Foreign Investment

The summary below will give you a brief outline of our legal service together with the names of our legal team handling each area. If you have any specific queries or require further information please contact us.

Escrow Services for inward and outward remittances.

Investment advice on many aspects of foreign and local investment including, facilitating and advising:

• On approval from the Central Bank of Sri Lanka;
• On approval from the Board of Investment (BOI) in Sri Lanka which is a centralized facilitation point for foreign investment;
• On specific incentives and exemptions granted by the BOI including tax holidays/preferential tax rates, exemption from customs duty and foreign exchange controls;
• On tax issues involved with foreign investment;
• On the various banking and finance issues involved with foreign investment including; Share Investment External Rupee Accounts (SIERA), Offshore Banking/FCBU Accounts, RFC/NRFC Accounts;
• On the Registration of Liaison Offices for foreign companies wishing to commence business in Sri Lanka other than through incorporation under the BOI;
• On Privatisation, Corporate Reconstructions, Joint Ventures, Mergers and Acquisitions, Due Diligence Investigations;
• On IPOs, debentures, bonds, derivatives, and other debt and equity products;
• On all aspects of Company Law;
• On incorporations through our in-house Secretarial Company Corporate Advisory Services (Pvt) Limited;
• On entry rules and procedures for obtaining visas and permits for employment and business.

 

Contact:
Michael Sproule - desaram@desaram.com
Prabash De Saram - prabash@desaram.com
Corporate Advisory Services (Pvt) Ltd
Suvendrini Dimbulana - su@desaram.com