Business Facilities
With the successful makeover from a state centered economy to a market oriented economy, propelled by the goal of achieving the status of a New Industrialized Country (NIC) and spearheaded by a dynamic private sector Sri Lanka presents attractive opportunities for foreign investors desirous of establishing a presence in South Asia. The salient features of the Sri Lankan economy today with reference to the business environment are:
The removal of exchange controls. Encouragement of foreign expertise with a guarantee for repatriation of profits. Broadening the base of tax exemptions pertaining to foreign investments. Facilitating quick and hassle free investment approvals from a one stop clearance house.
Increasing computerization of the business and economic sectors Availability of modern information technology • Growing emphasis by the media on covering of business, investment and economic trends • A commitment by both the ruling party and the opposition to encourage and aid the private sector led economic growth.
Backing these trends is an over all environment conducive to growth. Literacy and education are high. English is widely spoken, written and understood at least in the middle rungs of the business and administrative sectors and these factors combine to provide a sound communication skills.
The country has a well-developed legal and legislative framework in place and the general populace has a healthy regard for the law.
For more information contact: The Director of Promotions, The Board of Investments (BOl), P.O. Box 1768, World Trade Center, Echelon Square, Colombo 1, Sri Lanka. Ph. 437137, 448880, 448105 Fax: 94-1-447995 Telex: 21332 ECONCOM CE Cable: ECONCOM COLOMBO.
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