You want to start a business, but not sure whether to set up as a sole proprietorship, partnership or limited liability company? We will advise you on the best ownership structure that suits your business requirements and take care of all the registration and incorporation formalities.
That is not all; we will obtain for you any specific trade/ business licence required to commence business operations.
If you are a foreign investor looking to invest in Sri Lanka, trust us to guide you every step of the way to unlock all the investment incentives the country offers to foreign investors. We offer comprehensive foreign investor services to both portfolio (securities market) and direct investors. Our services include:
Foreign fund registration
Opening stock broker and Central Depository System (CDS) accounts
Board of Investment (BOI) approvals
Sri Lanka Tourism Development Authority (SLTDA) approval and other regulatory approvals
Guidance to avail all Government of Sri Lanka (GOSL) incentive schemes for foreign investment
Immigration and visa services
Incorporation of overseas companies
Advisory services for foreign ownership of real estate
Business is not business without the major transactions and deals; be it a buy or sell of a significant asset, a merger or acquisition, a partnership or joint venture. We understand that no one knows your business better than you; however it may not be possible or practical for you to scrutinise every aspect of a major transaction. This is why we undertake to carry out on your behalf a comprehensive due diligence of any proposed major transaction and provide you with actionable advise or recommendations.
Life is not without risk; and so is business. The daily routines may make you oblivious to the glaring risks facing your business. Fear not; we provide a broad range of risk management services.
We carry out a complete study of your business operations to identify any potential areas of risk, weaknesses in existing internal controls, and recommend the most appropriate risk mitigation strategies. – Operational Risk Management
While the above risks may seem more likely to materialise, do not get caught off guard by not preparing for that unforeseeable crisis situation, which could cripple your business. We adopt a holistic approach to disaster recovery planning and document the critical procedures to follow in the event of a disaster to recover your business operations with minimal disruption. – Disaster Recovery Planning and Crisis Management
It is not only the physical assets and operations of your business that is exposed to risk; in the face of ever changing economic factors such as interest rates, exchange rates and prices, so is the financial assets and liabilities of your business. We provide you with the best strategies to proactively manage any adverse movements in the value of these financial assets/liabilities. – Financial Risk Management.
Whether your business is regulated or your interaction with regulators is limited to a transactional basis, we offer comprehensive compliance solutions, including; compliance advice, implementation of compliance programs, and compliance audits.
Financial Sector Compliance
We specialise in financial sector regulatory compliance, which includes entities and markets regulated by the Central Bank of Sri Lanka (CBSL), Securities and Exchange Commission of Sri Lanka (SEC) and Insurance Regulatory Commission of Sri Lanka (IRC). Here is a non-exhaustive list of institutions, markets and infrastructure we cover:
Stock Brokers & Dealers
Unit Trust Managing Companies
Credit Rating Agencies
Government Securities Market
Equity and Corporate Debt Market (CSE)
Foreign Exchange Market (FOREX)
Systemically Important Payment Systems (SIPS)
Retail Payment Systems
CSE trading systems
Payment Card and Mobile Payment Systems
Credit Information (CRIB)
In the aftermath of the country being downgraded for its level of compliance with Anti-Money Laundering (AML)/Countering the Financing of Terrorism (CFT) conventions; the regulator, which is the Financial Intelligence Unit (FIU) of the Central Bank, has widened its supervisory net. Is your institution subject to AML/CFT compliance of the FIU? If so, we provide a complete AML/CFT compliance tool kit, which includes a risk based approach to identify potential AML/CFT risks, internal controls and systems, reporting procedures, systems’ audit, and the documentation of AML/CFT policies and procedures.
Registrar of Companies (ROC) Compliance
Is your business incorporated? If yes, you must comply with the companies’ laws and regulations, which are enforced by the ROC. We will assist you in all dealings with the ROC and the required documentation.
Colombo Stock Exchange (CSE) Compliance
If you are thinking of achieving the milestone of obtaining a listing on the CSE, but need a little help with the CSE’s listing and compliance requirements, we will guide you through all these requirements, including compliance with the Code of Best Practice on Corporate Governance, and Related Party Transactions.
