Inward Investment Accounts (IIA)

Inward Investment
Accounts (IIA)

Ideal for foreign investors and other overseas corporate bodies, featuring tax-free investments and significant returns.



Securities Investment Accounts (SIAs) and Special Foreign Investment Deposit Accounts (SFIDAs) have been re-designated as IIA.


  • A non- national resident in or outside Sri Lanka.
  • A non-national of Sri Lankan origin, who is a resident outside Sri Lanka.
  • A Sri Lankan citizen, resident outside Sri Lanka.
  • A Company incorporated outside Sri Lanka.
  • Country and Regional Funds, Mutual Funds, Unit Trusts and other Institutional investors who are established outside Sri Lanka.
  • An administrator or executor of the estate of a deceased person, who maintained an Inward Investment Account with that authorized dealer until the completion of the administration of the deceased person’s estate.
  • A receiver or liquidator of a Company that maintained an Inward Investment Account with that authorized dealer until proceedings are concluded.

Permitted Credits (Indicative)

  • Proceeds of inward remittance received from abroad through banking system
  • Foreign currency brought into the country by the account holder.
  • Interest accruing on the funds held in the account.

Permitted Debits (Indicative)

  • Outward remittances, in favor of the account holder.
  • Own account transfers to IIA or PFCA
  • Disbursements in Sri Lanka, in Sri Lankan Rupees.

Key Benefits

  • The currency in which the account maintained can be converted to any other designated currency at the discretion of the account holder.
  • No exchange risk if placed in foreign currency.
  • Re-conversion of Rupees to any designated foreign currencies.

Type of Accounts

  • Savings Accounts.
  • Current Accounts (without cheque drawing facility)
  • Fixed Deposits.