Event Details
The American Chamber of Commerce in Singapore (AmCham Singapore) and Port City Colombo are delighted to host a briefing on Port City Colombo (PCC), Sri Lanka's first foreign currency designated Special Economic Zone.
Special economic zones are continuing to grow in the region as a way to accelerate international trade and foreign direct investment to drive economic development. PCC is dedicated to the exports of modern services and offers a revolutionary incentive program: a 25-year tax exemption for "Businesses of Strategic Importance (BSI)" which eliminates corporate income tax, value-added tax (VAT), withholding tax (WHT), dividend tax, and custom duties as well as other border tariffs. Personal income tax for employees employed at PCC is also exempted.
During the session, you will learn about:
- The positioning of PCC as a technology and innovation hub in the region, based on a collaborative model with similar ecosystems in Southeast Asia and globally
- Key industry verticals that could take advantage of such incentives including trade & logistics services, technology services, business process outsourcing and management, knowledge process outsourcing, distributional hub concepts, and R&D centers (i.e. bio pharma, banking, financial services, insurance, fintech, artificial intelligence & machine learning, shipping & logistics, agritech labs)
- An overview of the legal and regulatory framework
- Trade and Investment opportunities at Port City Colombo
*The session will end with networking over light refreshments and wine/beer.
*Seats are limited, so will be based on a first come first serve basis.
Please note the following details:
- The event is held under the Chatham House Rule https://www.chathamhouse.org/about-us/chatham-house-rule
- Images from the event may be used for AmCham Singapore's post-event information, marketing and promotional purposes.
- The personal information provided to us will only be used for event registration and administration.
By registering for this event, you agree and consent to the above.
* For any enquires please contact the AmCham Programming and Events Team at pe@amcham.com.sg.