Sri Lanka's proximity to other lucrative markets in South Asia provides a major economic advantage and incentive for foreign investors. Combined with its low tariff open trade regime, Sri Lanka has become a trading and trans-shipment hub for the region. While the country stands to benefit from these advantages, bureaucracy, nepotism and a lack of transparency threaten full growth potential. Canada and Sri Lanka enjoy strong bilateral relations based upon shared participation in the Commonwealth. Canadian companies doing business in Sri Lanka are advised to appoint a local representative or agent to help navigate the market. Depending on the level of investment the Board of Investment of Sri Lanka (BOI) may be able to offer investors tax incentives and holidays.
- Construction & Infrastructure
- Transportation Services