Offshore Banking
Offshore banking at MCB offers tailor made financial solutions to our customers in various sectors such as apparels, construction, shipping, tourism, power and energy which in total account for a large of the national economy.
Offshore Accounts can be maintained in the following currencies:
- United States Dollars
- Sterling Pounds
- EURO
- Japanese Yen
- Hongkong Dollars
- Singapore Dollars
- Australian Dollar
- Saudi Riyal
- Chinese Yuan
The benefits of an offshore account are listed below:
- Export Tax Benefits
- Exempt from Customs Duty
- A lower interest rate on borrowings in comparison to rupee interest rate
- Investor will not be affected by fluctuating exchange rates
Eligibility Criteria:
- Business Enterprises approved by the Board of Investment of Sri Lanka (BOI)
- Non-resident companies/individuals
- Foreign Currency Banking Units/ Exchange Houses
- Resident/ Companies approved by Exchange Control Department of Central Bank
Call our Hotline and talk to our Corporate Banking Division for more information on how you can get started with your Offshore Banking Account.