D P R Consultants launches website for investors

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D P R Consultants (Pvt) Limited launched www.srilankainvestment.com website on October 4, 2016 in Colombo.

 

The website caters to the key topic of investments. Investments to Sri Lanka could be foreign or local. However the government is more focused on foreign investments.

 

The Chairman and Managing Director of D P R Consultants (Pvt.) Ltd., Bharatha Subasinghe speaking to Daily News Business said that their objective is to facilitate investors to get advice and approvals from government institutes such as BOI, Company Registrations, Inland Revenue, Customs and many other institutions.

 

“When foreign investors come to Sri Lanka, they don’t know to find a suitable location to start their business and to find lands.They find it difficult to get information about the investment procedures in this country and to get the approvals from government institutes. Our target is to provide all services to foreign investors to start their businesses in Sri Lanka,” he said.

 

“We provide consultancy services to foreign investors and locals free of charge and we do have experienced charted accountants, lawyers in our team. We can help them to open a bank account here and to help them to finalize other registrations here too.We provide visa facilitation also for investors,” he said.

 

“The Sri Lankan government is promoting foreign investment at the moment and we have to setup a very good system in Sri Lanka to promote and to attract foreign investors to come here to invest.We hope that by next year there will be a positive response from more foreign investors,” he said.

 

D P R Consultants assist investors to save time, provide cost effective services to investors by being a “One Stop Shop” or “Once Place for Business Facilitation in Sri Lanka” by making available services in respect of obtaining government approvals, company incorporation and registration of foreign branch office, tax advisory services, accounting and auditing services, legal and labour law consultation.

 

The benefit of the website is that investors can request all the services online and investors can get aware of the type of services, information and documents required for investment in Sri Lanka by login into the website.

 

DPR also organizes corporate training programmes, land and building for investors and arranging necessary business meetings to investors.

 

Daily News

2016.10.06

http://dailynews.lk/2016/10/06/business/95092

D. P. R. Consultants unveils srilankainvesment.com

In a move to bolster investments in the country, private sector firm D.P.R. Consultants on Tuesday unveiled www.srilankainvestment.com in Colombo to facilitate and provide information about services required by investors.

 

The firm expects to provide a cost effective service to investors by being ‘one place for business facilitation in Sri Lanka’. D. P. R. Consultants is an investment facilitator and a service provider to local as well as foreign investors.

 

The benefit of the website is that investors can request services in obtaining Government approvals, company incorporation and registration of foreign branch offices, tax advisory services, accounting and auditing services; and legal and labour law consultations online. The site will also offer investors an idea about the documents and information required for investments in Sri Lanka.

 

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(From left) P. T. A. Lanka Managing Partner Saman Sirilal, Chief Guest Senior Tax and Investment Advisor P. Guruge and D.P.R Consultants Chairman and Managing Director Bharatha Subasinghe launching the website

 

Subasinghe pointed out that the existing system for getting an investment project approved in Sri Lanka is highly complex and time consuming, with archaic policies and multiple approvals from various Government authorities, which eventually exhaust the investor.

 

“It is the responsibility of the policymakers to develop appropriate policies to drive investments in the country and if policies are not in place there will be no investments,” he stressed.

 

In the 2016 Budget, the Government brought forward investment friendly proposals such as the new Investment Act, Land Bank and other crucial amendments in investor-related Acts, which are yet to be implemented.

 

Subasinghe emphasised that it was the responsibility of professionals in the private sector to advise prospective investors with sound legal advice regarding investment procedures in Sri Lanka.

 

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“There is no doubt that everybody should follow the rule of law, but these procedures should be straightforward in order to attract investments,” he said.

 

Chief Guest of the event Senior Tax and Investment Advisor P. Guruge said that changing laws frequently does not help in attracting investments and that policy consistency is a key issue that needs to be addressed by the Government.

 

“I hope the relevant authorities will understand the purpose of this website and extend their assistance to strengthen investment in Sri Lanka,” he said.

 

D. P. R. Consultants Ltd also conduct corporate training, visa facilities for foreign investors and employees, land and building for investors and arranging business meetings with potential investors.

 

Daily FT

2016.10.06

http://www.ft.lk/article/571891/D.-P.-R.-Consultants-unveils-srilankainvesment.com

DPR consultants launch ‘one stop’ website for foreign and local investors

Ms. Marie Cassagne, MD, Prama (Pvt) Ltd., Bentota, Saman Sirilal, managing partner of R T A Lanka (Chartered Accountants), P. Guruge, senior tax and investment advisor and D P R Consultants. Bharatha Subasinghe- chairman and managing director of D P R Consultants (Pvt.) Ltd. at the launch event. Photographer Jude denzil Pathiraja

 

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The Island

2016.10.09

http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=153445

Corporate Training Programs by D. P. R. Training Institute

Training and career development are very vital in any company or organization that aims at progressing. Training simply refers to the process of acquiring the essential skills required for a certain job. It targets specific goals, for instance understanding a process and operating a certain system. Career development, on the other side, puts emphasis on broader skills, which are applicable in a wide range of situations. This includes decision making, thinking creatively and managing people.

 

In today’s economy, it’s natural for employers to be more focused on cutting back than on adding to the budget. But there are certain areas of the business that are always going to require investment. Perhaps the primary place that employers should always be striving to improve is human capital. Businesses cannot afford to lose their best employees to competitors that offer better opportunities for career advancement, and keeping employees sharp will only improve a business’s competitive position.

