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Sri Lanka

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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. 49 % in banking, 40 % 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. A 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: 6 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
  • A 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 28 %
  • Branch tax rate 28 %
  • Dividends 10 %
  • Interest 10/15 %
  • License fees 15 %
  • Net operating losses can be carried against income
  • The state VAT rate is 12 %
  • 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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