Residents & Non Residents

Residents

The following persons are considered as Sri Lankan residents under the Foreign Exchange Act, No.12 of 2017.

  1. Sri Lankan citizens
  2. Foreigners married to Sri Lankan citizens, if they have stayed more than 183 days in Sri Lanka during last 12 months
  3. Sri Lankan citizens who have left the country temporary i.e. not more than 182 days
  4. Sri Lankan citizens who live in foreign countries on student visas
  5. Diplomatic representatives, Consuls and Trade Commissioners of the Sri Lankan Government and their family members who live abroad
  6. Staff members of Government Corporations/Institutions, Statutory Boards, Licensed Banks or companies incorporated in Sri Lanka who serves abroad, and their family members live abroad
  7. Foreigners who are in or employed in Sri Lanka on resident/employment visa
  8. Companies incorporated in Sri Lanka, Overseas Companies registered under the Companies Act, Companies registered as offshore companies, and Clubs, societies or any other organizations including Non-Governmental Organizations registered in Sri Lanka
  9. Trustees of another country of will trusts or inter-vivos settlements and administrators of estates or executors of last wills when acting solely in that capacity where the deceased at the time of death, or the settler at the time the settlement was made, was a resident in Sri Lanka
  10. Sri Lanka citizens employed on a Sri Lankan ship

Non-Residents

According to the regulation issued under the Foreign Exchange Act No. 12 of 2017, persons other than the above are treated as Non Residents in Sri Lanka