Partnership to offer local SMEs access to Hong Kong, Dubai and Singapore markets
Accessing equity infusion options
Assist SMEs in incorporating their companies in new markets
Marking a new benchmark in the SME sector, Sri Lanka’s leading private sector bank HNB PLC,
partnered with Eqwtay (HK) Ltd. to offer local business equity funding facilities and access to new
market places in Hong Kong, Dubai and Singapore.
The partnership will ensure HNB SME customers can seamlessly integrate and access new markets
with the support of Eqwaty. HNB DGM Retail & SME Banking, Sanjay Wijemanna and Eqwaty
Chairman, Saliya Weerakoon were at a special ceremony to sign the MoU at HNB Towers.
“Over the span of more than 30 years, HNB has played a pivotal role in encouraging entrepreneurs
to expand their operations and investments in foreign nations. We are pleased to announce that this
partnership will strengthen the nation’s export economy and further accelerate growth. Therefore,
we encourage entrepreneurs to make use of this golden opportunity to grow their businesses,”
HNB DGM Retail and SME Banking, Sanjay Wijemanna said.
The partnership will give Sri Lankan SMEs the necessary support to incorporate their businesses
overseas. Moreover, select SMEs will be provided with equity investments while ensuring a
convenient and seamless market experience.
“We are delighted to be working with HNB, a bank with a long history of supporting SMEs in Sri
Lanka. With this partnership, we hope to offer our facilities and services to grow local businesses
and strengthen exporters,” Eqwtay Chairman, Saliya Weerakoon said.
Additionally, businesses will receive the necessary support to obtain trade licenses from the
government, receive guidance on corporate structure and transfer pricing procedures from local
business experts, maintain a banking account in any of the top 12 international currencies, and
assistance in obtaining credit facilities.
Furthermore, potential SMEs will be identified for equity investments and possible investment deals.
Businesses will also be supported in providing annual audits, tax returns, and advisories on obtaining
zero-tax benefits. Eqwtay will provide HNB SMEs with value additions, including managing the
business’s ‘virtual office’.
Eqwtay (HK) is a well-known private limited company registered and primarily functions as an
investment consulting firm that invests in equity and an export promoter that links companies with
buyers that operate in Hong Kong.