PMF Finance PLC » SFIDA
SPECIAL FOREIGN INVESTMENT DEPOSIT ACCOUNTS (SFIDA)
- This account can be opened by eligible investors in local currency and foreign currency namely USD,EURO,GBP,JPY.
- The accounts are maintained in the form of savings and Fixed deposits.
- Eligible investors = Citizens of foreign currency states , non resident Sri Lankans , Companies incorporated outside Sri Lanka.
- Accounts can be held jointly with two or more eligible investors.
- Minimum amount required to open the account is USD 10,000/- or equivalent in any other designated foreign currency.
- SFIDA accounts are exempted from all taxes.
- The proceeds (capital and interest) can be reconverted into foreign currency and repatriated to any destination of depositor’s choice.
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