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Outward Investment Accounts (OIAs)

Outward Investment Accounts (OIAs)
Persons eligible to open OIAs
  • Companies registered under the Companies Act, No. 07 of 2007 other than a company limited by guarantee.
  • A partnership registered in Sri Lanka.
  • An individual resident in Sri Lanka.

A Non-Governmental Organization shall not be permitted to open and maintain an Outward Investment Account

Any person against whom or any company or partnership against which legal proceedings or Investigations are pending in respect of a prosecution under the provisions of the repealed Exchange Control Act or Foreign Exchange Act, No.12 of 2017, shall not be permitted to make any outward remittance in respect of a permissible capital transaction without obtaining clearance for such remittance from the Central Bank.