Category: Shell Corporation
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10 Key Criteria for Choosing the Right PEO Partner in Sri Lanka
1. Are they a legally registered company—or just a shell entity? Many so-called “PEOs” in Sri Lanka are technically incorporated—but function as shell companies with no real directors, no local accountability, and all foreign shareholders. In a country with strict labor laws—where directors carry personal liability for statutory compliance—this structure exposes both employers and employees…
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Things you Need to Know About a Shell Corporation
In simplest terms, a shell corporation is a legal entity which exists only on paper without a physical officer or employees. They have financial assets, however they do not create products, recruit employees or generate revenue in any manner. What is a shell corporation? A shell corporation has no significant business activity, they do have…