Quality of Life - Investment Opportunities - Sri Lanka Board of Investments (2023)

Often referred to as the "Pearl of the Indian Ocean", Sri Lanka is hailed by both locals and foreigners as a great place to live and work. Sri Lanka, a land of many facets, offers a wide range of experiences, cultures and places for lovers of variety and diversity. The country's sprawling beaches, rolling hills, rainforests and cosmopolitan cities make Sri Lanka an eclectic experience for everyone.

For those who choose to make Colombo (the commercial capital of Sri Lanka) their home, a cosmopolitan living environment awaits. There is no shortage of social life in this city, with numerous restaurants and cafes, rich nightlife, theater and artistic experiences, a large number of star hotels and other amenities. There is also a wide range of quality education in the city, which boasts several renowned international schools and many tertiary education opportunities.

Sri Lanka also offers private hospital and health care with state-of-the-art facilities. A free outpatient pre-hospital care service is also available for the western and southern provinces of the country. Moreover, Sri Lanka is also well positioned in terms of international travel with renowned international airlines operating daily flights in and out of the country.


What are the best investment options in Sri Lanka? ›

Investment Opportunities available in Sri Lanka
  • i. ...
  • ii IT – BPO and KPO, Software Development, IT training Institutes, Emerging tech.
  • iii Tourism & Leisure – Agro/Eco Tourism, Adventure/ Thrill tourism, Luxury Hotels, MICE tourism.
  • iv Agriculture & Food Processing – Rubber, Agri/ processed food, Fisheries.

Where to invest money to get good returns in Sri Lanka? ›

The money market fund will predominantly invest in short-term (12 months or less) fixed income securities such as:
  • Government bonds.
  • Treasury bills.
  • Bankers' acceptances.
  • Commercial papers.
  • Securitized trust certificates.
  • Fixed deposits.
  • Repos and reverse repos.

Is it safe to invest in Sri Lanka? ›

Resilient Indian investors

“The standard of living in Sri Lanka is very good. Citizens have an admirable civic sense, it is a very safe country,” says Umesh Gautam, CEO, Lanka Ashok Leyland, one of the oldest Indian investments in Sri Lanka.

Who is the biggest investor in Sri Lanka? ›

China is the largest investor in Sri Lanka today, with funding and investment of nearly $15 billion.

Which are the three most popular investments? ›

The three most common kinds of investments
  • Bonds. A bond is essentially a loan you give to a government or company. And just like any other loan, it accrues interest over time. ...
  • Stocks. A stock is a stake in a company. ...
  • Mutual funds. A mutual fund is a collection of stocks and bonds overseen by an investment specialist.
Mar 20, 2017

Can a foreigner buy a property in Sri Lanka? ›

What are the rules and regulations for expats and foreigners buying and renting property in Sri Lanka ? Foreigners can buy apartments / condominiums from ground level up, however lands cannot be purchased on freehold and can only be leased up to 99 years.

Which is the best money market fund in Sri Lanka? ›

We are pleased to inform you that our Money Market fund formally known as the Ceylon Money Market Fund, emerged as the Top-performing Money Market Fund in Sri Lanka as at 31st Dec 2021.

How can a foreigner invest in Sri Lanka? ›

Direct Investment

Approval is required from the Board of Investment (BOI) prior to the establishment of a foreign business venture in Sri Lanka. The BOI is an autonomous agency and is the primary government body responsible for foreign investment.

Which investment generally pays the highest return? ›

The U.S. stock market is considered to offer the highest investment returns over time. Higher returns, however, come with higher risk. Stock prices typically are more volatile than bond prices.

Can I keep dollars in Sri Lanka? ›

Persons in Sri Lanka may retain in his possession foreign currency notes up to USD 10,000 or its equivalent in other foreign currencies, for any period, by such foreign currency received as remuneration from a person resident outside Sri Lanka or purchase from an authorized entity to travel purpose or withdrawn from ...

