Capital Transaction Rupee Account (CTRA) - Pan Asia Banking Corporation

Foreign nationals and companies outside of Sri Lanka can enjoy unique benefits when performing capital transactions

Foreign nationals and companies outside of Sri Lanka can avail themselves of unique incentives by maintaining a Capital Transaction Rupee Account in Sri Lanka rupees.

Key features & benefits

Perform capital transactions and invest your money
Ability to convert your capital transactions to the desired foreign currencies.
Ability to operate the account in USD, EUR, GBP, AUD, SGD, Swedish Kroner, Swiss Franc (CHF), CAD, Hong Kong Dollars, JPY, Danish Kroner, Norwegian Kroner, Chinese Renminbi and NZD currencies.
The details of this product are in accordance with regulations published by the Central Bank of Sri Lanka. Thus, the details may change from time to time according to changes in regulations.

Rates & fees

Please contact your nearest branch to find out more about the rates & fees for this product.
Click here to see the fees for this product

Foreign residents and companies abroad have the opportunity to maintain and enjoy the benefits of a Sri Lanka Rupee account.

Call us today to learn what a Capital Transaction Rupee Account can do for you!

Capital Transaction Rupee Account (CTRA) FAQs

Who is eligible to open a Capital Transaction Rupee Account (CTRA)?
● An individual Sri Lankan, permanently residing outside Sri Lanka
● A Sri Lankan dual citizen
● A foreign national of Sri Lankan origin
● A non national resident outside Sri Lanka
● A Sri Lankan National resident outside Sri Lanka
● Firms and Companies registered outside Sri Lanka
What are the permitted credits allowed as per Central Bank regulations?
● Remittances in foreign exchange received from outside Sri Lanka in favor of the account holder through the banking system.
● Where the account holder is an individual emigrant of Sri Lanka, a non-national resident outside Sri Lanka or a Sri Lankan dual citizen; local income including sale proceeds of movable and immovable property and tangible/intangible assets, which are derived in Sri Lanka.
● Transactions or transfers from any other category of accounts that may be permitted to maintain by the Central Bank from time to time, to the extent such transactions or transfers have been permitted by directions issued by the Central Bank.
● Interest earned in LKR on the funds held in the account.
What are the permitted debits allowed as per Central Bank Regulations?
● Remittance of migration allowance up to USD 200,000 per individual in respect of a Sri Lankan emigrant, as per the directions issued by the Central Bank.
● Remittance of an allowance of USD 30,000 per annum in respect of an eligible Sri Lankan emigrant.
● Remittance of USD 30,000 per annum for capital transaction in respect of foreign nationals as per the directions issued by the Central Bank.
● Where the account holder is an individual emigrant of Sri Lanka, a non national resident outside Sri Lanka or a Sri Lankan dual citizen, transfer of eligible migration allowance to a Personal Foreign Currency Account or an Inward Investment Account of the account holder, as per the directions issued by the Central Bank.
● Disbursement in Sri Lanka in Sri Lanka rupees.
● Transactions or transfers to any other category of accounts that may be permitted to maintain by the Central Bank from time to time, to the extent such transactions or transfers have been permitted by directions issued by the Central Bank.