Sri Lanka
AI Agent Legal Status: undefined · Autonomy: undefined
Legal Framework
Sri Lanka is in an economic recovery phase following the 2022 crisis. Digital policy and AI regulation are not current priorities. Limited institutional capacity for technology governance.
Key Laws & Regulations
- ◆Electronic Transactions Act No. 19 of 2006
- ◆Computer Crime Act No. 24 of 2007
- ◆Data Protection Act (2022)
Business Formation
Private Limited Company registration through the Registrar of Companies. Foreign investment facilitated through BOI (Board of Investment).
Tax Implications
Standard CIT rate of 30%. Economic recovery measures may affect tax stability.
Opportunities
Competitive costs with English-speaking talent during economic recovery. Potential for supportive policies as the economy stabilizes.
Highlights
Educated English-speaking workforce. Data Protection Act passed in 2022 shows regulatory modernization intent.
Risks & Challenges
Ongoing economic recovery creates instability. High CIT rate. Limited digital infrastructure investment. Currency volatility.