SPECIAL FOREIGN INVESTMENT DEPOSIT ACCOUNTS (SFIDA)

People’s Merchant Finance PLC » 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.

Welcome to People’s Merchant Finance PLC

With over 39 years of experience, People’s Merchant Finance PLC can provide you with solutions that add value to your business for continuous growth in wealth. Be the most sought after financial services provider for the tailor made, quality merchant financing solutions, with a human touch and business acumen.

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