SRI LANKA
Company Registration in Sri Lanka
we provide innovative, tech-driven solutions that ensure sustainable results for your business needs. Our services include audit and assurance, advisory, consulting, and regulatory compliance, all designed to help your business operate smoothly and efficiently.
Sri Lanka, with its strategic location, skilled workforce, and favorable business environment, is an increasingly attractive destination for businesses. If you're looking to establish your business in Sri Lanka, contact us for fast and hassle-free business setup services.
Why Register Your Company in the Sri Lanka?
Sri Lanka offers a compelling business environment for both domestic and international companies. Here are some key reasons why you should consider registering your company there:
Economic Benefits
Strategic Location
Sri Lanka's strategic location in South Asia provides excellent connectivity to major markets in Asia, Europe, and the Middle East.
Favorable Tax Regime
Sri Lanka offers competitive corporate tax rates and various tax incentives for specific industries and regions.
Free Trade Agreements
Sri Lanka is a signatory to several free trade agreements, providing access to a wider market with preferential tariffs.
Legal and Regulatory Environment
Investor Friendly
The government has implemented various reforms to improve the ease of doing business and attract foreign investment.
Limited Liability
Registering a company in Sri Lanka provides limited liability for its shareholders, protecting their personal assets from business debts.
Intellectual Property Protection
Sri Lanka has robust intellectual property laws to safeguard innovations and inventions.
Human Resource & Other Advantages
Skilled Workforce
Sri Lanka boasts a well-educated and English-speaking workforce, making it an attractive destination for knowledge-based industries.
Affordable Labor Costs
Compared to many developed countries, labor costs in Sri Lanka are relatively affordable, providing a cost advantage for businesses.
Natural Beauty and Tourism
Sri Lanka's natural beauty and rich cultural heritage attract millions of tourists annually, providing opportunities for businesses in the tourism and hospitality sectors.
Tax Compliance Services in Sri Lanka
The United States, a global economic powerhouse, offers numerous advantages for businesses seeking expansion. By registering your company in the US and obtaining a company registration certificate, you can:
Tax Compliance Advisory
Tap into a consumer base of over 330 million people.
Tax Policy Advisory
Benefit from a favorable investment climate to secure funding.
R&D Tax Advisory
Establish a strong presence in the world's largest economy.
M&A Tax Advisory
Rely on a well-established legal framework that protects business interests.
Essential Documents for Sri Lanka Company Formation
The documents needed to undertake the company registration procedure in Sri Lanka are:
✔️ Identity Proof: A valid driving licence or any other government-authorised photo ID of the directors.
✔️ Passport Copy: Copy of the valid passport of the directors.
✔️ PAN Card (For Indian Nationals): PAN card if the directors or officeholders are of Indian nationality.
✔️ Proof Of Address: Documents such as electricity bills, water bills, etc., serving as proof of address.
✔️ Specimen Signature: Specimen signature of the directors or officeholders.
✔️ Company Name: Provide the chosen name for the company.
Procedure to Register a Company in Sri Lanka
The process of registering a company in Sri Lanka involves several steps. Here's a general outline:
✔️ Choose a Company Name: The name should be unique, available, and not misleading
✔️ Prepare Necessary Documents: Documents like Memorandum of Association (MOA), Articles of Association (AOA), Declaration of Compliance should be prepared.
✔️ Submit Application to the Registrar of Companies: Submit the completed application form, MOA, AOA, and other required documents to the Registrar of Companies. And pay the necessary registration fees
✔️ Obtain Certificate of Incorporation: Once the application is approved, the Registrar of Companies will issue a Certificate of Incorporation. This document officially establishes the company.
✔️ Register for Taxes: Register the company with the relevant tax authorities, such as the Inland Revenue Department (IRD).
✔️ Obtain Business Licenses and Permits: Depending on the nature of the business, obtain any necessary licenses or permits from the relevant authorities.
✔️ Open a Corporate Bank Account: Open a bank account in the name of the company.
Choosing the Right Business Structure for Your
Sri Lanka Company
Sri Lanka offers a variety of business entity structures to suit different needs and preferences. Here are some of the most common types:
Sole Trader
A simple structure where an individual runs the business and is personally responsible for its debts and liabilities.
Partnership
A business owned by two or more individuals who share responsibilities, profits, and liabilities.
Public Limited Company
A company with limited liability, listed on a stock exchange and owned by a large number of shareholders.
Foreign Investment Company
A company established by a foreign investor under the Board of Investment (BOI) regulations.
Joint Venture
A business partnership between a local company and a foreign investor.
Cooperative Society
A voluntary association of individuals who work together for mutual benefit.
The choice of business entity depends on various factors, including the nature of the business, the desired level of control, and the potential risks involved. so it’s important to choose the right one based on your business needs.
Why Register Biz Globally?
Expert Guidance: Our team provides professional assistance throughout the entire Sri Lanka company registration process, ensuring a hassle-free experience.
Multiple Business Structures: Whether you prefer any company structure, we help you choose the right structure based on your business needs.
FastTrack Service: With our accelerated service, you can quickly register your business and start operations in the Sri Lanka, saving time and effort.
Compliance Assurance: We ensure that all legal and regulatory requirements are met, so you can focus on growing your business.
Dedicated Support: Our customer support team is always available to guide you through the process, answering any questions along the way.
