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Expanding to Sri Lanka? We make it (almost) as easy as clicking a button. We create the entity, you run the business.
Incorporation and bank account setup that meets your budget.
We connect our clients with expertise in navigating the complex Sri Lankan tax and corporate filing environment, leaving you to run your business in peace.
The most common company type in Sri Lanka requires an in-country company secretary, but is otherwise the most flexible for most types of businesses.
An Overseas Company designation allows businesses to operate in Sri Lanka without formal local incorporation, after registering with the Registrar of Companies.
Business-friendly judicial system & experienced judges
Higher Franchise Taxes compared to other states.
Advanced & clear corporate statutes.
Strict laws about annual reports and mandatory fees.
Increased privacy compared to other regions.
Compliance may be more complex than other states.
High investor appeal, being the preferred location.
No incentives for businesses without a physical presence
Zero corporate income tax & personal income tax
Limited appeal for investors, may affect fundraising
Minimal corporate reporting requirements
Unlike Delaware, Wyoming lacks specialized business courts.
Cost effective due to zero franchise tax & lower fees.
Limited availability of experienced corporate law firms.
Strong asset protection laws for entities.
Lower credibility for businesses, compared to Delaware.
No corporate income tax & personal income tax
High sales and property taxes push up operational costs
Economic incentives & grants from the state.
More complex reporting requirements compared to Wyoming
Skilled workforce due to a growing business environment
Less favorable among investors compared to Delaware
Texas gives access to a large and growing market
May have some limitations on remote businesses
Commenda helps you start your business in the United States of America from anywhere in the world, sitting right at your desk. This starts with incorporating your company at the click of a button. We also support you with compliance filings, sales tax management, and more.
Features
Ownership
Raising Capital
Preferred for
Compliance
Taxation
Liability Protection
We get on a call with you to understand your business and its requirements.
We submit your registration application to the state, with all required documents.
A Tax ID is essential for doing business in the US. We help you get it in days.
Last, we consult and help you open a corporate bank account for your business.
An annual franchise tax is required by certain US states like Delaware and Texas for the privilege of incorporation. It's a mandatory fee separate from federal income tax and varies based on revenue, share structure, or state-specific rules.
The FinCEN Report 114, also known as FBAR, is a compliance requirement for US businesses holding foreign bank accounts with a balance exceeding $10,000 at any point during the calendar year.
Form 1120 is the tax filing requirement for C Corps to report annual income, gains, losses, and deductions. This corporate tax return is essential for IRS compliance and calculating corporate tax liability.
Form 5472 is a critical IRS filing for foreign-owned US corporations or US LLCs with foreign members. It discloses transactions between the US entity and its foreign owner, ensuring compliance with international tax reporting.
Form 5471 is required for US persons with ownership in a foreign corporation. This form ensures compliance with IRS reporting requirements for international business operations and foreign income disclosures.
The experience working with Commenda has been nothing short of magical. They deliver on-time with every request and help us demystify and navigate the compliance and legal matters at affordable prices.
Commenda opened our US entity and bank account in 3 days. My co-founder has an F1 visa and I’m from India. We weren’t sure of the right structure for the US entity. Commenda handled the entire process. I love how customer-obsessed their team is!
Commenda's team handles all our global regulatory and compliance needs promptly and seamlessly. This enables our team to focus solely on product development and business growth.
I switched to Commenda because my previous accountants were slow and overcharging me. We love using Commenda for their transparency of work and pricing, their ability to meet deadlines, and the accessibility to ask questions to their compliance experts.
No. Commenda will help you open an entity in any of our available markets 100% remotely – you don’t have to travel anywhere to run a global business.
The Commenda Marketplace hosts all of the services you need to get your business started in a new market.
You can find everything from accountants and lawyers to banking and payroll platforms.
Plus, Commenda will source new providers for your business if you can’t find it on the marketplace.
Commenda has a comprehensive vetting process to ensure our accountants are top-notch.
Commenda Accounting Partners are trained and onboarded to CommendaOS, meaning you can manage your service providers in every country from a single platform.
When it comes to service providers like accountants, we do the legwork so you can focus on growing your business worldwide.
Global tax, audit, governance, and HR compliance is a complicated issue–there are massive companies dedicated to managing compliance in single markets.
As a business user, it’s important to see your global footprint to know when it is time to establish a permanent operation in a new market, manage compliance risks, and keep all of your entities in good standing with local governments.
Every US business is by default cross-border: each of the 50 states has its own business registration process, taxes, and regulations.
Commenda helps your US business monitor your business’ exposure, calculate sales tax, and file year-end taxes in all 50 states.
