Sri Lanka Tourism Development Authority

Investment Policy

Untitled Document

Sri Lanka has opened its tourism sector towards 100% foreign and local investments. Investments meeting the minimum requirements are eligible for fiscal incentives and facilitation from relevant government agencies.

A limited number of small scale business sectors are reserved for citizens of Sri Lanka, along with certain small scale service sectors where foreign equity/shareholding is restricted to 40%.

The Board of Investment (BOI) acts as the main mediator for foreign investors setting up limited liability companies. The legal framework for the business enterprises in Sri Lanka is comprehensive and transparent. Major legislations directly relevant to the investments, particularly, foreign investments are as follows:

  1. The Board of Investment Law No 4 of 1978
  2. The Companies Act of 2007
  3. The Exchange Control Act (Regulations issued under the Act)
  4. Sri Lanka Tourism Development Act No.38 of 2005