Foreign Currency Banking Unit | Pan Asia Banking Corporation

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Normal exchange control regulations are not applicable
Concessions on customs duty
Lower interest rates on borrowings
Minimize exchange rate fluctuation
Tax benefits

Business Enterprises approved by the Board of Investment of Sri Lanka (BOI)
Exchange houses / Foreign Currency Banking Units
Nonresident Companies / Individuals
Companies / residents approved by the Exchange control department of the Central Bank of Sri Lanka are eligible to obtain the above facilities in Foreign Currency

General documentation applicable based on the entity
Certificate from BOI under section 17(2) and the agreement with exemptions on exchange control regulations, Inland Revenue Act etc.
Current accounts, call deposits and time/term deposits can be maintained
All documentation needs to be certified by the company secretaries

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