Sri Lanka was the first South Asian country to promote foreign investment. Foreign investment is a crucial element in Sri Lanka’s economic growth and is therefore actively encouraged. Approval is required from the Board of Investment (BOI) before establishing a foreign business venture in Sri Lanka. The BOI, an autonomous agency, is the primary government body responsible for foreign investment.

Under Article 16 of the BOI law, the Sri Lankan government permits up to 100% foreign participation in many sectors of the economy, with the BOI providing automatic approval for such investments. 

Article 17 of the BOI law grants concessions to companies meeting certain eligibility criteria. Investors are offered preferential tax rates, constitutional guarantees on investment agreements, exemptions from exchange control, and 100% repatriation of profits and capital.

The healthcare industry is booming in Sri Lanka. For healthcare investors looking to establish facilities in Sri Lanka, we provide comprehensive services, starting from trade name reservation to facility licence issuance, and continuing through the participation in ongoing business operations.

The following services will be provided to foreign investors by the Chartered Bureau:

• Trade name reservation and trade licence issuance.
• Information & guidance regarding the application procedure and coordinating approvals.
• Assistance during start-up projects, site selection, advising the industry requirements.
• Market research and analysis.
• Feasibility study and business plan.
• Assisting for investors resident visas.
• Facilitating Import and Export clearance.
• Facilitating environmental approvals.
• Employee hiring and appointment.
• Business continuity support.
• Local partner