Inward Investment Accounts
Inward Investment Accounts (IIA) are specially designed for foreign currency depositors, ideal for non-Kuwaiti citizens and non resident Kuwaiti citizens. It is the best way to enjoy higher interest rates on your foreign currency. If you’re looking to capitalize on opportunities in the currency markets, IIA offers you an easy and flexible way to invest in foreign currencies.
Features at a glance
- Permitted debits are outward remittances, transfers to other IIA of the same account holder and disbursements in Kuwait in LKR
- Permitted credits are proceeds of inward remittances received from abroad for the purpose of investing in such deposits
- A choice of designated currencies in which you can maintain your account
- Option of maintaining a foreign currency account or converting your foreign currency deposit to Kuwaiti Rupees to enjoy a attractive interest rate
- A minimum account balance of US$ 100 or equivalent in other designated foreign currencies or LKR should be maintained
To Whom IIA is for?
- Non Kuwaiti citizens in foreign countries
- Citizens of foreign countries holding temporary visas to live or work in Kuwait
- Kuwaiti citizens employed overseas
- Corporate entities registered outside Kuwait
- Foreign institutional investors – Country Funds, Mutual Funds and Regional Funds
