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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » How to invest in foreign stock market?

How to invest in foreign stock market?

2 posters

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1How to invest in foreign stock market? Empty How to invest in foreign stock market? Wed Aug 09, 2017 10:01 pm

dilan2danu


Stock Trader

1. What are the initial requirements to invest in international stock market as a Sri Lankan citizen?
2. Where to start and how to proceed?
Experts in this area... I'm waiting for your response.

Neluka Karannagoda


Manager - Equity Analytics
Manager - Equity Analytics

Is it possible to invest in foreign stock market ?
Because when someone promote the FOREX here i told it is illegal in Sri Lanka because of our Finance Act of 1982. According to it foreign investment is a punishable offence. 

Therefore i think same rule will be apply for investment in foreign stock market also.

One more thing according to the rule and regulations governing for Credit and Debit cards it is illegal to send money to other countries other than the consumable purpose. That mean you can buy a book or something from foreign market to consume but could not do any other activity using your cards although it can be done. But if you catch by misusing the cards it also be a punishable offence.

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