COMMERCIAL HUBS
A Commercial Hub is a place or an area with high economic significance to a country or a city which are nowadays specializing into sectors such as financial, trade, transshipment and logistics hubs or combinations of them.
Commercial hubs have been recognized and established by an Act of parliament and regulated with extraordinary gazettes published by the government of Sri Lanka.
Commercial hub law grants privileges to certain category of commercial activities with required foreign direct investments in a freeport or in a bonded area defined under the same law.
Every such enterprise is required to operate with the Board of Investment of Sri Lanka.
Declared Freeports
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Colombo Port
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Hambantota Port
Declared Bonded Areas
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Mattala Mahinda Rajapaksa International Airport
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Mirijjawila Export Processing Zone
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Katunayake Export Processing Zone
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Koggala Export Processing Zone
Acts
Finance Act, No. 12 of 2012 – 30 Mar 2012
Finance Act, No. 12 of 2013 – 23 Apr 2013
Regulations
Extraordinary Gazette 1818/30 of 11 Jul 2013 under the Finance Act No. 12 of 2012
Extraordinary Gazette 2152/35 of 05 Dec 2019 under the Finance Act No. 12 of 2012
Extraordinary Gazette 2044/40 of 11 Sept 2019 under the Import & Export (Control) Act No. 1 of 1969
Extraordinary Gazette 2143/36 of 03 Oct 2019 under the Import & Export (Control) Act No. 1 of 1969