Sri Lanka

The Island of Ingenuity

Located centrally in South Asia lies one of the region’s most innovative and dynamic IT and Business Process Management (BPM) hubs.

Sri Lanka is home to a vibrant knowledge solutions industry that boasts an international footprint, with an accelerating number of global firms that have discovered the country’s innovative prowess. The country’s rise to prominence as a global technology and BPM hub has been driven by a number of strengths such as robust and niche talent base, strong industry foundation, high value opportunities and a multi-faceted industry.

Why Sri Lanka

Why Sri Lanka

Our Strengths

  • Diverse and skilled pool of talent that is highly adaptable, innovative, and well conversant in English language
  • 85,000 professional work force which grows 20% annually
  • Less than 20% attrition rate which is much lower compared to the region
  • Cost effective operational ability with low priced real estate, wage scale and living
  • Sri Lanka’s strategic location which acts as a global logistics hub, and allows businesses to work with clients in several different time zones

Our Business Climate

  • 100% foreign ownership of business is allowed
  • Safety of foreign investments are guaranteed by the Constitution of Sri Lanka
  • No restrictions on repatriation of earnings, fees, capital
  • Sri Lanka is a founder member of the Multilateral Investment Guarantee Agency (MIGA) of the World Bank which provides a safeguard against expropriation and non-commercial risks
  • Concessionary tax rates and tax holidays are applicable for IT businesses
  • Establishing a company is now very easy with online registration
  • Affordable office spaces, business centers and co-working spaces
  • A National Export Strategy to strengthen the ICT industry and achieve USD 5 billion in ICT and BPM export revenues, create 200,000 new jobs and 1,000 startups by 2022
  • High quality living standards
  • Opportunity to live in a country renowned as one of the most attractive and diverse holiday destinations in the world


More information on the ICT/BPM industry of Sri Lanka


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Start Up Culture

Start Up Culture

The Sri Lankan startup ecosystem is presenting steady progress, with developments in areas such as
communication and IT contributing to a rapid growth in the number and scale of startups. The local
ecosystem benefits from a high rate of literacy, software and technical expertise, high-speed internet
access, affordable working spaces and both public and private sector organizations facilitating
networking and knowledge sharing platforms in the country.

One of the unique selling points of Sri Lanka is that a startup based in Sri Lanka can enter into the other
South Asian markets of Pakistan, India and Bangladesh without being subjected to any geopolitical
issues. International startups such as Oyo, Ikman and international startup brands like Startup Weekend

by TechStars, Seedstars, AngelHack venturing into Sri Lanka are positive indicators of our ecosystem’s

More Information:
Sri Lanka Startup Report 2019

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