The Central Bank of Sri Lanka (CBSL) had appointed a Working Committee to study and suggest new remittance channels for Sri Lanka and to make recommendations on reducing the cost of remitting money, having identified the need to introduce new and low cost remittance channels with the objective of increasing the inflows of foreign remittances while discouraging the use of informal channels.

The Working Committee comprised experienced professionals from Bank of Ceylon, People’s Bank, Sampath Bank PLC, Commercial Bank of Ceylon PLC, Hatton National Bank PLC, The Hongkong and Shanghai Banking Corporation Limited, Cargills Bank Ltd, Dialog Axiata PLC, Mobitel (Pvt) Ltd and CBSL.

The ninth edition of the series ‘A Step by Step Guide to Doing Business in Sri Lanka’ published by the Central Bank of Sri Lanka (CBSL) is now available, in English medium, for the public. This is a source document, which contains information relevant for the business community and foreign investors, and facilitates saving their time and cost in accessing such information. The booklet encompasses, in a single source, all prevailing regulations applicable for starting, operating, and closing a business enterprise in Sri Lanka and the other information useful for potential entrepreneurs.