天美麻豆

Menu
天美麻豆
Search
Magazine
Search

Foreigner and Local guy making a company together in Food Business

L
#1

Hey everyone.. I want to make a company together with a guy from Sri Lanka in food business (restaurant) He wants 20 % and I get 80 %.. One question. is this legally okay? Because I read something, that it鈥檚 only possible to make a company together when the local guy gehts 51% and I get 49%.. Anybody knows something in this topic?


Thanks in advance!

Laura

See also
O
#2

@Lora123


Dear Laura,聽 There is no such rule as lot of foreigners are investing in sri lanka, it's about how u define it legally and while registering the company name in Sri Lanka. Probably, people will do in such way to avoid probable taxes in the future.

Looking for the best job opportunities in Sri Lanka?
Contact a recruitment agency
C
#3

You can own 49% of the company and take even 90% of the profits. Ownership shares ain the Company and profit sharing is two different agreements.

Carl

天美麻豆 for your expat journey

Choose the best health insurance
Choose the best health insurance
Protect your health and get easy access to treatment for expats in Sri Lanka.
Plan your international move
Plan your international move
Facilitate your move to Sri Lanka by getting a quote from our top rated movers.
Open a bank account that suits you
Open a bank account that suits you
Discover the best international banks to manage your money securely.
Send money overseas at the best rate
Send money overseas at the best rate
For fast, safe and secure money transfers to and from Sri Lanka.
Other discussions on jobs in Sri Lanka
Ask your questionOther discussions about work in Sri Lanka