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Sri Lanka Equity Forum » Stock Market & Forum Help » Stock Trading - Foreign Investors

Stock Trading - Foreign Investors

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1 Stock Trading - Foreign Investors on Sat Apr 23, 2011 6:59 pm

Quibit

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Is the Sri Lankan market open for foreigners to invest?

Yes, foreign citizens as well as non-resident Sri Lankans can invest in the CSE. For this purpose foreign investors should have an account called "Securities Investment Account" (SIA) [formerly known as SIERA] and non-resident Sri Lankans should have an account called "Rupee Account for Non-resident Sri Lankan Investment" (RANSI).

Please explain to me what SIERA and RANSI accounts are?

SIERA is now known as SIA and SIA stands for Securities Investments Account which is a LKR account which eligible investors could open to invest in Government Securities (treasury Bills and Treasury Bonds), Shares of listed companies on the CSE and Units of Unit Trusts in Sri Lanka. Funds for investments in the said securities should be channeled through this account and the remittances such as dividends and sales proceeds should also be channeled through this account.

The following people are eligible to open SIA accounts:
- Foreign institutional investors such as country funds, regional funds or mutual funds
- Corporate bodies incorporated outside Sri Lanka
- Citizens of foreign states, whether resident in Sri Lanka or outside Sri Lanka
Non-resident Sri Lankans
- Sri Lankan professionals living in Sri Lanka who receive inward remittances
- Dual citizens who receive inward remittances

RANSI stands for Rupee Account for Non-Resident Sri Lankan Investment. Non-resident Sri Lankan citizens who have taken up employment abroad or set up a business and continue to live abroad could remit money for investments in Sri Lankan companies through RANSI Accounts (Rupee Accounts for Non-Resident Sri Lankan Investments), maintained with authorized dealers.

Funds channeled through this account could be used for investment in Government Securities, shares of companies, debentures, Units of Unit Trusts and in real assets such as land and building. All inflows arising out of these investments could be credited to this account and would be free to be taken back without exchange control restrictions.

What do I have to do to get a CDS account?

To invest in the CSE the foreign investors must have a CDS account. Foreign investors may open an account either directly through a stock broker or through one of the Commercial Banks offering custodian services.

The following documents are needed to open a CDS account:
- Foreign Individuals
- A copy of the valid Passport
- CDS Form 1 - Application for opening of a Securities Account for Individuals
- CDS Form 1(A) - Declaration form to be submitted for Individuals
- Billing proof as per the Rules issued by the Financial Intelligence Unit of Sri Lanka
- SIA account details with proof

Further if you are opening the CDS account using Power of Attorney (POA) a copy of the POA is also needed.

Non-resident Sri Lankans
- A copy of a valid Sri Lankan Passport.
- CDS Form 1 - Application for opening of a Securities Account for Individuals
- CDS Form 1(A)- Declaration form to be submitted for Individuals
- CDS Form 1 (C) - Declaration form to be submitted for non-resident Sri Lankan individuals
- Proof of residency document as per the Rules issued by the Financial Intelligence Unit of Sri Lanka
- RANSI account details with documentary proof

Are there any minimum requirements that foreigners have to fulfill prior to investing?

There are no minimum requirements in terms of funding. If you have opened the CDS account by providing the above details you can start trading at any moment.

How easy it is to take money in and out of Sri Lanka?

Unlimited wiring of funds in an out of Sri Lanka is enabled through the SIA/RANSI accounts as these accounts are designated for share transactions.

What International Banks Operate in Sri Lanka?

Most international Banks including the following have been established and perform business in Sri Lanka for a long time

The Hongkong and Shanghai Banking Corporation
Web :www.hsbc.lk
Tel : +94 11 4472224

AmericanExpress Bank
Web : http://www.americanexpress.com
Tel : +94 11 4414141

Habib Bank Limited
Web : http://www.hbl.com
Tel : + 94 11 2326565

Standard Chartered Bank
Web : http://www.standardchartered.com/lk/en/
Tel : +94 11 2433302

Citibank
Web : http://www.citigroup.com/citi/global/lka.htm
Tel : +94 11 4794711

Deutsche Bank
Web : http://www.db.com/srilanka/
Tel : +94 11 2447062

State Bank of India
Web : https://www.onlinesbiglobal.com/64LK/web/index.htm
Tel : +94 11 2326133

ICICI Bank
Web : http://www.icicibank.lk/
Tel : +94 11 4242448

Indian Overseas Bank
Web : http://www.iob.in/colombo.aspx
Tel : +94 11 2320515

Indian Bank
Web : http://www.indianbank.in/colombo.php
Tel : +94 11 2447163

How big is Colombo Stock Exchange compared to other exchanges?

