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21November2024

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INVESTMENT

INVESTMENT

Sri Lanka is strategically located at the crossroads of major shipping routes to South Asia, the Far East, and the continents of Europe and America. Home to one of the Top 25 Container Ports in the World, the country is a key port of call for shipping lines and airfreight services. Further, Sri Lanka’s proximity to the Indian sub-continent positions the country as a gateway to a market of 1.9 billion people in South Asia alone. These factors combined, generate keen interest for Sri Lanka as a preferred investment destination in the region.

Please visit https://investsrilanka.com/ for more details about investment opportunities in Sri Lanka.

Mega Investment Project: Port City Colombo

Port City Colombo is a brand-new city development built as an extension of the Central Business District of Sri Lanka’s vibrant commercial capital, Colombo. Spanning 269 hectares of reclaimed land from the sea, Port City Colombo will be a premier residential, retail and business destination, offering unmatched planned city living along the warm waters of the Indian Ocean. The development comprises 5 different precincts including the Financial District, Central Park Living, Island Living, The Marina and the International Island.

Please visithttps://www.portcitycolombo.lk/for more details about this ready-to-invest project.

Bilateral Relations between Sri Lanka & Belgium in Investments

Sri Lanka and Belgium has been enjoying a cordial trade relation for many years. This relationship has been instrumental in attracting many Belgian investors to Sri Lanka since the 1970’s. The government has relaxed and simplified foreign exchange regulations to attract more foreign investments while expanding opportunities for both local and foreign entrepreneurs and business establishments to invest in Sri Lanka.

Sri Lanka has signed an Investment Protection Agreement and an Avoidance of Double Taxation Agreement with Belgium.

Current Investments from Belgium

According to the Board of Investment of Sri Lanka, the total FDIs generated by investments received from Belgian companies in Sri Lanka up to the quarter three of year 2023 was US$ 152.1 million. Belgian companies have invested in Sri Lanka in diversified areas such as diamond cutting, manufacturing of jewellery, rubber-based products, coir products, food processing, IT, and tobacco processing.

Belgian Companies operating in Sri Lanka under the Board of Investment of Sri Lanka (BOI):

 

Name of the Company

Business Activity

1

BAFF Polymech (Pvt) Ltd

Rubber, polyurethane & polymer products & boats & sails

2

Samtessi Brush Manf. (Pvt) Ltd

Coir brush/broom, Coconut fiber

3

Lydie's Diamonds (Pvt) Ltd

Cutting and polishing diamonds

4

Aexis Medical Lanka (Pvt) Ltd

Software

5

Brooky Diamond (Pvt) Ltd

Processing of diamonds

6

H.J.S. Condiments Ltd

Fruits and vegetable processing

7

United Tobacco Proc. (Pvt) Ltd

Tobacco processing, and manufacture of cigars

8

G L Yachting Asia (Pvt) Ltd

Ocean voyager boats

Source: Board of Investment of Sri Lanka

Target Industry Sectors for Investments

While we welcome investment in all most all areas, the following sectors have been specifically identified by the Board of Investment of Sri Lanka to promote Foreign Direct Investment from Belgium.

The sectors were identified on the basis of comparative and competitive advantages available, the need to promote the diversification of the export sector through backward linkages, high technology and value addition.

Ready to Invest Opportunities identified by BOI for Belgian Companies

  •  Manufacturing

    • Automotive components

    • Apparel & Textile

    •  Rubber based products/automotive components

    •  Electronic & Electrical components

    • Gem & Jewellery

    • Cosmetics & perfumes

    • Pharmaceuticals

  • Information Communication Technology (ICT) & IT Enables Services

    • BPO & KPO

    • Software development

    •  IT training institutes

    •  New technologies

  • Agriculture

    •  Food Processing / manufacturing of confectioneries

    •  Agro-processing

    •  Aquaculture 

  • Tourism and hospitality

    • Luxury Hotels

    • Recreational activities (theme parks)

