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Sri Lanka remains one of the most attractive destinations in the Asia-Pacific region. Over two decades, successive governments have pursued a policy of economic liberalisation with the emphasis on private sector investment. The pro-business policy environment includes -
Investors can also enjoy many other benefits in this beautiful investor-friendly environment - a strategic location on the major trade route between the East and West, multiple-operator telecommunication services, modern container facilities at South Asia's NO. 1 hub-port, stable power supplies and excellent quality of life and a young, educated and energetic workforce
Investment is welcomed in virtually all sectors of the economy in order to expand, diversify and upgrade the industrial and export base of the country. Board of Investment has however identified priority sectors for investment.
The sectors identified qualify for incentives under the BOI Law and are listed below :
The Sri Lankan Government offers a wide range of incentives for investors. These incentives are available to both foreign and domestic investors, without preference, provided the investment is undertaken through a company incorporated in Sri Lanka.
Incentives offered fall under two classes or "regimes" and the investor may be eligible for inducements proviced by either of these regimes.
These are :-
When an agreement is signed with the BOI the incentives granted and commitments made cannot be changed by successive governments.
The grant of incentives depends on the type of the project proposed. Enterprises which meet specific criteria qualify for incentives under Section 17 of the BOI Law, the incentives include:
Board of Investment
The BOI is structured to function as a central facilitation point for investors, providing advice and assistance at every stage of the investment process. It is the only organisation an investor needs to contact.
Further details can be obtained from BOI website : http://www.BOIsrilanka.org
Telephone : (94-1) 434403-5, 447531, 435027, 346131-3
Fax : (94-1) 447995, 430512
Telex : 21332 ECONCOM CE
BOARD OF INVESTMENT OF SRI LANKA
16th Floor, West Tower
World Trade Centre