1. Citizens of foreign states
   
   
2. Sri Lankan citizens resident outside Sri Lanka
   
   
3. Corporate bodies incorporated outside Sri Lanka
   
   
4. Foreign institutional investors such as country funds, mutual funds and regional funds.

The Accounts under this category could be opened jointly with two or more eligible investors in the following form

Check for documents required for opening of an Account

1. Individual Investor
   
   
2. Corporate Investor

Minimum account balance:

US$ 10,000/- or equivalent in other designated foreign currencies or Sri Lankan Rupees.

Permitted Credits:

1. Proceeds of inward remittances received from abroad through banking system for the purpose of investment in such deposits
   
   
2. Foreign Currency in the form of travellers' cheques, bank drafts or currency notes brought into the country by the account holder on declaration to Sri Lanka Customs as applicable during his temporary visits to Sri Lanka and tendered in person to the Authorized Dealer, provided that the travellers' cheques have been issued outside Sri Lanka and the bank drafts endorsed in the name of the account holder
   
   
3. Interest accruing on the funds held in the account.

1. Outward remittances
2. Transfers to other SFIDAs
3. Withdrawals in Sri Lanka Rupees

Key Features:

SFIDA Accounts are exempted from income tax, withholding tax and debit tax