Can Sri Lankans invest in US stock market? ›

Can I Buy US Shares from Sri Lanka? Many Sri Lankans asked if it is possible to invest in US stocks as non-US citizens. Stocks and bonds are regulated by US law, yet, you do not have to be a US citizen to trade in the US stock market; in other words, you may buy US shares being a citizen of Sri Lanka.

What is the best income in Sri Lanka? ›

The best paid positions in Sri Lanka
  • Head of the Legal Department Management. ...
  • Judge Law & Legislation. ...
  • Pilot Transport, Haulage, Logistics. ...
  • IC Design Engineer Information Technology. ...
  • Marketing Director Top Management. ...
  • Finance Manager Management. ...
  • DevOps Engineer Information Technology. ...
  • Technical Director Top Management.

Who is the richest Sri Lankan? ›

Dhammika Perera MP

Why Sri Lanka is important to USA? ›

The United States is Sri Lanka's largest export market and accounts for nearly $3 billion of the $11.7 billion of goods Sri Lanka exports annually. U.S. goods imports from Sri Lanka totaled $2.7 billion in 2018, down 6.4 percent from 2017.

What is the #1 safest investment? ›

What are the safest types of investments? U.S. Treasury securities, money market mutual funds and high-yield savings accounts are considered by most experts to be the safest types of investments available.

What is the safest investment with highest return? ›

High-quality bonds and fixed-indexed annuities are often considered the safest investments with the highest returns. However, there are many different types of bond funds and annuities, each with risks and rewards. For example, government bonds are generally more stable than corporate bonds based on past performance.

How much cash can a foreigner bring to Sri Lanka? ›

Currency Regulations

Visitors to Sri Lanka bringing in excess of US$ 10,000 should declare the amount to the Customs. All unspent monies, which were converted from foreign currencies declared on arrival, can be re-converted to original currency. You are required to produce encashment receipts or payment bills.

How much does it cost to build a house in Sri Lanka? ›

The average cost per square foot to build a Basic house is between Rs. 12,000/= to Rs. 14,000/= as of August 2022, while it'll cost around Rs. 20,000 per square foot upwards for a house with luxury fittings and mod-cons.

How many acres of land can a person own in Sri Lanka? ›

Land Reform Laws (1972 and 1975) – places a land ceiling on private ownership (50 acres or 25 acres for paddy), and nationalised land estates. This has allowed government access to 1 million hectares of land, although due to mismanagement less than 10% has been redistributed to landless persons [12].

How can I invest in Sri Lanka? ›

Open a Brokerage Account – The first step in investing in the Sri Lankan Stock Market is to open a brokerage account with a broker or financial institution that is registered with the Colombo Stock Exchange (CSE). You can open an account online or in person with a broker.

Why invest in Sri Lanka? ›

Today, Sri Lanka is ranked as the most liberalized economy in South Asia. Investors are provided with preferential tax rates, constitutional guarantees on investment agreements, exemptions from exchange control and 100% repatriation of profits.

Where is money best invested? ›

Mutual funds and exchange-traded funds are two affordable ways to diversify and invest in bundles of stocks or bonds. Government and corporate bonds can provide a source of income and cushion stock market volatility. High-yield savings accounts, CDs and money market funds offer ways to offset the effects of inflation.

Can a foreigner open a bank account in Sri Lanka? ›

NRRAs may be opened and maintained in the form of Savings or Current (without overdrawing facility) or Term Deposit account, in Sri Lanka rupees. b. NRRAs shall be held as a sole account and NRRAs maintained by emigrants may be held as joint accounts with another emigrant.

Does Sri Lanka tax foreign income? ›

Resident individuals are subject to income tax on their worldwide income. Non-resident individuals are taxed only on their Sri Lanka-sourced income.