    • Adventure/ thrill tourism

    • Agro/Eco tourism

    • MICE Tourism

  • Infrastructure/ Construction projects

 

Links for Useful Trade, Investment & Tourism related Organizations in Sri Lanka:

Name of the Institute

Official Website

Department of Commerce

http://www.doc.gov.lk

Sri Lanka Customs

http://www.customs.gov.lk

Department of the Registrar of Companies

http://www.drc.gov.lk

Import and Export Control Department of Sri Lanka

https://www.imexport.gov.lk/                          

Inland Revenue Department of Sri Lanka

https://www.ird.gov.lk/en/sitepages/default.aspx

Department of Immigration and Emigration of Sri Lanka

https://www.immigration.gov.lk/index_e.php

Central Bank of Sri Lanka

http://www.cbsl.gov.lk

Board of Investment of Sri Lanka

http://www.investsrilanka.com

Sri Lanka Export Development Board

http://www.srilankabusiness.com

Sri Lanka Tea Board          

http://www.pureceylontea.com

Colombo Stock Exchange

https://www.cse.lk/home/market

Sri Lanka Standard Institute

http://www.slsi.lk

National Plant Quarantine Service Office of Sri Lanka

https://doa.gov.lk/npqs-home-en/

Sri Lanka Gems and Jewellery Authority

https://www.slgja.org

Coconut Development Authority of Sri Lanka

https://cda.gov.lk/

Sri Lanka Ports Authority

https://www.slpa.lk/

Civil Aviation Authority of Sri Lanka

https://www.caa.lk/en/

Spices & Allied Products Marketing Board of Sri Lanka

https://spicelk.com/

Federation of Chambers of Commerce and Industry of Sri Lanka

https://www.fccisl.lk/

The Ceylon Chamber of Commerce

https://www.chamber.lk

National Chamber of Commerce

http://www.nationalchamber.lk

National Chamber of Exporters of Sri Lanka

http://www.nce.lk/

Women’s Chamber of Industry and Commerce

http://www.wcicsl.lk/

Chamber of Young Lankan Entrepreneurs (COYLE)

http://coyle.lk/

Chamber of Construction Industry of Sri Lanka

https://www.ccisrilanka.org/

European Chamber of Commerce of Sri Lanka

http://www.eccsl.com/

American Chamber of Commerce (AmCham) Sri Lanka 

http://www.amcham.lk/

International Chamber of Commerce (ICC) of Sri Lanka

https://iccsrilanka.com/

Joint Apparel Association Forum Sri Lanka

http://www.srilankaapparel.com

Sri Lanka Apparel Exporters Association

http://www.srilanka-apparel.com

Sri Lanka Food Processors Association

http://www.slfpa.org/

Lanka Fruit & Vegetable Producers, Processors & Exporters Association

https://www.lankafruit.org/contact/

Exporters Association of Sri Lanka

http://www.exporterssrilanka.net/

Seafood Exporters’ Association of Sri Lanka (SEASL)

