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Inward Investment Account

Channel inward investments through a regulated account.

An Inward Investment Account (IIA) supports eligible inward investment flows into Sri Lanka through a regulated framework. It helps channel funds securely and transparently, subject to documentation and approvals.

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Benefits

Can be maintained as Savings Accounts, Fixed Deposits, or Current Accounts without cheque book or overdraft facilities.

Eligibility

Sri Lankan dual citizens (resident or non-resident)

Sri Lankans with foreign PR or citizenship (resident or non-resident)

Sri Lankans employed abroad (excluding emigrants)

Partnerships registered outside Sri Lanka

Companies incorporated outside Sri Lanka

Foreign funds and institutional investors (e.g., country/regional funds, mutual funds, unit trusts)

Administrators or executors managing an existing IIA until the estate is settled

Receivers or liquidators of companies that held an IIA until proceedings conclude

Key Facts Documents

All existing

  - Securities Investment Accounts (SIAs),

  - Special Foreign Investment Deposit Accounts (SFIDAs), opened and maintained under the provisions of the repealed Exchange Control Act is now known as Inward Investment Accounts (IIAs)

Debits and credits to the IIAs are subject to the regulation and the direction issued by Central Bank of Sri Lanka

Each of the eligible category to open IIAs should submit relevant documentation to prove the residence status

Accounts could be maintained in Sri Lankan Rupees of any designated foreign currency

Permitted Investment options in Sri Lanka via IIAs

Ex:

Invest, acquire or hold all classes of shares or an entitlement to shares issued by Companies incorporated in Sri Lanka under the Companies Act, No.7 of 2007

Invest, acquire or hold all classes of shares in a company not incorporated in Sri Lanka and listed in the Colombo Stock Exchange

Investment in debt securities or granting loans with a tenure of 3 or more years to companies incorporated in Sri Lanka (With certain conditions) in foreign exchange or in Sri Lanka Rupees

Units in Unit Trusts or Mutual Funds

Government Securities (treasury bills, treasury bonds and any other securities issued by the Government)

Securities issued by the Central Bank of Sri Lanka or any other statutory body

Sri Lanka Development Bonds (SLDBs)

Deposits in licensed financial Institutions

Immovable properties

Any other investment categories approved by the Monetary Board in accordance with such directions as may be issued by the Minister.

FAQs

An IIA is a foreign currency or LKR account for non-residents and eligible individuals to invest in permitted investments in Sri Lanka.

Eligible dual citizens, Sri Lankans with PR/citizenship abroad, Sri Lankans working overseas, foreign companies, foreign partnerships, and international funds.

Savings, Current (no cheque/overdraft), and Fixed Deposit accounts.

All SIAs and SFIDAs are now reclassified as IIAs under updated regulations.

IIAs allow investments in Sri Lankan shares, listed foreign companies, debt securities, unit trusts, government securities, SLDBs, deposits, property, and other approved categories.

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