Entrepreneurs and investors often face a dilemma when choosing between India and Sri Lanka as their preferred business destination. Both countries offer unique advantages, making the decision challenging. India boasts a competitive landscape, high quality of life, and lower costs for setting up smaller businesses. Meanwhile, Sri Lanka has its own set of strategic benefits, making it a strong contender for investors.
Here’s a quick overview of the key differences for easy reference:
| Factor | India | Sri Lanka |
|---|---|---|
| Business Environment | Stable political environment with a robust legal framework. | Relatively stable political climate, but evolving legal framework. |
| Corporate Tax Rate | 22% (15% for new manufacturing companies) | 24% |
| Capital Gains Tax | Applicable with exemptions for startups. | Moderate rates with industry-specific exemptions. |
| Ease of Incorporation | Streamlined digital processes. | Less digitized, causing potential delays. |
| Business Costs | Low operational and living costs. | Higher operational and office space costs. |
| Market Access | Excellent global connectivity with trade agreements. | Strategic location near shipping routes. |
When navigating the complexities of doing business in India or Sri Lanka, partnering with a reliable corporate service provider like 3E Accounting can make all the difference. With expertise in starting a business in India, a step-by-step guide to India company registration, and India company incorporation, 3E Accounting ensures a seamless setup process tailored to your needs. For company setup or any other assistance, feel free to contact us. Choose 3E Accounting for a hassle-free experience and focus on growing your business with confidence.
Stay Secure, Stay Successful With 3E Accounting Services
Starting a business in India involves several steps, including understanding legal requirements, incorporation, and registration. For detailed guidance, refer to our starting a business in India guide.
India company registration includes name approval, document submission, and obtaining a Certificate of Incorporation. Learn more through our India company registration guide.
You can streamline the process by leveraging the expertise of professionals. Visit our India company incorporation page for more details.
Company incorporation services simplify the setup process, ensuring compliance and efficiency. Explore our company incorporation services to get started.
Setting up businesses in India requires understanding tax regulations, incorporation processes, and market opportunities. Check our guide to setting up businesses in India for insights.
3E Accounting offers comprehensive support for business setup in India, including incorporation, registration, and compliance. Learn more about 3E Accounting and our services.
You can reach out to us for expert guidance on business setup by visiting our contact 3E Accounting page.
Corporate secretarial services ensure compliance with legal obligations and smooth operations. Learn more about corporate secretarial and company secretary services.
Abigail Yu
Author
Abigail Yu oversees executive leadership at 3E Accounting Group, leading operations, IT solutions, public relations, and digital marketing to drive business success. She holds an honors degree in Communication and New Media from the National University of Singapore and is highly skilled in crisis management, financial communication, and corporate communications.
