted from Income Tax, Withholding Tax, and Debit Tax. The minimum balance requirement is USD 10,000/- or equivalent in other designated foreign currencies or Sri Lankan Rupees.
If you would like to know more about our entire range of Investment Banking products, please contact our Treasury Department on (011) 2 442 774 / 781 / 778 and one of our representatives will be glad to assist you.