SOLE PROPRIETORSHIP BUSINESS REGISTRATION IN SRI LANKA How to Register Sole proprietorship business in Sri Lanka. Registration Act. Name and address of one or more persons residing in Sri Lanka who is authorized to accept on behalf of the company, service of documents and any notices required to be served on the company. Documents required for the registration of a foreign corporation doing business within Sri Lanka: A certified copy of the charter, statues or memorandum and articles of association, or other instrument that constitutes or defines the constitution of the company, Nationality of origin if other than the present nationality, Other business occupation or directorships, if any. Company Registration Lanka provide Register of Limited Liability Company in Sri Lanka for local and overseas entities or support for OFF-SHORE Company in Sri Lanka. 4 of 1978, as amended (BOI Law) empowers the Board of Investment (BOI) to exempt companies from the application of, among other things, the provisions of the Exchange Control Act, the Inland Revenue Act No. Finance Company - Licensing, Registration, Appointment and Authorisation Procedures Guidelines on Opening of New Finance Companies in Sri Lanka Forms & Applications. 2. Company Registration Expert in Malaysia. 7 of 2007 (hereinafter referred to as “the Act”), to mean any company or body corporate incorporated outside Sri Lanka which- Business Setup will help you company registrationa and filing works in Sri Lanka. ol - 7 - Fin. (c) every individual or firm having a place of business in Sri Lanka who, or a member of which, has either before or after the passing of this Ordinance changed his name, except in the case of a woman in consequence of marriage, shall be registered in the manner directed by this Ordinance : Provided that— (i) where … the country’s economy is on a steady rise. Minister of Land and Land Development. A Q&A guide to doing business in Sri Lanka. Register at the Department of the Registrar of Companies, Register with the tax authorities and obtain a Tax Identification Number (TIN), Register with the Department of Labor and obtain the EPF number. All company / business registration in Sri Lanka will take a time between 14-25 days based on the business type. If you want to do business in Sri Lanka, reading this will help you becoming knowlegeable on the specific tax laws and rates for a LLC which is the most common company structure in Sri Lanka. How do I get a business registration certificate in Sri Lanka? Any written power or authority other than that given an attorney-at-law or law agent, given by one person to another to perform any work, do any act, or carry on any trade or business, and executed before two witnesses, or executed before or attested by a Notary Public or by a Justice of the Peace, Registrar, Deputy Registrar, or by any Judge or Magistrate, or Ambassador, High Commissioner or other diplomatic representative of the Sri Lanka. www.eroc.drc.gov.lk is the website that is used for online company registration. According to the Companies Act No.7 of 2007, Company must issue public notification. For partnership business registration Sri Lanka, there’s no s eparate registration needed. 30 of 1988, Finance Act No 11 of 1963 and Central Bank Regulations. The Companies Act contains no express provision for the registration of a Branch office or Liaison 58 of 1988 to replace the said Ordinance, the same had not yet been brought into operation. The System of Elections in Sri Lanka; International and Regional Parliamentary Associations; Allowances and Benefits; Attendance; Statistics; Business of Parliament. – An application form to obtain the required report from Grama Niladharee on the registration of the business name. • Registration of Business Names Act(No.07 of 1987) • Civil Procedure Code(sec.64,202,249,252) • Companies Act(SEC.519) partnership • Partnership is the relation which subsists between persons carrying on a business in common with view of profit. 7 of 2007. The supporting document for company registration includes FORM 1, 18 and 19. Colombo, 27th October, 2014. Where Court orders rectification. Business Registration. Our services are; Foreign company registration, Income tax, Accounting, Audit, Business advisory. deliver to the registrar for the purpose of registration certain stipulated documents. Sri Lanka scored the highest amongst the South Asian countries for ease of setting up a company in the survey (2) On an order of Court to rectify such Register made under section 59. The usual approximate tax rate for … We are a reliable registrar of companies in sri lanka that provides company / business registration in sri lanka and business name registration sri lanka… 42 of 2011 Form A1 - Affidavit to be submitted by directors in the Applicant Company (b) contains the words “Chamber of Commerce”, unless the company is a company which is to be registered under a licence granted under section 34 without the addition of the word “Limited” to its name ; or Requirements as to name. Be it therefore enacted by the Parliament of the Democratic Socialist Republic of Sri Lanka as follows : [29th April , 1998 ] Short title and date of operation. Although the Legislature enacted in 1988 has a new statute titled the Business Names Act No. We are a global business consulting firm. Get your business name approved from the Department of the Registrar of Companies. office of a foreign company. Business can be registered under Private Limited entity or you can do it under sole proprietorship but registering a business in Sri Lanka as a Private Limited will give you more benefits and more secure. Once you register a company by, Approving your business name from the Registrar of Companies; Submitting registration forms 1, 18, 19 to the ROC; Submitting articles of association to the ROC; Giving public notice about company incorporation 2000 + VAT 8%), Form 19: Consent Certificate of secretary / secretaries (LKR.2000 + VAT 8%), Articles of Association (AoA): (LKR.2000 + VAT 8%). 189 people follow this. Since 2012, we are providing professional services to foreign investors and also guide them to do invest in Sri Lanka. The Board of Investment Law No. In addition to the Companies Act, the business of banking is regualated by a number of laws including the Banking Act No. 4,000 + VAT 8%). How can I register my business in Sri Lanka? The registered or principal office of the company, The principal place of business of the company within Sri Lanka. Business Service in Colombo, Sri Lanka. Leasing (7th Rev.) Prepare memorandum and Article of association draft with other supporting papers. Company Secretary: According to the laws of the Sri Lankan Government, every foreign company must appoint a Sri Lanka … You take care of your business,we'll take care of the fine print.