Best Investment Lawyers in Colombo

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Frankmillers Law Firm
Colombo, Sri Lanka

Founded in 2005
3 people in their team
English
Frankmillers is a full-service law firm and Migration Consultant in Sri Lanka. Frankmillers is regarded as one of the prominent law firms in Colombo, Sri Lanka, with a strong institutional commitment to the highest quality legal service. The firm has catered to both the litigation and the corporate...
Dhammika Ranasinghe
Colombo, Sri Lanka

Founded in 1995
50 people in their team
Sinhala
English
Tamil
Experienced Partner with a demonstrated history of working in the legal services industry. Skilled in Securities, Corporate Law, Corporate Governance, Legal Research, Compliance and Foreign Investment. Strong entrepreneurship professional with a Attorney At Law of the Supreme Court of Sri Lanka...
F J & G de Saram
Colombo, Sri Lanka

Founded in 1841
200 people in their team
Sinhala
Tamil
English
The FirmHistoryF. J. & G. de Saram is the oldest law firm in Sri Lanka.The practice was commenced in 1841 by F. J. de Saram. Snr., the same year in which the overland emigration to California began by wagon trail. Melbourne in Australia was founded only six years before that.In Sri Lanka those...
Simon & Associates
Colombo, Sri Lanka

Founded in 2002
50 people in their team
Sinhala
English
Tamil
Simon & Associates is one of Sri Lankaโ€™s leading legal firms, providing legal counsel and corporate secretarial services to portfolio consisting of local and multinational clients.Led by Simon Senaratna who brings substantial experience in the legal and business sectors, together with Nirosha...
Altura Consultants
Colombo, Sri Lanka

Founded in 2020
25 people in their team
English
Sinhala
Tamil
We are a leading Legal Business Process Outsourcing (BPO) provider, offering comprehensive, end-to-end back-office support solutions exclusively for law firms across the United Kingdom and Australia. Our mission is simple: to help legal practices operate more efficiently, scale sustainably, and...
SSKM Attorneys

SSKM Attorneys

15 minutes Free Consultation
Colombo, Sri Lanka

Founded in 2012
15 people in their team
Sinhala
Tamil
English
SSKM Attorneys was established with the goal of delivering a modern and responsive service for a changing world. The law firm is led by a team of highly qualified, versatile lawyers with extensive knowledge and multidisciplinary experience in both international and local contexts.By working with...
C. Mathew & Co.
Colombo, Sri Lanka

Founded in 1892
200 people in their team
Sinhala
English
Tamil
About Us & Our History"Necessarily in connection with the shipping of so important a port as Colombo there is a large field for the business of ship chandlers and stevedores ; and Messrs. C. Mathew & Co., the leading local firm in this line, conduct operations on an extensive scale. This...
ATD Legal Associates

ATD Legal Associates

1 hour Free Consultation
Colombo, Sri Lanka

Founded in 1976
10 people in their team
English
Sinhala
Chinese
 Welcome to ATD Legal Associates Innovative Legal Solutions for a Digital and Global EraAt ATD Legal Associate  we specialize in navigating the complexities of modern legal landscapes. From safeguarding your intellectual property to ensuring compliance with international data privacy...
Colombo Law Alliance (CLA)
Colombo, Sri Lanka

Founded in 2012
50 people in their team
Introduction to CLAThe team at CLA brings together extensive experience and expertise in providing specialized legal services to a substantial network of clients both in the private sector and the public sector. These services are provided in connection with litigation, arbitration, negotiation of...
Continental Law AssocIates
Colombo, Sri Lanka

Founded in 2000
50 people in their team
Sinhala
English
Tamil
ABOUT USEstablished in the year 2000, we take pride in our nearly two decades long legal practice providing feasible solutions to the legal needs of clients in a multitude of areas. The firm has had hands on experience, specializing in Commercial Law, Local and International Arbitration, Civil Law...
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About Investment Law in Colombo, Sri Lanka

The investment law in Colombo, Sri Lanka is established under national legislation primarily enforced by the Board of Investment (BOI). The BOI beckons investors both local and international to partake in numerous investment opportunities within the city. Investments cover various sectors such as agriculture, tourism, manufacturing and services, among others. Laws are tailored to protect investors' rights, facilitate the foreign direct investment, and enhance the socioeconomic development of the country.

Why You May Need a Lawyer

Legal representation is crucial when navigating investment laws in Sri Lanka. Lawyers aid in understanding the legal framework, the bureaucratic process, analyzing contracts, and ensuring compliance with regulations. They also offer advice during dispute resolution, while assisting to avoid potential legal pitfalls and perils associated with investments. Legal assistance can also be beneficial when you need to negotiate with the government or other businesses, or to understand the implications of changes in investment policies and laws.

Local Laws Overview

For investments in Colombo, the principal legislation is the BOI Law No. 4 of 1978 as amended. Foreign investments are generally allowed without restrictions, however, certain sectors might require approval or specific licenses. Sri Lanka guarantees safety for foreign investments under its constitution, and has bilateral investment protection agreements with over 25 countries. A key aspect is that acquired assets cannot be nationalized or expropriated except for public purposes and with adequate compensation. Colombo, striving to create a conducive business environment, adopts a Free Trade Agreement (FTA) system with several countries to stimulate greater business activities and investments.

Frequently Asked Questions

What is the minimum investment requirement for foreign investors?

There is no general minimum investment in Colombo. However, the Board of Investment may set a minimum requirement based on the project or sector of investment.

Are there tax incentives for foreign investors?

Yes, numerous tax holidays and reductions are available under the BOI law, depending on the nature and area of the investment.

Can foreign investors own land in Sri Lanka?

Foreign investors are prohibited from owning land in Sri Lanka. However, they can lease land for up to 99 years.

What will happen to my investment if there's a change in government?

Sri Lanka guarantees the safety of foreign investments irrespective of any potential political changes.

Can I repatriate profits and dividends?

Yes, investors are allowed to repatriate all net profits and dividends after meeting local tax obligations.

Additional Resources

The Board of Investment (BOI) of Sri Lanka is a key resource for anyone interested in investing in Colombo. It provides detailed regulations, guides, and sectoral investment opportunities. Moreover, the Department of Commerce and the Ministry of Finance provide necessary guidance and information about tax and trade laws.

Next Steps

If you need legal assistance with investments in Colombo, consider contacting a lawyer who specializes in investment law in Sri Lanka. This could include law firms that have a focus on international business law, as they will have a good understanding of the local and international aspects of investment law. It's also recommended to directly contact the Board of Investment (BOI) or other governmental bodies for further advice and necessary documentation.

Lawzana helps you find the best lawyers and law firms in Colombo through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Investment, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Colombo, Sri Lanka - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.