Page 26 - Invest in Sri Lanka

Sri Lanka: The Heart of the Eastern Hemisphere
Sri Lanka’s Board of Investment (BOI), the coun-
try’s one-stop shop for inward investors and
institutional capital, o ers a range of incentives for
tourism investment projects exceeding USD$
500,000 including but not limited to the following:
01 Simplified Business Visas
02 Attractive Tax Incentives
03 Enhanced Capital Allowances (in
addition to regular depreciation
allowances)
04 Streamlined or fast-tracked
approvals
The BOI also guarantees that all income, proceeds
on sale of investments can be repatriated through
an Inward Investment Account opened by the
Investor.
Sri Lanka has seen substantial investments in
construction, infrastructure and tourism since
2010, driven by both public and private sector
initiatives. The total investment in these sectors is
estimated towards USD$ 12 billion.
INVEST IN TOURISM SRI LANKA
Your Destination for Timeless, Sustainable Investments
Roads and Highways
Significant investments have been made in
expanding the national highway network,
including expressways such as the Southern
the Central Expressway, all of which bring
Expressway, the Outer Circular Highway, and
travelers e ciently and comfortably to some of
the most sought-after beaches, mountains and
historic sites.
Port and Logistics Development
The Colombo Port Expansion Project, including
the development of the Colombo International
focus, with investments exceeding USD $1
Container Terminal (CICT), has been a major
billion. In November 2023, the United States
International Development Finance
Corporation (DFC) committed to a USD$ 533
million investment in Colombo’s port, making it
the single largest American investment in Asia,
in history.
Urban Development
The Colombo Port City project is a flagship
urban development initiative, with an estimated
total investment of USD $1.4 billion for the
initial phases.
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