Project Name: Consultancy Services for Clothespin Tower Project in Colombo Port City
Project Period: December 2024 to March 2025
Client: Clothespin Management and Development Pvt Ltd.
Objective of the Project: Consultancy services for ;
1) Company Formation
2) Investment Teaser
3) Port City License Application
4) Legal Consultation
Narrative Description of the Project :
The Clothespin Tower project is a mixed-use development located in Colombo Port City, Sri Lanka. It is designed to be a global architectural masterpiece, attracting prestigious investors, global stars, and high-profile companies.
Project Overview
• Global Architectural Masterpiece: The Clothespin Tower is designed to be a globally recognized landmark in Colombo Port City, attracting prestigious investors, global stars, and high-profile companies.
• Mixed-Use Development: The twin-tower complex will seamlessly integrate luxury residences, a seven-star hotel, high-end retail spaces, elite office environments, and the world’s largest vertical art gallery.
• Location: Situated within the Colombo Port City Special Economic Zone (SEZ), offering prime investment opportunities in a fast-growing financial and lifestyle hub.
Detailed Description of Services provided by the EML Consultants PLC:
EML has provided a comprehensive range of services to support the development of the Clothespin Tower project. These services are divided into four key phases:
1. Company Formation
• Appointment of company secretary
• Business Registration
• Form 1 Filing
• Article of Association
• Board Resolutions
• Certification of Documents
2. Investment Teaser
• Project Overview
• Financial Model Development
• Investment Plan Development
3. Port City License Application
• Preparation of Project Report
• Managing and negotiation of stakeholder Meetings
• Obtaining Port City License Approval
• Project Brief for Cabinet Approval
4. Legal Consultation
• Advice on Port City Regulations and Tax Concessions
• Advice on AP Agreements
• Advice on Land Lease Agreements
EML’s comprehensive services are crucial to the success of the Clothespin Tower project. Their expertise in company formation, investment planning, regulatory compliance, and legal matters ensures a smooth and efficient development process.
