preloader-gif

Overview

An OIA is a special account designated to channel funds abroad for eligible overseas investments such as investment in Shares, Units, Debt Securities, Sovereign Bonds and establishing an overseas arm of a company incorporated in Sri Lanka.


Eligibility

  • Companies registered under the Companies Act, No. 07 of 2007 other than a company limited by a guarantee. 
  • A partnership registered in Sri Lanka.

Key Benefits

Limits for Outward Investments

Eligible Resident Investor Type of Investment Permitted limit
(i) A company listed in the Colombo Stock Exchange Shares, Units, DebtSecurities andSovereign Bonds USD 2,000,000 or an equivalent amount in any foreign currency designated by the Central Bank, per calendar year
(ii) A company not listed in the Colombo Stock Exchange USD 500,000 or an equivalent amount in any foreign currency designated by the Central Bank, per calendar year
(iii) A partnership registered in Sri Lanka USD. 300,000 or an equivalent amount in any foreign currency designated by the Central Bank, for life time.
(iv) An individual USD. 200,000 or an equivalent amount in any foreign currency designated by the Central Bank, for life time.
(v) A company or a partnership Setting up of Overseas offices USD. 300,000 or an equivalent amount in any foreign currency designated by the Central Bank, per calendar year.

For detailed information contact nearest Sampath Bank Branch or Customer Care Centre.


Other Info

Permitted Credits 

  • Sri Lankan Rupee deposits for investment purposes. 
  • Transfers from a Business Foreign Currency Account (BFCA) or another OIA of the same account holder. 
  • Proceeds of a loan obtained from a foreign source through an Inward Investment Account. 
  • Investment related remittances. 

Permitted Debits 

  • Payments related to capital transactions undertaken by the account holder. 
  • Payments outside Sri Lanka for current transactions. 
  • Own account transfers to Personal Foreign Currency Accounts (PFCA) and BFCA as capital and capital gains received from an overseas capital transaction into an OIA, where the investment had been made by debiting the same PFCA or BFCA. 
  • Withdrawals in LKR.
  • Transfers to another OIA of the account holder.
  • Transfers to Rupee Accounts of the same account holder. 

Related Accounts

Related Links

Quick Links

Get in touch

Connect with us