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What
is it?
Resident Non-national Foreign Currency accounts scheme is for foreign
citizens who hold valid Sri Lankan resident visas. It is an incentive
given to them to have their foreign currency deposits in Sri Lanka.
Credits to these accounts are restricted to proceeds of foreign
currency remittances received in the name of the account holder.
Debits to these accounts are freely permitted.
Who
is eligible?
- Foreign nationals who posses valid Sri Lankan resident visas
What
are the benefits?
- Accounts maintained in foreign currency.
- Available in the form of Savings or Fixed Deposit accounts
- Interest earned in foreign exchange
- Funds can be remitted for authorized purposes without any Exchange
Control approval.
- Interest income exempted from income tax
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