http://www.seasl.lk/

Spice Council of Sri Lanka

https://srilankanspices.com/

Information Communication Technology Agency of Sri Lanka

https://www.icta.lk/

Sri Lanka Association for Software Services Companies

https://slasscom.lk/

FINTECH Association of Sri Lanka

https://srilankafintech.org/

Sri Lanka Association of Manufacturers and Exporters of Rubber Products

https://www.slamerp.lk/

National Construction Association of Sri Lanka

https://www.ncasl.lk/

Colombo Tea Traders' Association

https://ctta.lk/

Tea Exporters Association Sri Lanka

https://teasrilanka.org/aboutus.php

Sri Lanka Logistics & Freight Forwarders Association

https://www.slffa.com/

Sri Lanka Shippers' Council

https://www.shipperscouncil.lk/

Ceylon Association of Shipping Agents

https://www.casa.lk/

Ceylon Shipping Corporation

https://www.cscl.lk/

Sri Lanka Tourism Development Authority

https://www.sltda.gov.lk/en

Sri Lanka Tourism Promotion Bureau

https://www.srilanka.travel/

Sri Lanka Convention Bureau

https://meetinsrilanka.com/

Sri Lanka Institute of Tourism & Hotel Management

https://www.slithm.edu.lk/

Sri Lanka Airport & Aviation Services

https://www.airport.lk/

Sri Lanka Association of Inbound Tour Operators

https://www.slaito.com/

Hotels Association of Sri Lanka

https://www.thasl.lk/

Association of Small and Medium Enterprise in Tourism in Sri Lanka

https://www.asmetsrilanka.com/

Sri Lanka Ecotourism Foundation

https://www.srilankaecotourism.org/

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tour

TOURISM

TOURISM

Sri Lanka at a Glance

Set in the Indian Ocean in South Asia, the tropical island nation of Sri Lanka has a history dating back to the birth of time.  It is a place where the original soul of Buddhism still flourishes and where nature’s beauty remains abundant and unspoilt.

Few places in the world can offer the traveller such a remarkable combination of stunning landscapes, pristine beaches, captivating cultural heritage and unique experiences within such a compact location.  Within a mere area of  65,610 kilometres lie 8 UNESCO World Heritage Sites, 1,330 kilometres of coastline - much of it pristine beach - 15 national parks showcasing an abundance of wildlife, nearly 500,000 acres of lush tea estates, 250 acres of botanical gardens, 350 waterfalls, 25,000 water bodies, to a culture that extends back to over 2,500 years.

This is an island of magical proportions, once known as Serendib, Taprobane, the Pearl of the Indian Ocean, and Ceylon.

Sri Lanka is a land of staggering contrast and spectacular beauty due to its compactness. Along the coast, visitors can explore amazing beaches, safari tours, guided walks through ancient cities, experience the culture and bit of modern Sri Lanka. We welcome you to find your unique Sri Lankan travel experience.

Referhttps://www.srilanka.travel/attractionsfor more details.

Refer https://www.srilanka.travel/for more details.

Tourist Map of Sri Lanka

A comprehensive map of Sri Lanka’s road systems, historical and religious sites, forests and Wildlife sanctuaries, harbors and diving sites, a guide to explore the country, find your way around or guide to simply to get lost amidst the splendor and beauty of the country.

Click https://www.srilanka.travel/catalog/view/theme/default/template/information/srilankamap.php to Download the Tourist Map of Sri Lanka.

map-new

 

Tourist Arrival from Belgium and Luxembourg to Sri Lanka

Sri Lanka has become one of the popular long-haul travel destinations among Belgians and Luxembourg travellers. Many Belgian and Luxembourg tour operators have re-introduced Sri Lanka in their travel packages. Also, Brussels & Colombo are now connected through a number of airlines – Qatar Airways, Emirates, Etihad via Middle East and Turkish Airlines via Istanbul. They could fly through Sri Lankan Airlines via London and Frankfurt. On the other hand, Sri Lanka has a diverse array of tourism segments that align with the preferences of travellers from Belgium and Luxembourg.

Year

No. Tourist Arrival from World

No. Tourist Arrival from Belgium

No. Tourist Arrival from Luxembourg

2018

2,333,796

17,519

867

2019

1,913,702

14,948

761

2020

507,704

3,371

138

2021

194,495

1,128

80

2022

719,978

6,164

233

2023

1,487,303

10,667

539

2024

(Jan-Sep)

1,484,808

13,645

590

Source: Sri Lanka Tourism Development Authority

graph1

graph2

Links for Tourism related organizations in Sri Lanka:

