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SUPPORTIVE GOVERNMENT POLICIES

  • Sri Lanka pioneered South Asia's economic liberalization over three decades ago. Liberalizing many areas of the economy, the government has embraced strategies and policies that are more than conducive for international investment. In fact the policy environment is undoubtedly, compelling.

  • The following transparent investment laws aim to foster foreign direct investments.

  • Total foreign ownership is permitted across almost all areas of the economy.

  • No restrictions on repatriation of earnings, fees, capital, and on forex transactions relating to current account payments.

  • Safety of foreign investment is guaranteed by the constitution.

  • Existence of a transparent and sophisticated legal and regulatory framework. Covering all prerequisite business law enactments.

  • Bilateral investment protection agreements with 28 countries and double taxation avoidance agreements with 38 countries.

  • Sri Lanka is a founder member of the Multilateral Investment Guarantee Agency (MIGA), an investment guarantee agency of the World Bank. This provides a safeguard against expropriation and non-commercial risks.

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