Sri Lanka
Locations
The ‚Pearl of the Indian Ocean‘ and the largest exporter of tea welcomes
new companies and entrepreneurs with fresh ideas. How not to worry about
investing your capital in Sri Lanka? We can help you with this in Sri Lanka.
Start a company in Sri Lanka! Doing business and living in Sri Lanka provides
opportunities for expansion. Sri Lanka is an ideal gateway to India.
Doing business in Sri Lanka
- Limitation of foreign-owned company shares. 49Â % in banking, 40Â % in
construction.
- Important! If someone tells you that they can start your company in two
days. Don't trust him. When you add up all the necessary procedures, it takes
2–4 weeks.
- One of the advantages is the minimum initial capital requirements.
- Sri Lanka has signed many double taxation treaties which is a
welcome bonus,
- Be prepared for some paperwork – annual reports and audit.
- Different types of companies have different conditions.
- It is possible to obtain offshore status for your company if your business
is conducted outside Sri Lanka.
- New opportunities and trends for investors.
- Sri Lankan laws are based on British laws.
Investment, business and business opportunities in Sri Lanka
Sri Lanka is an island like no other. AÂ small island that provides many
opportunities for entertainment and business – from white beaches, tea
plantations, golf courses, waterfalls and wild rivers to safaris. The kindness
of the locals will transport you to another dimension. This environment is one
of the many great places in the India region to start a business or for
transformational outsourcing.
The incredible economic boom attracts not only tourists, but above all
investors. Sri Lanka is blooming and it's up to you if you want to be a part
of it.
With the beneficial treaties signed between Sri Lanka and India, Sri Lanka is
the best gateway to India.
We will help you establish a company in Sri Lanka
ZENRON Sri Lanka has its own international team, you can communicate with us
in Sri Lanka in English, Czech, Russian, as well as Tamil and Sinhalese. With a
certified network of contacts, you can be sure that ideas will continue to flow
in the same direction according to European standards
Zenron will provide you
- Studies and analysis for entering the Sri Lankan market.
- Risk assessment – strengths, weaknesses, opportunities and threats to
your business in Sri Lanka.
- Verified partner in Sri Lanka.
- Protection of your investments in Sri Lanka.
- Proposal of tax and legal structures, profit repatriation.
- Negotiating with entities in Sri Lanka.
- Investment opportunities – joint-venture cooperation, partnership in
Sri Lanka
- JOINT DEVELOPMENT Sri Lanka
- Management Consulting Sri Lanka
- Legal and tax services
- Company Formation – Pvt. Ltd. , BOI, processing resident status, opening
bank accounts in Sri Lanka.
Company Incorporation Process
- Incorporation of Company in Sri Lanka Pvt. Ltd. – Private Limited
Company
- Proposal and approval of company name in Sri Lanka
- Submission of draft articles of association in Sri Lanka
- After incorporation, you will receive the approved articles of association
together with the registration certificate
Basic information
- Type of legal entity: LLC
- Establishment time: 6Â weeks
- Number of shareholders: minimum 1, can be any nationality
- Shareholders: members can be FO or business entities
- Share capital: not defined
- Shares on bearer: not allowed
- Registered address is mandatory, but does not have to be physical
- AÂ company secretary is required
- Directors: minimum 1, maximum not defined
- Resident position of the director: the director need not be resident in
Sri Lanka
Taxation
- Corporate income tax 28Â %
- Branch tax rate 28Â %
- Dividends 10Â %
- Interest 10/15 %
- License fees 15Â %
- Net operating losses can be carried against income
- The state VAT rate is 12Â %
- Double taxation agreements with various countries were applied, determining
tax rates on dividends, interest and royalties
- Billing and preparation of accounts is required
- Audit is required
- Anonymity and privacy. Information about directors (administrators) and
shareholders is open in the commercial register.
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