Colombo Stock Exchange has had the most phenomenal growth in the last two years expanding 89.20% and 73.69% in 2009 and 2010 respectively. CSE was the best performing market in the year 2009 and 2010 consecutively. In year 2008 as in most other markets in the world CSE had a negative growth in light of the global financial crisis.

Globally Colombo Stock Exchange is fast catching up to its counterparts, becoming 34th on the global rank of most number of trades and 44th on total value of shares traded in the year 2010. CSE is also ranked 46th globally on market capitalization. Currently there are approximately 245 companies listed in CSE and is expecting about 50 IPOs within this year.

Ref :
http://bespokeinvest.typepad.com/bespoke/
http://www.asiaetrading.com/2010-exchange-statistics-for-asia/

How is Sri Lankan Economy doing over the last few years?

Sri Lankan economy has been enjoying a very steady economic growth despite the global economic meltdown and had achieved GDP growth of 6.90% in the year 2010 and the country's Central Bank is predicting 8.2% growth in the year 2011.

Sri Lanka's strongest sector is Services with a contribution of approximately 57.7% to the GDP in the year 2009 while Industry and Agricultural sectors contributed 29.7 % and 12.6% respectively.

Sri Lanka has a very good infrastructure system and an effective banking system making the perfect environment for new businesses. Sri Lanka heavily encourages foreign investments and offers vast range of incentives to foreigners who want to setup business in Sri Lanka.

Tell me about Sri Lanka, briefly?

Sri Lanka (formerly Ceylon) is an island in the Indian Ocean, lying east of the southern tip of the Indian subcontinent. Sri Lanka is about the size of Tasmania, with an area of 66,000 square km, including 870 square km of inland waters. The population of Sri Lanka is 20 million, with 2.2 million people living in the capital city of Colombo. Sri Lanka's official languages are Sinhala and Tamil, although English is commonly used in government and in business. The major religions in Sri Lanka are Buddhism (69 per cent), Hinduism (15 per cent), Christianity (8 per cent) and Islam (7 per cent). The currency is the Sri Lankan Rupee.

Considered by many as a paradise island, Sri Lanka has become one of top tourism hot spots in the world and is ranked on top by some of the leading names such as National Geography, Time Magazine, Yahoo! Travel. Sri Lanka offers unparallel diversity of tourist attractions including, gorgeous beaches, ancient cities, Wildlife & Animals, Eco Tourism, shopping, mouth watering Sri Lankan dishes, Ayurvedic massages to name few. Nation known for its hospitality and array of luxury hotels offering services at much lower rates compared many other countries make it one of the most complete destinations in the world today. Direct flights to Sri Lanka are available from Asia, Europe and the Middle East.

For more information visit http://www.srilanka.travel/

Copyright: Sri Lanka Equity Analytics
www.srilankaequity.com

2 Re: Stock Trading - Foreign Investors on Sat May 14, 2011 11:48 am

Rocky

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
One BIG rep from me Queen Bee for this article inviting the foreigners to invest in the CSE. I cant remember where but I mentioned in one of my posts that there should be a special effort made to woo these rich persons into the CSE.

3 Re: Stock Trading - Foreign Investors on Mon Jun 10, 2013 3:06 am

hermespan


Stock Trader
@Rocky wrote:One BIG rep from me Queen Bee for this article inviting the foreigners to invest in the CSE. I cant remember where but I mentioned in one of my posts that there should be a special effort made to woo these rich persons into the CSE.

This is very funny. Being a foreigner does not make one rich. Non-Sri Lankans attracted to the CSE might very well be less than wealthy persons trying to become so.

4 Re: Stock Trading - Foreign Investors on Mon Apr 28, 2014 6:22 pm

kkronline


Equity Analytic
Equity Analytic
Please suggest good stock broker for better trading platform and good research team. I am interested to open account.

5 Re: Stock Trading - Foreign Investors on Tue Apr 29, 2014 10:02 am

Pethi

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@kkronline wrote:Please suggest good stock broker for better trading platform and good research team. I am interested to open account.

Opening an account to start trading and payment all difficult and not easy as you think.

being a foreigner I think you should be a good punter and make better money rather than investing in CSE. Greyhounds are better. Laughing or Casino.... sometimes...!

