Market-oriented economic reforms initiated as far back as 1977, and continued by all successive governments thereafter, have helped Sri Lanka emerge as one of the most liberal and business-friendly nations in Asia.
Coupled with this conducive environment, the strategic location of the island with air and sea connectivity, an educated and easily adaptable workforce, improved infrastructure and higher living standards have all made Sri Lanka a highly attractive destination for trade and investment.
Sri Lanka exports a wide range of products and services to a large number of markets around the world. Its main exports include apparel, tea, rubber products, gems & jewellery, IT/KPO/BPO, food products & spices, seafood, coconut products, electrical & electronics, printing & stationery, professional services, ceramic/porcelain wear and footwear & leather goods.
Sri Lanka welcomes foreign direct investment in almost all industry sectors, excepting only a few areas that are restricted to its domestic stakeholders. Among the thrust industry sectors open for foreign investors are tourism & leisure, agriculture, export manufacturing, export services, infrastructure, knowledge services, utilities and education.
Qualified investments are entitled to a range of attractive incentives offered under the Inland Revenue Law, Port & Airport Development Levy Act, Value Added Tax Act and Strategic Development Project Act. In addition, investment projects approved by the Board of Investment of Sri Lanka will be eligible for duty free facilitation and exchange control exemptions.
Useful links:
Sri Lanka Export Development Board: www.srilankabusiness.com
Board of Investment of Sri Lanka: www.investsrilanka.com
Department of Commerce: www.doc.gov.lk
Department of Sri Lanka Customs: www.customs.gov.lk
Department of Registrar of Companies: www.drc.gov.lk
Sri Lanka Tourism Promotion Bureau: www.srilanka.travel