Can Foreign Shareholder Hold 51% shares in a Limited Liability Company?

According to the LAND (RESTRICTIONS ON ALIENATION) ACT, No. 38 OF 2014,┬áSection 2 says that, (1) Notwithstanding any provision to the contrary in any other written law, the transfer of title of any land situated in Sri Lanka shall be prohibited if such transfer is (a) to a foreigner; or (b) to a company incorporated […]

Read More