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Setting up in Sri Lanka

Duty Free Facilitation

Companies signing an agreement with the Board of Investment of Sri Lanka are entitled to obtain duty free facilities under Sec. 17 of BOI Law No. 4 of 1978. Companies that export more than 90% of goods produced (60% for apparel & Ceramic) or services (with 70% turnover in convertible foreign currency), are entitled to be free of Customs Duty on capital goods and raw materials. Non-export oriented companies are entitled to import project related capital goods free of Customs Duty, during the project implementation period.

Prior to signing an agreement, the company should forward the list of items that it requires to set up and operate the project. These lists will be evaluated and approved by the Sector groups.