How to Register a Business in Sri Lanka: Essential Requirements and Procedures


 Since 1981, YKG Global has been assisting entrepreneurs worldwide with seamless company registration in Sri Lanka. With its strategic location and growing economy, Sri Lanka offers significant opportunities for businesses. Here’s a step-by-step guide to help you navigate the registration process effectively.

1. Choose the Right Business Structure

Decide on the type of business entity you wish to register, such as a sole proprietorship, partnership, or private limited company. A private limited company is the most common choice for company registration in Sri Lanka, offering liability protection and credibility.

2. Reserve a Company Name

Submit your proposed business name to the Department of the Registrar of Companies (ROC). Ensure the name complies with local regulations and is unique.

3. Prepare Required Documentation

Key documents include the articles of association, company registration forms, and shareholder details. These documents are critical for initiating the registration process.

4. Submit Application to the ROC

File your application with the Registrar of Companies and pay the prescribed fees. Once approved, your company will be issued a certificate of incorporation.

5. Register for Taxation

Obtain a Tax Identification Number (TIN) and register for Value Added Tax (VAT) if applicable. This step ensures compliance with Sri Lanka’s tax regulations.

6. Obtain Necessary Licenses

Depending on your business activity, secure any industry-specific permits or approvals from relevant authorities.

Why Choose YKG Global?

With over four decades of experience, YKG Global offers comprehensive support for company registration in Sri Lanka, from preparing documents to navigating compliance requirements.

Start your business journey in Sri Lanka confidently and efficiently with YKG Global. Contact us today for expert assistance tailored to your needs!

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