What We Do

Sri Lanka is becoming a very large largest MNC hub, and the reason behind it is its business-friendly environment. Sri Lanka's secure and stable trade & commerce, low tax rates, it's no red tape and bureaucracy system as well as the prestige, reliability and a sense of integrity makes it a powerful country. As a specialized provider of corporate services, we understand the various types of business or company structures available to our clients. You can rest assured our team of professionals will find you a business structure that best suits your needs. We are committed to provide the following services for the entities that suited you:

• Full assistance in completing the application which are compliant to the framework of the approving authorities.
• Prepare and file all the necessary paperwork.
• Be a first point of contact for all the clarifications and queries raised by the authorities.
• Application for the employment pass for the employees who will be relocating to Singapore.
• Assistance in opening a bank account with any of the banks in Singapore.
• Assistance in renewal of the license.
• Assistance in converting the representative office to a subsidiary or a branch office.

A company secretary plays an important role in maintaining the constant flow of secretarial and administrative tasks of a company. They should have a sound knowledge of the Companies Act of Sri Lanka and must be a company incorporated in Sri Lanka.

We, Prestige Secretaries and Consultants (Pvt) Ltd have a dedicated professionals with immense experience and who will extend personalized attention the client deserves. We will help your company through the following matters:

• Common seal safekeeping
• The Minutes and Register Books maintenance
• Drafting on standard directors minutes and resolutions
• Consultancy on secretarial, statutory, compliance, accounting, and tax matters
• Constant monitor of the company's compliance with relevant legal requirements, especially those under the Companies Act and Income Tax Act
• Preparation of Annual General Meeting minutes
• Submission of Annual Return to ROC
• Other substantial secretarial and administrative tasks

Besides setting up of new company, we do provide the service of striking off the company. We will assist you to go through the time consuming and complex procedure to strike off the company. We work with relevant government authorities to ensure the company is closed properly.

Requirement

Our team will work in hand with the Registrar Of Companies (ROC) and other relevant government authorities to ensure that the company has been closed properly. The requirements for striking off the company are:

• The company has stopped all the business activities
• No current or contingent assets or liabilities
• No outstanding tax liabilities with the Inland Revenue Authorities (IRA)
• All outstanding Income Tax Returns has been cleared
• Accounts and tax computations have been submitted
• No outstanding tax matters before closure of bank account
• VAT registration has been cancelled and there is no outstanding VAT matters
• Not involved in any court proceedings in / outside Sri Lanka
• All the debts to government authorities have been cleared
• Attachment of the written consent from the shareholders
• Attachment of finalised accounts drawn up till the date of cessation

The Liquidation, a process where the company's assets are hold and realised. The purposes of a liquidation is to ensure a fair distribution of the company's assets among creditors and contributories besides, terminating the company's existence by its eventual dissolution The reasons for a company to undergoes liquidation is due to

• All business activities are seized
• The tax liabilities are minimized or the tax advantages have been maximized for the group which the company belongs to
• Management deadlock
• Oppression
• Corporate or financial restructuring of the group to which the company belongs
• Breach of statutory provisions, including offences committed
• Company acting outside its scope of activities.

Prestige Group prides itself in providing the highest degree of client trust in accounting services which our customized accounting service are well- designed according to the client's needs. As a charted accountant, it is always our priority to fulfil the client's satisfaction in the full scale of bookkeeping service.

• Our accounting services included
• Bookkeeping
• Compilation
• Setup of Accounting System
• Auditing
• Internal control setups
• Bank and Control accounts reconciliations
• Management Accounts and Reports
• Financial Statements / Reports and analysis
• Tax consultations, computations, and compliances (return management)

Our team do help the entrepreneurs and companies to liaison with the Department of Emigration and Immigration and the relevant governing bodies to apply and process the application of the work passes and navigate Sri Lanka's immigration regulations.

We provide:

• Identify the requirements and pre-application information of each VISA
• Filling and application of the visa required
• Liaison with the relevant bodies for additional information required if needed
• Identify the factors of rejection and appeal in case of initial rejection
• Visa renewal

Auditing is important in order to demonstrate a better insight of an organization especially the financial status to support the decision making to improve your business. Our professional teams have the knowledge and experiences which enable to present your company's financial records with all auditing and financial accounting related matters, e.g Valuation, IPO & RTO, fund raising and etc at utmost precision and unbiased analysis in sense of neutrality and independence. We provide the various audit services ranging from:

• Statutory Audit
• Special Audit
• Rental Audit
• Charity Audit

Prestige Accounting do provides a variety of virtual office services that match your needs. This services started with a city centre address, a receptionist, call handling – without the physical space, allowing people to portray a professional image but without costly accommodation,

Office Address Registration :- Preparation of virtual office address registration. Offering of virtual office solutions that suits with each company needs. Offering a reliable virtual address and mail forwarding services to business and personal customers.

Call Answering :- Handling all incoming calls and messages on your company's during working hours

Fax Number :- Receiving and forwarding of faxes via email limited

Meeting Room Support :- Allocate a spacious room to conduct meeting with clients, directing an interview, or giving a presentation

To assist our clients to further develop their business, we do provide consultancy / advisory services. Our professionals' teams which equipped well with sufficient knowledge, experience and global mind set will definitely work our best with the clients to understand their issues and provide the best solution for them.

We do provide assistance on all kind of issues faced by our clients, either internally or externally. We also specialises in helping our client to maximise the value of their businesses, besides having a better outcome of their investment.