CTRA

• An emigrant, resident in or outside Sri Lanka
• A Non- National resident in or outside Sri Lanka including minors of such person
• An individual Sri Lankan resident in or outside Sri Lanka who has obtained Temporary Resident visa in another country, aged 18 years or above
• An individual Sri Lankan resident in Sri Lanka who is a prospective migrant under the parent migration scheme
• An administrator or executor of the estate of a deceased person who was an emigrant.
  
  "An emigrant" means;
   (a) a Sri Lankan who has obtained permanent residency status or citizenship in another country;
   (b) a dual citizen of Sri Lanka whose mother or father was born in Sri Lanka; or
   (c) a non-Sri Lankan citizen whose mother or father was born in Sri Lanka; and whose birth has been registered in Sri Lanka,
  and includes the minors of persons referred to in paragraphs (a), (b) and (c);

• Bank should obtain a registration number from the Director of the Department of Foreign Exchange prior to opening a CTRA for an eligible person
• The eligible person should submit the following scanned documents (as applicable) to obtain a registration number
  i.   A completed form (will be filled out by the Bank)
  ii.  A copy of the identification page and alternative and observation pages of the current passport
  iii. A copy of the Permanent Residency (PR) endorsement or other documentary evidence/s to prove the PR date and country
  iv. A copy of the certificate of citizenship or dual citizenship
  v.  If the emigrant has been born outside Sri Lanka, a copy of the certificate of birth registered in Sri Lanka (if any)
• In addition to the above documents, the following documents to be submitted
    Account opening applications 
    Customer registration application
    Know Your Customer (KYC) form
    FATCA Declaration If applicable
    Tax Declaration If Applicable  
  » Address verification documents. (If the address given to the bank is different from the National Identity Card / Driving License/Passport.)
• The eligible person who is an individual resident outside Sri Lanka and who could not visit the branch to open the account, should require to forward, originals of the applications and other supporting documents duly authorized by any person mentioned below to reach the respective branch to open CTRA.
  i.   BOC Business Promotion Officer (BPO)
  ii.  Authorized officials of BOC Branches/Bank at abroad
  iii. Authorized officials of Sri Lankan Embassy

Note:  
For aforesaid limits, the restrictions and limitations implemented under the Government Gazette (Extraordinary) No. 2286/27 dated 30th June 2022 under the section 22 of the Foreign Exchange Act, No. 12 of 2017 (FEA) valid for a period of six months from the date of 28th June, 2022