The new Inland Revenue Act has made significant changes to the entire tax framework. We provide comprehensive tax compliance services to businesses and professionals. Our services include; tax advice and planning, registration for taxes and other formalities, tax computation and returns, and representation in dealing with the Inland Revenue Department (IRD).
The IRD is increasingly vigilant about related party transactions and transfer pricing. We provide expert guidance on compliance with these regulations.
Further, tax is no longer an entirely home affair with increasing co-operation with tax authorities in foreign countries, bi-lateral agreements and legislation having extraterritorial application, such as the Foreign Account Tax Compliance Act (FATCA) of the US. This Act compels local financial institutions to report to the IRS in the US any accounts held by their nationals. We are able to give you the best possible advice with regard to this international dimension of tax.
A new FOREX Act and regulations have been enacted changing the status quo of FOREX control. However, you should not worry too much as we have the expertise to advise you on every aspect of the new regulations that is applicable to your specific situation.
We offer the full range of legal services for your business. Our mantra is to eliminate any legal risks before they materialise. Therefore, we offer legal counselling on all aspects relating to your business, help negotiate any business deals, liaise with regulatory authorities, and draft all types of commercial agreements incorporating the maximum safeguards to protect the client’s interests.
However, in the undesired event you are faced with enforcement action by a regulator or litigation proceedings against you in a court, tribunal or other dispute resolution forum, we will provide you with full legal representation.
Are you fed up with the headhunting agencies out there, which do not understand the requirements of the job role you are seeking to fill! You do not have to fret anymore; our professionals are not generalist and understand the exact skills required for your industry. Whilst we specialise in the financial services industry, we have now branched out and source the ideal candidates for a wide range of industries. – Headhunting and Recruitment
Does your HR Department have proper grievance handling procedures? Are you unable to conduct a proper and impartial grievance/disciplinary inquiry? Have your HR practices come under the scrutiny of the regulator or labour tribunals? Do you require some expertise to formalise above HR practices? If yes, we are able to help you – Grievance Handling/ Disciplinary Inquiries
Data privacy and compliance with such laws is a big deal world over. Sri Lanka is lagging behind in this aspect; however it will have to catch up to the rest of the world in the near future.
In Europe, the General Data Protection Regulation (GDPR) has come into force, casting new obligations on businesses holding customer information. These regulations have extraterritorial application, if information of European nationals is stored outside of Europe. Therefore, these regulations become relevant to local businesses, which deal with Europe and especially any BPO companies that processes data of European nationals. We have the expertise to advice you on GDPR compliance as well as the prevailing local laws.
You maybe the local branch or office of a multinational or global company, and are required to comply with international regulations and standards, such as Anti-Trust, Anti-Bribery and Corruption, and Governance. If you are somewhat new to these standards; fear not, we will guide you.
To ensure the smooth operation of your business it is necessary to have certain things in writing such as business plans, policies and procedures. However, we understand that with your daily activities, you may not have the time to put these in writing. This is an area we excel at; from your business strategy documents to routine procedure manuals, we take care of your every business writing needs.
When times are difficult, we are there to support you. All is not lost just because you are faced with a few setbacks. In fact, with the right advice your business can bounce right back from failure.
We provide business restructuring solutions and recovery services. Sometimes, you may be face with the inevitability of liquidation; however it does not have to be a messy affair, we will assist you wind down your business in the most prudent manner. We will also assist and represent you in any court proceedings relating to the liquidation of your business.
In all of the service we provide training staff of all levels is an integral part. We have carried out numerous training sessions in the services we offer to audience members ranging from operational staff to board members. We customise corporate training programs depending on client requirements and the available resources. Our training areas include:
Operational Risk Management
Disaster Recovery and Planning
Anti-Money Laundering (AML)/Countering the Financing of Terrorism (CFT)
Data Privacy (GDPR)
International Regulations and Standards (Anti-Trust, Anti-Bribery, Corporate Governance etc.)
Whether you are a business or an individual, you just may not find the time to efficiently manage your wealth or savings. It’s hard to keep track of what investments give the best returns in a dynamic investment environment. That is why you should engage with our professionals for the best investment advice that suits your risk appetite.