Direct Investment!

       Investment Support 

Sri Lanka was the first in the South Asian region to promote foreign investment. Foreign investment is an important element in Sri Lanka's economic growth and is therefore actively encouraged. Approval is required from the Board of Investment (BOI) prior to the establishment of a foreign business venture in Sri Lanka. The BOI is an autonomous agency and is the primary government body responsible for foreign investment. Under Section 17 of the BOI law, BOI grants concessions to companies satisfying certain eligibility criteria. Investors are provided with preferential tax rates, constitutional guarantees on investment agreements, exemptions from exchange control and 100% repatriation of profits & capital. Attractive tax incentives are available for Investors, depending on the Industry & capital investment in Sri Lanka, such as Tax Holidays & Tax concessionary rates, duty exemptions.

An export oriented enterprise, which has entered into an Agreement with the Board of Investment of Sri Lanka (BOI) under section 17 of the BOI Law and granted exemptions from exchange control regulations may: Open and operate a foreign currency account with any foreign currency Banking Unit (FCBU) of a commercial bank. Borrow offshore. Open and operate a Sri Lankan currency account with any commercial bank.

Under Section 16 of the BOI law, The Sri Lankan government permits up to 100% foreign participation in many sectors of the economy, and the BOI provides automatic approval for such investments. Investment in certain restricted sectors is subject to screening and approval is given on a case-by-case basis if the foreign investment exceeds 40%. The BOI is the only organization a foreign investor should contact & its services include providing advice & assistance at every stage of the Investment process. 

Quoted from Sri Lanka Tourism Development Authority