Sri Lanka Limited Liability Company (LLC)
- It is required to appoint at least one director and two shareholders of any nationality. Similarly, no minimum share capital is required. The Owner has to appoint a secretary, who must reside in the country. A registered address is also required to complete the setup.
Sri Lanka Public Limited Company (PLC) Trading Trust
- For the incorporation of a PLC in Sri Lanka, there is no need for minimum share capital. Also, the owner needs to appoint two shareholders and two directors of any nationality. Once the incorporation is completed, the Director must file annual returns and submit audited annual accounts and financial statements.
Sri Lanka Branch Office
- This entity in Sri Lanka can be 100% foreign owned and the scope of the operation is defined by the parent company. The branch office must have a corporate bank account and an independent management team registered with the local administration. In addition to standard taxes, the parent company is also subject to a 10% branch tax levied on profits transferred abroad.
Sri Lanka representative office
- A foreign company can open a representative company in Sri Lanka, but is not be allowed to conduct productive operations or direct sales within the country. It can be foreign owned 100%, and a resident secretary has to be appointed. It must have a registered local address and a local corporate bank account.