The BOI which gives tax breaks and investment approvals had signed an agreement with Ahmed Anwar, Rector of Villa College and Chief Executive of Villa Education Services Lanka.
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In a second phase a university campus with student accommodation will be started from mid 2015, the BOI said.
The first phase of the project would involve establishment of Villa College Campus in Sri Lanka in mid-2014 and commence delivery of undergraduate and postgraduate programmes in affiliation with international partners of Villa College.
In the first phase which will start in mid-2014, Villa Education Services Lanka (Pvt) Ltd will offer course in tourism management, international business and intercultural studies, finance and engineering, working with its international affiliations.
Villa College is approved by the government of Maldives and is a member of Network for Quality Assurance Agencies in Higher Education (INQAAHE) the Asia Pacific Quality Network (APQN), the Board of Investment of Sri Lanka sai