Multinational Companies in Sri Lanka are always highly praised, valued, and given all sorts of benefits possible from the government. All these multinational companies (MNC) incorporated and established in Sri Lanka have certain facilities and corporate assets in some other part of the world commonly known as its Parent Country.
All these Multinational Companies in Sri Lanka and in other parts of the world does have offices, corporate center, factories or manufacturing industries in different countries around the globe but usually, they do have one specific central head office (Usually in the parent country) that is initiated in purpose to coordinate global management.
Yes, it should be clear to all that a multinational company is vast in employee quantity, manufacturing, services, capital, and shares. The Multinational Companies in Sri Lanka certainly require a variable number of permits and licenses to operate their business with ease and comfort.
Again, the Registrar Office in Sri Lanka and BOI comes into legal action as the only sole statutory body to run in all sort of incorporation issues, regulatory facts, licensing, and permits needed by all these Multinational Companies in Sri Lanka.
Similar issues and licensing are needed in Malaysia. This article about Company Registration in Malaysia will help.
Seven basic Characteristics or features of all these Multinational Companies in Sri Lanka consoles:
1) Large size
Whenever the term Multinational Companies dives in few related terms automatically comes up in our mind – “Large-Sized Business Corporations”.
Yes, it is a common phenomenon to know that all these multinationals do consume huge resource facilities in terms of company capital, technology, manpower,
2. Multiple Country Based Operations
As mentioned above Multinational companies in Sri Lanka and in other parts of the world do operate their business activities in several nations around the globe.
These companies can bring in various types of business operations in Sri Lanka such as manufacturing, production, marketing, and other service types of business and corporate operations.
They do take in large geographical areas as they usually consume certain company assets and run in business activities in two or more countries.
3. Some prime objectives of all these MNCs.
– Move along with certain new market opportunities and policies to expand the global market size.
– Consulate cheap raw resource materials to reduce costing and increase competitive capacity.
– Initiate cheap labor resources to reduce costs regarding labor and energy.
4. Various environments
All these Multinational Companies in Sri Lanka can operate their desired business policies and practice in various environments with ease and smoothness.
This is one of the main reasons which highly significant all the MNCs from other business organizations.
These varieties of business environment are mainly the political background, legal affairs, economic scale, social activities, cultural welfare,
5. Centralized ownership and control
All these Multinational Companies in Sri Lanka and in other parts of the world does have offices, corporate center, factories, or manufacturing industries in different countries around the globe but usually, they do have one specific central head office (Usually in the parent country) that is initiated in purpose to coordinate global management.
6. Multiple currencies
7. High efficiency
– Mass production of goods leading to economic stability.
– Advanced technologies are to speed up the
– High Professional Management & Marketing skills are effectively used.
We the S & F Consulting Firm Limited are always there to help you with all sorts of facts and related concerns you would want to know about MNC incorporation in Sri Lanka or in any other country around the world.
Some of the top Multinational Companies in Sri Lanka are given below:
- JOHN KEELLS HOLDINGS 5.975
- DISTILLERIES COMPANY OF SRI LANKA 5.250
- SRI LANKA TELECOM 5.000
- COMMERCIAL BANK 4.625
- CEYLON TOBACCO COMPANY 4.300
- HAYLEYS 4.225
- THE BUKIT DARAH 3.900
- DFCC BANK 3.475
- AITKEN SPENCE & COMPANY 2.275
- CARSON CUMBERBATCH & COMPANY 2.225