Monday, 10 December 2018

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Home | Trade & Investment | Investment


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 -

  • Total foreign ownership across almost all areas of the economy
  • A constitutional guarantee on the safety of foreign investment
  • Investment laws which are transparent and automatic
  • A sophisticated legal and regulatory framework covering areas such as intellectual property, settlement of disputes, etc.
  • Generous fiscal incentives and concessions
  • An open economic system permitting free transfer of fees, profits, capital earnings and foreign exchange transactions on current account payments
  • Double Taxation Relief Agreements with 29 countries and Investment Protection Agreements with 23 countries


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 Opportunities

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 :


  • Thrust Industries [Electronics and components for Electronic Assembly, Ceramic Glassware and Mineral Based Products, Rubber Based Industries, Light & Heavy Engineering Manufacturing and Service Industry of a Pionerring Nature]
  • Textiles
  • Software
  • Gems and Jewellery
  • Agriculture, Dairy & Livestock Development
  • Trading Houses
  • Regional Operating Headquarters
  • Tourism Recreation and Leisure Projects
  • Housing
  • Two-tier Hospitals
  • Infrastructure Development
  • Training Facilities


Investment Incentives

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 :-


  • BOI incentives under Section 17 of the BOI law
  • General incentives under the "normal laws" of the country


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:


  • Tax holidays from 5 to 20 years
  • Concessionary Tax at 15 % after expiry of tax holiday
  • Import Duty Exemption from Capital Goods
  • Import Duty Exemption on Raw Materials if utilised for export
  • Exemption from Exchange Controls
  • No restriction on repatriation of dividends profits, etc.
  • Free transferability of shares
  • The right to 100 % foreign ownership in almost all sectors of the economy
  • Concessionary Taxation on expatriates income


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 :

Email : This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Telephone : (94-1) 434403-5, 447531, 435027, 346131-3

Fax : (94-1) 447995, 430512

Telex : 21332 ECONCOM CE


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