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Doing business in Sri lanka

   On January 29, 2015 by ADMIN








  • The process of setting up a business in Sri Lanka is simple and take only a few days.

  • A Company Formation take about 4-5 days from submission of application.

  • There are permitted areas where foreigners could own 100% of the equity a company and there are some other areas where foreigners could hold upto 49%.

  • There are restrictions on the ownership of land by foreigners or companies in which the foreigners own over 49% of equity. There are a few exemptions. However, foreigners can lease land upto 99 years.

  • There is a special vehicle – a “one stop shop” Board of Investment of Sri Lanka where Foreigners can get the necessary approvals to set up a business establishment which include duty free project related imports & tax concessions under the tax laws.

  • Visit the following web pages to get a comprehensive insight on doing business in Sri Lanka.

  • A Step by Step Guide to Doing Business in Sri Lanka – Issued by the Central Bank of Sri lanka.

www.cbsl.gov.lk/pics_n_docs/10_pub/_docs/pa/other/dbsl.pdf

Board of Investment of Sri Lanka – The one stop shop for Sri Lankan & Foreign Investors. www.investsrilanka.com
Inland Revenue Act, No.18 of 2013 & ]Inland Revenue (Amendment) Act, No.08 of 2014 www.ird.gov.lk/en/publications
Value Added Tax (VAT) www.ird.gov.lk/…/Type%20of%20Taxes
Economic Service Charge (ESC) www.ird.gov.lk/en
Nation Building Tax(NBT) www.ird.gov.lk
Sri Lanka Customs Laws & Regulations – www.customs.gov.lk/bpulaw.html
Contact us for any further information or clarifications : info@eco.lk




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