Sri
Lanka / 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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