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Home > Laws & Regulations
The Colombo Port City Economic Commission (CPCEC) offers a comprehensive regulatory framework with built-in investor protection mechanisms to facilitate secure and streamlined business operations within Port City Colombo.
The Colombo Port City Economic Commission Act was enacted in 2021 to establish a government-regulated Special Economic Zone (SEZ) for large-scale infrastructure development and business investments. According to the Act, the Colombo Port City Economic Commission (CPCEC) is responsible for creating an investor-friendly environment supported by comprehensive legal protection mechanisms and efficient business processes.
CPCEC serves as the ‘Single Window Investment Facilitator’, streamlining business operations and granting licences and other approvals in and around PCC. The regulatory body also provides attractive fiscal benefits to Businesses of Strategic Importance (BSI) and oversees land and property development investments within PCC.
An Authorised Person (AP) licence permits you to engage in business in the Port City Colombo Area of Authority. The AP Regulations in the Colombo Port City Economic Commission Act No.11 of 2021 provide information on obtaining AP licences, licence fees, renewals, and more.
Local and international companies can register as offshore companies and engage in business at Port City Colombo, with access to long-term tax benefits and comprehensive legal protection. Refer to the Offshore Regulations published under the Act for business registration processes and supporting documents.
Authorised Persons (APs) may need to make payments for applications, annual renewals, and licences according to the Fees Regulations for APs. Making full payments on time can help APs enjoy smooth and streamlined business operations at Port City Colombo.
The Development Control Regulations (DCR) establish environment-friendly best practices for planning and developing new constructions and using land sustainably. The DCR offers incentives to developers who improve landscaping and meet green design principles.
Authorised Persons (APs) engaged in Duty-Free Operations in Businesses of Strategic Importance (BSI) can benefit from a wide variety of tax exemptions and other fiscal incentives.
APs engaged in business in Port City Colombo may need to adhere to a set of regulations related to paying dividends, transferring leases, remitting in foreign currencies, and more. For more information, take a look at the Regulations for AP’s Engaged in Business published under the Act.
Businesses registering as Primary or Secondary Businesses of Strategic Importance (BSIs) at Port City Colombo can enjoy long-term tax exemptions and enhanced capital allowances. For more information on fiscal benefits and eligibility criteria, please refer to the BSI Regulations.
The Foreign Exchange Regulations grant you permission to make investments or fund existing ventures at Port City Colombo. Take a look at the Foreign Exchange Regulations for more information on the types of investment accounts available and eligibility requirements.