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Investing In Sri Lanka

Investing In Sri Lanka

With the end of the 30 year civil conflict, Sri Lanka has been experiencing aggressive growth in several key sectors of its economy, with almost all areas open for foreign investment and the government in turn is actively encouraging foreign direct investment to ensure strong and positive economic indicators.

Strategically situated at the crossroads of major shipping routes connecting South Asia, Far East and the Pacific with Europe and the Americas, the country is also next to the fast growing Indian sub-continent with close proximity to South East Asia and the Middle East.

Supportive government policies also makes Sri Lanka a very attractive and compelling location for investment and the country in fact 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.

This includes 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 and bilateral investment protection agreements with 27 countries and double taxation avoidance agreements with 38 countries.

According to the Index of Economic Freedom – 2011, the country has been ranked 107 of 179 countries and 19th of the 41 countries in the Asian Pacific Region and furthermore, Sri Lanka has been rated as one of the 'most improved countries in the world in economic freedom as per the 2011 rankings.
Some key sectors worth investing in, looking at the current economic environment, are tourism and leisure, infrastructure, knowledge services, utilities, apparels, export manufacturing, export services, agriculture and education.

 

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