Sri Lanka established itself as a major destination for foreign investment. From no taxation to substantial cash grants for companies in the IT-BPO companies, the government provides many incentives to promote investments.

Author: Rosine Duteil

Colombo has a well-established road network with a quality supply of power, modern office facilities and a well-developed set of support infrastructure services (Sri Lanka ranked 2nd for the South Asian countries on the Competitiveness Index 2017 – 2019).

The workforce is cost-effective and offers the world’s largest pool of UK qualified English speaking accounting professionals outside the UK itself. Currently, over 80,000 are employed in the IT -BPO industry in Colombo and the workforce is growing at over 20% year-on-year.

Want to learn more?

Check out Episode 1 explaining why Sri Lanka is the ideal Location to Offshore.

Check out Episode 3 explaining why Sri Lanka is a major Innovation and Startup Hub.

REFERENCES

http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf
http://hdr.undp.org/en/countries/profiles/LKA
https://www.icta.lk/projects/national-it-bpm-workforce-survey-2019/
https://www.ips.lk/incentivizing-foreign-investment-in-sri-lanka-and-the-role-of-tax-incentives/..
https://www.doingbusiness.org/content/dam/doingBusiness/country/s/sri-lanka/LKA.pdf