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Business Registering Process in Sri Lanka
ByEconUSJThere are mainly three types of business registrations namely sole proprietorship, partnership, and private limited company. Procedures for registration process of each type of business as follows, /*! elementor – v3.9.0 – 06-12-2022 */ .elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px} 1. Sole proprietorship Sole proprietorship is a business organization which one person owns and…
What are the Available Options for Exporters to Finance?
ByEconUSJA number of options are available to finance the fund requirements which have focused on the exporters who face difficulties in financing the required fund. 1. SDB Samupa Saviya A financial assistance to aid in any import/export of items by the cooperation/society, these bullet loans can be obtained based on the capacity of each society…
Export Related Authorities & Institutions
ByEconUSJSri Lanka Customs Sri Lanka Customs is one of the oldest government departments in Sri Lanka which is responsible for collection of revenues and enforcement laws. The Customs are created to control and command the trade with other countries. Customs guide to maintain stable economy from the influence of foreign movements to keep safe of…
Export and Exportable products in the Sri Lanka
ByEconUSJAs a developing country, Sri Lanka must have a more concentrated strategies and effort to promote and develop its Exports sector in order to achieve economic growth in the country. Thus, primarily we have to identify about what are the products which already contributing and which can be contributed to reach the high economic growth….
Trade Documents
ByEconUSJThe documents required to the readily available export process can be categorized into 4 main tasks. Documents related to Transport, documents related to customs, documents related to insurance, and required documents. For a clear simple picture on this, you may refer following diagram. Transport Documents These documents consists of that the exporting or importing goods…
Export Process in Sri Lanka
ByEconUSJThe export process consist of few steps as follows, Step 01- Register as an exporter in Inland Revenue Department. The person who is willing to export any articles of commercial value from Sri Lanka should register as an exporter in Inland Revenue Department and Sri Lanka Customs. Step 02- Get licenses and permits from relevant…
