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Sri Lanka

Sri Lanka, known as the door step to one of the World’s most dynamic markets, India, is also located with direct access to the East-West shipping route. Primarily, 35% of the country’s economy is run by its export services. This strategic location allows Sri Lanka to provide investors wide market access, including the opportunity to benefit from the booming pan-Indian Ocean Trade industry. In support of this growth comes the Sri Lanka’s recent comprehensive review its trade and tariff policies, which identified areas in need of liberalization allowing an improvement of trade facilitation, showing Sri Lanka’s devotion to creating a more modern and secure economy. Coming out of a peaceful political transition, Sri Lanka has welcomed democratic policies warmly enhancing the very nature of the nation.

Aspiring to become a higher middle income economy, Sri Lanka has made great strides toward change and stability. This is proven by its government policy statements in 2015 promoting a competitive, global, including, and an export-central economy. In return, these business-friendly policies see the liberalization and thriving of the Sri Lankan economy. Economic growth has been facilitated through not only these changes in structure, diversification, but also the reduction of the economic role of agriculture and the increase in service industries; consequently, economic conditions have rapidly improved business and investment performances.

Further, Sri Lanka has made great strides toward regional integration through its already established Free Trade Agreements with India, Pakistan, and Bangladesh. Further, the nation is currently in the midst of finalizing its Free Trade Agreement with China, a step which would add great value to any investor in Sri Lanka.

Continue reading more on Company Formation in the Sri Lanka, read different forms of legal entities investors can incorporate, understand audit requirements, minimum capital requirement, shareholder liability, minimum directors requirement, residency laws and other information by selecting the options under the Menu.