Why to invest in our country!

Strategic Location

Sri Lanka is situated strategically at the crossroads of major shipping routes to South Asia, the Far East and the continents of Europe and America, making the country a convenient port of call for shipping lines and airfreight services. Added, Sri Lanka’s proximity to the Indian sub-continent positions the country as a gateway to a market of 1.3 billion people. These factors have combined to generate keen interest in the country’s logistics sector, as well as from manufacturers looking for opportunities in the South Asian region.

Investment Incentives

The Inland Revenue Act No. 24 of 2017 provides an Incentive Regime granting reduced tax rates (for specific sectors) and Capital Allowances based on capital investments made by the investors, effective from 1st April 2018. 

- Reduced Tax Rates

 - Enhanced Capital Allowance (ECA)

 -Temporary Enhanced capital allowance

 -Duty Exemptions on Importation of Project       Related Capital Goods

 -Duty Exemptions on Importation of Raw

Access To Key Markets

Sri Lanka’s strategic location provides great opportunities to enter into free trade and  agreements with several of Asia’s trade powerhouses.

These four markets alone combine to present an opportunity to reach approximately 2 billion people, when establishing your enterprise in Sri Lanka. An added advantage for a company locating to Sri Lanka is the preferential trade access gained to two large regional blocs under the South Asian Free Trade Area and the Asia-Pacific Trade Agreement.

Educated And Adaptable Workforce

Our Country comprises of a highly versatile and skilled workforce which is cost competitive, highly productive and bilingual. Majority of the Sri Lankan workforce consist of highly qualified professionals having extensive experience in, numerous fields such as information technology, manufacturing, finance and accounting, fashion and design, and law.

Avoidance of Double Taxation

-Agreements on Avoidance of Double Taxation

-Relief from double taxation for foreign investors

Sri Lanka has entered in to Double Taxation Avoidance Agreements with 44 countries (including Pakistan) to eliminate or mitigate the incidence of juridical double taxation and avoidance of fiscal evasion in the  trade (or transactions).

Investment Protection

Bilateral Investment Promotion and Protection Treaties .Sri Lanka has entered into 28(including Pakistan) Bilateral Investment Promotion and Protection Treaties so far, providing a protection to foreign investments within the country. Sri Lanka is developing its model BIT with a view to cater to the needs of covering the aspects of sustainable development principles in attracting foreign investments to continously.

Quoted from Consultants General of Srilanka- Karach, Pakistan