Pic shoots over six weeks on location in London and Berlin this spring, and post-production will take place in Hamburg.
Fast said the film is "an elliptical thriller about a person whose past catches up with him when he's most vulnerable: in absolute control."
"Remainder" is produced by Natasha Dack of Tigerlily Films, in co-production with Malte Grunert of Amusement Park Film and ZDF/Arte.
Key financiers are the British Film Institute in the U.K. and Medienboard Berlin-Brandenburg and Filmfoerderung Hamburg Schleswigholstein in Germany, with additional support from Soda Film + Art, and a consortium of collectors from the art world.
Piffl Medien will release the pic in Germany and Soda Pictures has distribution rights for the U.K. and Ireland.
Lizzie Francke, BFI Film Fund senior development and production executive, said: "We are really excited to be supporting such a distinct visual artist as Omer Fast in his transition to feature film. The novelist Tom McCarthy has come up with such a clever puzzler in 'Remainder.' With his provocative and visually surprising sensibility, Fast is a perfect match for it."
Fast has works in the permanent collections of such major institutions as Tate Modern and LACMA. He has exhibited widely around the world, including the Guggenheim, Whitney Museum, Centre Pompidou and as part of the Venice Biennale and Documenta.
Sturridge began his career in Mira Nair's "Vanity Fair" alongside Reese Witherspoon, before going on to star in "Being Julia" with Annette Bening and Michael Gambon. A leading role followed in Gregory J. Read's "Like Minds" alongside Toni Collette, and Richard Curtis' "The Boat That Rocked," with Philip Seymour Hoffman and Bill Nighy. His credits also include "Junkhearts" and "On the Road."
Forthcoming roles include the painter John Millais in "Effie," opposite Dakota Fanning and Emma Thompson, Terrence Malick's new feature, with Ryan Gosling and Michael Fassbender, and Troy in Thomas Vinterberg's "Far From the Madding Crowd," opposite Carey Mulligan.
Past productions for Tigerlily Films include the Locarno Golden Leopard award-winning "She, A Chinese," and the Berlinale Caligari prize-winning "37 Uses for a Dead Sheep."
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