Idea 320 of 500. Cluster 15: Software, services and the remote desk
Startups founded by Sri Lankans and incorporated abroad, with the engineering done here, deliberately
The mechanism, from the book
The proof exists in Malabe. What is missing is a thousand small versions of it.
Every idea in cluster 15 uses this mechanism.
A first step
Take a product you have already built or started, and ask three prospective customers abroad whether a company registered in their country would make them more likely to buy. Then ask an accountant abroad for the cost of incorporating there and contracting the engineering here. The customers' answers and the quote let you decide before spending anything.
- Who pays first
- A foreign customer or investor who needs a company in a familiar jurisdiction but is glad to pay for engineering done here.
- What leaves today
- Engineering done here earns only wages, while the company's value, its equity and its headquarters sit abroad with no deliberate link back.
The idea and the mechanism are from the book. The first step was written for this site as a suggestion; if you know a better one, say so.
There's a song about this idea
The test
Does it keep value that now leaves the island, or build the proof that lets somebody else do so?
The only test any idea on this site has to pass. The four rules that go with it are here.
In the book
- Ch. ThreeWhat We Have Already Built
The stock exchange in Malabe
More from cluster 15
- 296Remote-work hubs in Kandy, Galle and Jaffna with fibre, power and a lawyer who knows the tax
- 297A Sri Lankan software product, not a services firm: one tool, sold by subscription to the world
- 298Bookkeeping for small British and Australian firms, in their time zones: the software keeps the books, and a qualified accountant here checks them and answers the client's questions
- 299Lawyers here checking the contracts and filings that AI drafts for foreign law firms, since commercial law here follows English law, the higher courts work in English and the lawyers are here
- 300AI set up and looked after for small businesses at home and abroad: the booking replies, the invoices, the product descriptions in five languages, for a monthly fee
- 301Architecture and engineering design for firms in the Gulf and Europe: the drawings made with the new tools, and an engineer here who checks that it will stand up
Idea 320 of the 500 in the appendix of Why Not Sri Lanka? Every one can be started by one person, one family or one small firm.