Sri Lanka Free Zones in 2024

Sri Lanka has a network of 14 free zones, industrial parks and export promotion zones. Many multinational investors choose to set up businesses in Advantis Free Trade Zone to conduct regional and international trade.

Why set up a company in Advantis Free Trade Zone?

  • It is ideal for i) global markets and manufacturing ii) agriculture iii) transportation and logistics iv) leisure and aviation v) power and energy vi) consumer and vii) investments and services;
  • Benefits include i) no customs checks ii) cheaper than free zones in Singapore or Dubai iii) good location on international shipping routes between South East Asia, India and East Africa markets.
Advantis Free Trade Zone summary
FTZ used mostly by which industry? Refer to point 1. above
Timeline to complete company setup? 12 weeks
Relevant Free Zone Authority Advantis Free Zone Authority
Timeline to open corporate bank account 8 weeks
Quality of facilities Excellent
Can sign sales contract with Sri Lankan Clients? Yes
Can invoice Sri Lankan Clients? Yes
Corporate tax payable in Sri Lanka 14%-24%
Corporate banking option Citibank
Physical office space required? Yes
Allowed to import raw materials? Yes
Allowed to export goods? Yes
Can be wholly foreign-owned? Yes
Total engagement cost for Sri Lanka Free Zone incorporation (Year 1) US$15,000
Sample engagement invoice View invoice PDF

How Healy Consultants can help

  • Healy Consultants assists multinational Clients to set up companies in Advantis Free Trade Zone. Setting up a company takes five months on average;
  • We will assist with i) incorporating a limited liability company ii) opening a corporate bank account iii) filing a registration application with the Free Zone Authority (including preparation of a quality business plan) and iv) assisting our Client locate warehouse premises within the free zone to rent.

Contact us

For additional information on our business setup services in Sri Lanka, please contact our in-house country expert, Mr. Seth Ochieng, directly:
Director of Client Engagements - Seth
  • Mr. Seth Ochieng
  • Director of Client Engagements
  • Contact me!