Opening of Client Accounts – Non-Resident Individuals

Non-resident Individual accounts could be opened under two categories.

• Non-Resident foreigners
• Non-Resident Sri Lankans

Note: A person resident in Sri Lanka is as defined by the No. 2045/56 Gazette relating to Foreign Exchange Act No.12 of 2017.

Non-Resident Foreigners

• A copy of the valid Foreign Passport for Non-nationals
• CDS Form 1 – Download
• CDS Form 1(A1) – Download
• CDS Form 1(A2) – Download
• Proof of residency document as per the Rules issued by the Financial Intelligence Unit of Sri Lanka
• If a Non-national applicant wishes to open an account giving a local correspondence address that person should provide sufficient information regarding the correspondence address (e.g. Valid residential visa)
• IIA (Inward Investment Account) account details with documentary proof.

Note: If the account is to be opened using a Power of Attorney (POA) a copy of a valid POA is required

Non-Resident Sri Lankans

In the event a resident Sri Lankan becomes a non-resident that person would have to open a new (Foreign) account. In such an instance the following documents relating to opening a foreign Client account needs to be submitted.

• A copy of the Sri Lankan valid Passport.
• CDS Form 1 – Download
• CDS Form 1(A1) – Download
• CDS Form 1(A2) – Download
• CDS Form 1 (C) – Download
• Proof of residency document as per the Rules issued by the Financial Intelligence Unit of Sri Lanka
• IIA(Inward Investment Account)/CTRA (Capital Transactions Rupee Account) details with documentary proof

Certification of non-resident applicants as per the FIU Guidelines

• By a Sri Lankan diplomatic officer or Sri Lankan consular officer in the country where the documents were originally issued, or
• By a Solicitor, Attorney-at-Law, Notary Public, practicing in the country where the applicant resides, or
• Broker. (Applicable only in respect of Individuals.)