 

D P R emphasis that training for employees and knowledge for business owners or directors of any company is equally important to achieve business goals. Every investor, company directors and executive staff of any organization should be knowledgeable of the provisions of Companies Act, Labour Laws, Accounting Practices, Tax laws or other laws from the first day of the business till end of that business in Sri Lanka. A well-organized training and development program gives constant knowledge and experience. Consistency is very vital when it comes to organizations or company’s procedures and policies.

 

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Bharatha Subasinghe, CEO D. P. R. Training Institute and Famous Lecturer for Accounting and Taxation Deliver the Special Lecture topic of “Pay as you Earn” for participants of HR management and Accountancy officers in Private Sector held at City Hotel, Colombo Fort Recently.(Picture By Jude Denzil Pathiraja)

 

Training and career development are very vital in any company or organization that aims at progressing. Training simply refers to the process of acquiring the essential skills required for a certain job. It targets specific goals, for instance understanding a process and operating a certain system. Career development, on the other side, puts emphasis on broader skills, which are applicable in a wide range of situations. This includes decision making, thinking creatively and managing people.

 

In today’s economy, it’s natural for employers to be more focused on cutting back than on adding to the budget. But there are certain areas of the business that are always going to require investment. Perhaps the primary place that employers should always be striving to improve is human capital. Businesses cannot afford to lose their best employees to competitors that offer better opportunities for career advancement, and keeping employees sharp will only improve a business’s competitive position.

 

D P R emphasis that training for employees and knowledge for business owners or directors of any company is equally important to achieve business goals. Every investor, company directors and executive staff of any organization should be knowledgeable of the provisions of Companies Act, Labour Laws, Accounting Practices, Tax laws or other laws from the first day of the business till end of that business in Sri Lanka. A well-organized training and development program gives constant knowledge and experience. Consistency is very vital when it comes to organizations or company’s procedures and policies.

 

In most of companies in Sri Lanka directors, owners or executive officers are not or less knowledgeable the procedure & practices about incorporation of a company, type of Forms used, requirements and responsibilities of directors under the Companies Act No 07 of 2007, liquidation or strike of name of company, labour laws at the time of recruiting staff till termination or resignation of any employees in different sectors, type of taxes, tax rates, type of tax Returns & filling of such tax returns, tax exemptions, tax administration procedures penal provisions of tax statutes, requirements of preparation of financial statements under Sri Lanka Financial Reporting Standards or under Inland Revenue act etc which cause difficulties for strategic and operational decisions.

 

To overcome above D P R Training Institute organize workshops for corporate sector in Sri Lanka with respect of Company Law & Procedures, Labour Laws, Taxes such as Value Added Tax, Nation Building Tax, Economic Service Charge, Income Tax, PAYE Tax, Stamp Duty, Tax administration etc and training programs for preparation of financial statements. We understand that providing knowledge is not sufficient to any employee or employer but practice to get knowledge is most important. Therefore, all our programs are planned to provide practical knowledge while providing subject knowledge to all participants and this type of training programs are well successful and appreciated by participants.

 

The Island

2015.03.07

http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=120913

 

Practical training in accounting and taxation key issue in Sri Lanka

Practical training in Accounting and Taxation is most important area to be considered in current context of business even though there are numbers of local and International Institutions in Sri Lanka to get qualifications in accounting and related subjects, said by P. Guruge, chief guest and retired deputy commissioner of Inland revenue and formal fiscal advisor to the Ministry of Finance at the certificate award ceremony held on recently at Central Bank, Rajagiriya.

 

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Ms. Gothami Abeythilake (Admin Officer), Bharatha Subasinghe (C.E.O.), P. Guruge (Chief Guest) and Ruwan Thilakasiri ( Course Coordinator) with the participants.

 

D P R Training Institute, an Institute providing practical training in accounting organized the event to award certificate for students who completed their practical training at DPR Training Institute at Rodney Street, Cotta Road, Colombo 8.

 

The objective of the Institute is to provide practical training in Accounting and Taxation for those who have no practical experience, especially students looking to gain a foothold into the job market in accounting and those who are currently employed but have limited practical experience in accounting and taxation.

 

Further, this course is helpful to entrepreneurs as well. Institute is keen in providing practical experience in accountancy, bookkeeping, labour laws, cash and banking procedures, inventory, taxation, auditing, company incorporation, import and export procedures and budgeting.

 

Guruge further said that adding a another certificate to their certificates bag is not much important but gaining practical knowledge with theoretical knowledge is the key factor to be considered and further said that DPR Training Institute has initiated to provide practical training in proper manner within short period of time at very reasonable rate and qualifications are not a barrier to study the course and course is suitable for business owners as well.

 

Bharatha Subasinghe, chief executive officer and lecturer said that it is a very difficult task in finding practical experience employees in finance sector due to lack of practical training opportunities in Sri Lanka and most of accounts executive may involve in one activity of accounts departments but they have no idea about other activities of accounts department.

 

Therefore, DPR has initiated to conduct practical training courses. Subasinghe further said that to fill the gap of less opportunity in practical training in Sri Lanka DPR Training Institute will strength their capacity to train more staff in the field of accounting since it will benefit to both employee and employer.

 

Amila Alawathugoda, Managing Director of advertising company and Mrs. Rajika Pathirana account’s executive of a tour company addressed the ceremony on behalf of all the students and said that the training they gathered during the course is very much helpful them.

 

Certificates were awarded to all students by P. Guruge and course coordinator and lecturer Ruwan Thilakasiri and Ms. Gothami Abeythilake too participated for the event.

 

Daily News

2012.07.10

http://archives.dailynews.lk/2012/07/10/bus22.asp

Seminar on VAT, NBT & IT – 2016

Seminar on VAT, NBT & IT held on 2nd November 2016 at Sri Lanka Foundation Institute.