Setting up in Sri Lanka

Exchange Control Regulation

Exchange Control exemption is granted only for Export-oriented projects under Sec. 17 of BOI Law and Strategic Development Projects. At present, a project is considered as an export oriented project only if it exports 90% of its production. Parts I, IA, II, III, IV V & VI of the Exchange Control Act are exempted for these companies and they could operate FCBU (Foreign Currency Banking Unit) accounts.