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INVESTMENT PROTECTION

Sri Lanka is likely one of the most secure nations in the world to invest in, due to numerous mechanisms in place to guard investors. Article 157 of the island’s constitution ensures the safety of investment protection treaties and agreements authorized by parliament by a two-thirds majority. Sri Lanka has signed bilateral Investment Protection Agreements (IPA) with 28 nations. The nation has an unbiased system of courts which may redress any issues of investors. Sri Lanka also has bilateral Double Tax Avoidance Agreements (DTAA) with 42 nations. Sri Lanka is a founder member of the Multilateral Investment Guarantee Agency (MIGA), an investment assures agency of the World Bank. This provides a safeguard against expropriation and non-commercial risks.

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COUNTRY PERFORMANCE

There are many reasons why companies’ investors select Sri Lanka as their investment destination. It all starts with positive leadership, policies and peace. Sri Lanka is an open economic system and has closely invested to develop its infrastructure to face the problem of attracting excessive performing industries.

  • A fast growing economy in the South Asian region.
  • Unemployment rate around 4.6%
  • Per capita GDP of USD 3,852 (2019).
  • Brought down inflation rate to 3.8% in 2015.
  • Efforts to diversify exports.
  • The economy grew at an average 5.3%
  • Sri Lanka has one of the lowest tax-to-GDP ratios in the world
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