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An Inward Investment Account (IIA) allows eligible investors to invest in Sri Lankan government securities, local equities, and unit trusts. It must be opened at a commercial bank to manage inward and outward remittances for non-residents. If a Global Custodian is involved, you must submit relevant documents authorizing the local custodian to open the account.

Note - It is advisable to inform your bank to accept purchase orders from ACS Capital to prevent any delays.

- HSBC

- Citi Bank

- Standard Chartered Bank

- Deutsche Bank

The settlement cycle operates on T+3 (Trade Day + 3 business days) for both buying and selling. 

- For Purchases - ACS Capital will send trade confirmations to your bank, which must have funds available by T+3. 

- For Sales - Confirmation is sent the following day; proceeds are sent to the bank on T+3.

Important - For transactions over LKR 20 million, a 15% margin is required by T+1.

Dividends will be deposited directly into your IIA account. Ensure you provide IIA account details in the dividend instruction section of the e-service Form.

Coordinate with your IIA bank and your advisor at ACS Capital for assistance.

You can transfer any available funds from your IIA account through your bank.

There are no taxes on capital gains, but a 10% withholding tax will apply to dividends at the time on payout.