The Board of Investment (BOI) of Sri Lanka is the central facilitation point for foreign investments. They provide assistance and advice throughout the investment process from initial point of inquiry through project approval, implementation, monitoring and aftercare facilities.
The BOI currently facilitates investors on a sector-focused approach and has established the "Investor Facilitation Centre" on 26th floor, West Tower, World Trade Centre, Colombo 1, for this purpose.
BOI offers tax holidays ranging from 3 to 15 years for investors in districts other than Colombo and Gampaha. The categories where incentives are offered are.47
- Export oriented manufacturing and services
- Tourism and leisure
- Agriculture and food processing
- IT/IT enabled services and BPOs
- Education and training
- Power generation and infrastructure
Additionally, imports of both capital goods and raw materials are duty free for export oriented industries/services. Only the following capital goods are duty free :48
- Infrastructure projects
- IT/IT enabled services
- Regional operating headquarters
Additional special package of tax incentives ranging from 10 – 20 years is offered for investment in the Eastern and Northern Provinces.