Eligible

Companies engaged in supplying material inputs to companies earning foreign exchange (Including BOI Companies).

An undertaking should be provided by the Board of Directors of the Company to the effect that the Company is already engaged in supplying material inputs to a Company earning Foreign Exchange.

Types of Accounts

Accounts may be opened in the form of a Savings Accounts and Fixed Deposit accounts in designated Foreign Currencies such as –

• S Dollars currencies added
• Singapore Dollars
• Canadian Dollars
• Sterling Pounds
• Australian Dollars
• Euro
• Swiss Francs
• Hong Kong Dollars
• Japanese Yens
• New Zealand Dollars
• Swedish Kroners
• Danish Kroners
• Norwegian Kroners

Permitted Credits (Deposits)

• Payments received in foreign exchange by way of Bank draft or Bank Transfer for material inputs supplied to any company.

Permitted Debits (Withdrawals)

• Payments of Foreign exchange to residents outside Sri Lanka on account of Current Account transactions of the company.
• Payments in foreign exchange towards cost of material inputs purchased from the companies.
• Disbursement in Sri Lanka Rupees is permitted. Withdrawals in Sri Lanka rupees shall not be eligible for reconvert to FC and re-credit to FCASI.

Click here to download the account opening application form