Sri Lanka Tourism Development Authority

https://www.sltda.gov.lk/en

Sri Lanka Tourism Promotion Bureau

https://www.srilanka.travel/

Sri Lanka Convention Bureau

https://meetinsrilanka.com/

Sri Lanka Institute of Tourism & Hotel Management

https://www.slithm.edu.lk/

Sri Lanka Airport & Aviation Services

https://www.airport.lk/

Sri Lanka Association of Inbound Tour Operators

https://www.slaito.com/

Hotels Association of Sri Lanka

https://www.thasl.lk/

Association of Small and Medium Enterprise in Tourism in Sri Lanka

https://www.asmetsrilanka.com/

Sri Lanka Ecotourism Foundation

https://www.srilankaecotourism.org/

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Dual Citizenship

1.    Application

General information can be obtained from the link below;

http://www.immigration.gov.lk/web/index.php?option=com_content&view=article&id=299&Itemid=214&lang=en

Application form can be obtained by the link below;

http://www.immigration.gov.lk/web/images/stories/pdf/form/dual/dual_application.pdf

2.    Certifying required documents

 

Copies of all documents required for the application need to be certified by the Embassy. Applicants must bring the originals when visiting the Embassy to obtain certification.

3.    Submitting the application

Applicants could submit the completed application to the Embassy for transmission to the Department of Immigration and Emigration of Sri Lanka. Thereafter, applicants could track the progress of their application on the online system from the following link;

 

http://203.81.100.94:8080/DualCitVisaStatus/index.faces

4.    Approval of application

 

If the application is approved the Citizenship Division of the Department of Immigration will contact the applicant directly by email or letter and indicate by which date the applicable fee should be paid. All payments are made directly to the Department of Immigration and Emigration of Sri Lanka.

5.    Dual Citizenship Award Ceremony

 

At present Dual Citizenship certificates are awarded in Colombo only. If successful applicants are unable to receive certificates in Colombo, they can nominate a person to receive same on their behalf by informing the Department of Immigration in writing. (Nominations forms will be received via email or contact the immigration for further information)

6.    Visiting Sri Lanka after obtaining Dual Citizenship

 

If you travel to Sri Lanka after obtaining the Dual Citizenship using your Belgium/Luxembourg Passport, you should provide a copy of the Dual Citizenship Certificate with your Belgium/Luxembourg passport at the Immigration counter at Colombo Airport in order to enter  Sri Lanka without visa.

 

Alternatively, you could obtain a separate Sri Lanka Passport. However, you should ensure that the Embassy makes an endorsement in the Passport stating that ”HOLDER IS A DUAL CITIZEN”. If the applicant already has a Sri Lanka Passport, they should obtain from the Embassy an endorsement in the passport stating that they are Dual Citizens. The original Dual Citizenship Certificate should be provided when visiting the Embassy for endorsement.

 

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Revised Visa fees

Embassy of Sri Lanka in Brussels, Belgium 
Revised Visa Charges w.e.f. 04.07.2024
       
No. Visa Category Revised Visa Fees w.e.f. 04.07.2024
USD ($) Euro (€)
1 Tourist Visa with Single Entry for 30 Days                                   50                                   48
2 Tourist Visa with Double Entry for 6 months with 60 days stay limit                                   75                                   72
3 Tourist Visa with Multiple Entry for 1 Year with 90 days stay limit                                 200                                 192
4 Tourist Visa with Multiple Entry for 2 Years with 180 days stay limit                                 300                                 288
5 Tourist Visa with Multiple Entry for 5 Years with 180 days stay limit                                 500                                 480
6 Tourist Visa with Multiple Entry for 10 Years with 180 days stay limit                              1,000                                 959
7 Business Visa with Double Entry for 6 months with 60 days stay limit                                   75                                   72
8 Business Visa with Multiple Entry for 1 Year with 90 days stay limit                                 200                                 192
9 Business Visa with Multiple Entry for 2 Years with 180 days stay limit                                 300                                 288
10 Business Visa with Multiple Entry for 5 Years with 180 days stay limit                                 500                                 480
11 Business Visa with Multiple Entry for 10 Years with 180 days stay limit                              1,000                                 959
13 Transit Visa with for 4 Days                                   25                                   24
14 Entry Visa                                   55                                   53
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Press Releases

         

        sri lanka

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