Sri Lanka is one of the safest countries in the world to invest in due to a number of mechanisms in place to protect investors. The island’s constitution guarantees the safety of investment protection agreements under Article 157.
Sri Lanka has signed bilateral Investment Protection Agreements (IPA) with 27 countries. The country has a very independent system of courts which can redress any concerns of investors.
Sri Lanka also has bilateral Double Tax Avoidance Agreements with 38 countries.
Sri Lanka pioneered South Asia’s economic liberalization over three decades ago. Liberalizing many areas of the economy, the government has embraced strategies and policies that are more than conducive for international investment. In fact the policy environment is undoubtedly, compelling.
The following transparent investment laws aim to foster foreign direct investments under the Board of Investment of Sri Lanka (BOISL).
Total foreign ownership is permitted across almost all areas of the economy.
No restrictions on repatriation of earnings, fees, capital, and on forex transactions relating to current account payments.
Safety of foreign investment is guaranteed by the constitution.
Existence of a transparent and sophisticated legal and regulatory framework. Covering all prerequisite business law enactments.
Bilateral investment protection agreements with 27 countries and double taxation avoidance agreements with 38 countries.
Duty free concessions and tax holidays
Using its network of connectivity, technical skills and business acumen, PnJ Holdings is ideally positioned to work with reputed parties interested in Foreign Direct Investment.
The company offers the following Services:
Scoping and proposing projects - Sri Lanka is rapidly investing in various infrastructure and development projects with a view to becoming a developed nation in South Asia. A wide variety of projects are available for commissioning, which PnJ together with the interested investor party, could facilitate in the procurement of.
Designing and proposing projects - There are many opportunities for Commercial ventures which seek to take advantage of Sri Lanka’s strategic position, in both the services and manufacture areas. PnJ holdings can facilitate the design of bespoke projects in keeping with the investor requirements and guidelines.
In all cases PnJ will facilitate to obtain
All governmental and local authority approvals
Conducting and reporting of feasibility studies and data