Engaging in Business in Colombo Port City
- Who is an Authorised Person?
- What type of business can be carried out within the Colombo Port City?
- What is needed to obtain approval as an Authorised Person?
- What documents are needed to obtain a license from the Commission to become an Authorised Person?
- Will the license be given to all those who apply?
- What are the consequences of registering as an offshore company?
- Can office space be rented within Colombo Port City?
- Until the infrastructure for business is ready where can an Authorised Person operate business?
Foreign Direct Investment
- What would qualify as foreign funds raised outside Sri Lanka?
- Can a Sri Lankan investor ever be a part of an investment within the Colombo Port City?
- Can a Sri Lankan investor pay for the lease of land in Sri Lanka rupees?
- Can Sri Lankan citizens lease residential accommodation within the Colombo Port City?
Transactions done in Sri Lanka Rupees
- Can an Authorised Person engage in business with persons outside the Colombo Port City?
- Can person/s outside the Colombo Port City provide services or goods to an Authorised Person?
- Can Sri Lankans enjoy the facilities within the Colombo Port City?
- Do Sri Lankans need foreign currency to enjoy the facilities within the Colombo Port City?
- Is the Authorised Person permitted to have rupee accounts?
Business of Strategic Importance (BSI)
- What is a ‘Business of Strategic Importance’?
- What type of tax concessions are available to a ‘Business of Strategic Importance’?
- Will an Authorised Person automatically qualify for concessions?
Colombo Port City Employment
- What concessions are available to persons employed by an Authorised Person?
- Can an Authorised Person employ a Sri Lankan resident or a non-resident?
Investing and Shareholding
- Is there a minimum Investment amount to register an Offshore company?
- Is there a minimum shareholding required?
Banking and Finance
- What are the designated foreign currencies within Colombo Port City?
- What are the permitted debits of a Colombo Port City Investment Accounts?
- Does an AP have to open a bank account in Colombo Port City to commence their business operations?
Visa Requirements
- Do Sri Lankans require a Visa to enter the Colombo Port City?
- What are the types of Colombo Port City Visas that are available for investors?
