Company registration in Sri Lanka as foreigner
Are you planning to register a business in Sri Lanka as foreigner? Do you know the process of new company registration in Sri Lanka? A) Limited liability company B) subsidiary company C) branch office registration. Registration process each of them are separate and cost of them are nor same.
Let discuss step by step process of company registration in Sri Lanka:
Each company should be one name as identity. So, name approval, from registrar office, is the first job. Take an advice from consultant or, expert how to start registration process, cost and time frame.
Company incorporation in Sri Lanka as foreigner
Let the expert prepare MoA and AoA mentioning share holding position, share proportion, paid up and authorized capital. Besides, some prescribe forms namely form 1 (share holders detail), form 18 (consent of the directors) & form 19 (consent of the secretary) have to filled up and put signature by the directors where is required. All registered companies have to publish advertisement in daily news papers the name and address of the registered company as law of state.
Time and cost of company registration in Sri Lanka
Knowing information of total time is important as investors. Promoters are concern to save time and money. To complete whole process it may need 30 days to 90 days including export, import business incorporation. Total cost may stand US$ 2500-US$ 3500 to obtain all certified copies including government and professional charge.
Sri Lanka, an Asian country, total areas is around 25,333 mi and fdi inflow 905,145,679 as 2015. Hambantota is one of free trade zone of Sri Lanka. Many promoters prefer to setup office or factory inside area of trade free zone to enjoy facilities that given by government for the entities. Education percentage is much higher, political environment is cool, per capita income is suitable those bring quite flavor of business.
To know more information about company registration/ incorporation in Sri Lanka, click here
√ Colombo 08, Sri Lanka