Can foreigners retire in Sri Lanka? ›


Depending on your retirement plan you can either apply for a 3 month tourist visa at the Sri Lankan Embassy in your home country or go straight for the 12 month retirement visa. A Tourist Visa is suitable for people who want to send only few months in the sun over the winter.

Where to invest $25,000 in 2023? ›

What are the best types of investments of 2023?
  • High Yield Savings Accounts. ...
  • Short-Term Certificates of Deposits. ...
  • Short-Term Government Bonds Funds. ...
  • S&P 500 Index Funds. ...
  • Dividend Stock Funds. ...
  • Real Estate & REITs. ...
  • Cryptocurrency.

What investments are high risk? ›

While the product names and descriptions can often change, examples of high-risk investments include:
  • Cryptoassets (also known as cryptos)
  • Mini-bonds (sometimes called high interest return bonds)
  • Land banking.
  • Contracts for Difference (CFDs)

Where is the safest place to put your retirement money? ›

Most of our experts agree that one of the safest places to keep your money is in a savings account insured by the Federal Deposit Insurance Corporation (FDIC). “High-yield savings accounts are an excellent option for those looking to keep their retirement savings safe.

What is the most profitable business in Sri Lanka? ›

Top 10 companies in Sri Lanka by revenue for June 2023
  1. No.1. MAS. Textiles & Apparel, Consumer Goods, Manufacturing. ...
  2. No.2. Brandix Lanka. Textiles & Apparel, Consumer Goods, Manufacturing. ...
  3. No.3. Hirdaramani Apparel. ...
  4. No.4. Arpico. ...
  5. No.5. Hela Clothing. ...
  6. No.6. BPPL Holdings. ...
  7. No.7. Public Bank. ...
  8. No.8. John Keells Holdings.

What is the fastest growing business in Sri Lanka? ›

Pharmaceutical Industry: The pharmaceutical market is a fast growing industry in Sri Lanka and worth about Rs. 50 Billion. Approximately 70% of that market share is held by the private sector while the remaining market share is held by public sector institutions.

What products are in high demand in Sri Lanka? ›

  • Ceylon Tea. Tea. ...
  • Rubber & Rubber Based Products. Rubber & Rubber Based Products. ...
  • Coconut & Coconut based Products. Coconut & Coconut based Products. ...
  • Apparel & Textiles. Apparel & Textiles. ...
  • Spices, Essential Oils & Oleoresins. Spices, Essential Oils & Oleoresins. ...
  • Food, Feed & Beverages. Food, Feed & Beverages. ...
  • ICT. ...
  • Wellness Tourism.

How much money do you need to live comfortably in Sri Lanka? ›

A family of four estimated monthly costs are 1,595.5$ (491,481.3Rs) without rent. A single person estimated monthly costs are 448.2$ (138,054.5Rs) without rent. Cost of living in Sri Lanka is, on average, 54.5% lower than in United States. Rent in Sri Lanka is, on average, 86.0% lower than in United States.

What is upper middle class income in Sri Lanka? ›

Sri Lanka achieved 'Upper Middle Income Country' (UMIC) status in July 2019, as the country's Gross National Income (GNI) increased from USD 3,840 per capita in 2018 to USD 4,060 per capita in 2019. World Bank's (WB) new threshold for UMICs is USD 3,996 – USD 12,375 GNI per capita.

How many millionaires live in Sri Lanka? ›

In 2016, there were five thousand millionaires in Sri Lanka. This figure was estimated to reach 13 thousand by 2026. In comparison, the country had 80 ultra high net worth individuals (UHNWI) and 10 centa-millionaires in that year.

Which fund gives highest return? ›

1. SBI Small Cap Fund Direct-Growth. The SBI small-cap fund has an AUM of INR 9,620.21 cr and an expense ratio of 0.84% as of the 16th of August 2021, with a Net Asset Value (NAV) of INR 102.68. Due to the fund's exceptionally high risk, the minimum SIP is INR 500.


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