CSE is as risky as gambling(more than gambling). don't start with millions. start with small amt then you will come to know which companies are good and which have future growth etc. CSE  is being manipulated big time by brokers and few wealthy people.

most people chase same companies. even though there are 279 companies there are few most investors interested in.(foreign)

if you need a diversifies portfolio in SL ruppee, that is a different thing. Good Luck.
This is a place to earn money or lose money. It could have been a good MKT after the war. but overall MKT is as same as before the war now.

No LAW and ORDER in the country, No manufacturing, ONLY tourism.... and foreign remittance
(dubai).not single country this world have developed only with these things.

if you have extra bit of cash or good trustful adviser then throw some money.....! you will earn good bucks.. believe me..!
Invest responsibly....! Good Luck....! May you be Rich and happy....!



Last edited by Pethi on Tue Apr 29, 2014 10:15 am; edited 1 time in total

6 Re: Stock Trading - Foreign Investors on Tue Apr 29, 2014 10:12 am

kkronline


Equity Analytic
Equity Analytic
Pethi
I understood the risk involved in stock markets. Is there any specific to CSE? if so please explain in details.certainly SEC will bail out from operator over a time, but it needs patience.
Comparatively, SL is placed for growth than India ( at present level). what you say...
LOIC, tokyo cement and Dipped are better placed for growth (based on my ground work).

7 Re: Stock Trading - Foreign Investors on Tue Apr 29, 2014 10:38 am

Pethi

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Most of the people come to SEC to earn quick bucks. they dont have patience. Even I thought exactly same as you 10 years ago. I did not lose money and also I did not earn big either. but i learnt over time. took me 2 years to feel the difference. then I start invest aggressively. then earned good money comparing to loses. Loses due to re positioning. but earned 10 times more. for that, you need to master the CSE.

Always look at the macro picture of the country... and micro attention in to detail such as who is running the business, what are their competitors, what they do?, why people trust them? who is investing in those companies...! you will earn good money.

LIOC good share. I bought it @ 20 then off load @ 40.
I wont buy it for sometime. But it is a good share..!

TOKYO- good share to keep long term

Dipped- long term good as they started the business in Biyagama and rubber prices are low. but better shares are there..!

Banking sector also good currently in bubble. But don't trust too much it could pop.

too many financial institutes in sri Lanka, you throw a stone it will end up in  a bank, pawn broker or leasing company etc. to keep the demand, we are pumping money to the economy.

Anyway, slow and steady wins....! start slowly...... then grow your portfolio.

Don't trust forum promoters...! do your own analysis.

8 Re: Stock Trading - Foreign Investors on Tue Apr 29, 2014 10:59 am

kkronline


Equity Analytic
Equity Analytic
Certainly Peth. Thank you very much for your insights. I dont know how to value bank, leasing , finance companies, insurance companies, mostly i never touch because i dont know what is cooking in thir books, because they are masters to hide all gains and losses.
Also i do not like holding companies which are like just sitting lazy ducks, the real value never comes out.
But i like to invest slow and steadily growth oriented stocks as i mentioned 3 in my previous emails, i will wait for right time to buy in because presently it is not cheap.
Since it is my hard earned money, my money also work hard to give back the returns. I am having good portfolio at India and gaining 4-5% only on dividends with 12% ( certain stocks higher) capital appreciation yearly basis on last 5 years. Initial years, i burnt my fingers with Options and Day trading and changed my track to value investing. Now i want to diversify 10% of my portfolio to other nations. i thought CSE is better since account opening process is easy, also growth is placed after war. What you say? what is your email id? Let share some good things what i can found.

9 Re: Stock Trading - Foreign Investors on Mon Nov 03, 2014 11:35 pm

mayabi


Stock Analytic
Stock Analytic
Looking for day traders to trade big size accounts

Equitie BP starts from 50k to few m's with perspective to grow.
Profit target 2-4 % per month.
For short period of time traders will have to use a demo platform before they will get a real account.
Steady day traders only.


P.S. Don't write PM

10 GENUINE OFFER LEASE BG,SBLC& MTN on Mon Sep 28, 2015 2:09 pm

Jayaraman


Stock Trader
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11 Re: Stock Trading - Foreign Investors on Fri Aug 12, 2016 12:28 pm

agrawalmadhuri154


Stock Analytic
Stock Analytic
Hello Good Morning Guys I talk about Stock market , Commodity tips are offered by major market advisers who have well research team, keep update their clients on market status and provide nifty tips over where to invest. Commodity is about investing for metal includes gold and silver that are highly pricey metal cause of major ups and downs of the commodity market. Take some Commodity Tips for commodity to make sure investment in correct place that moves you towards the big earnings.

http://www.zoidresearch.com/commodity.php

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