Company Registration In Sri Lanka – Private Limited Entity
We provide support to register your company under Private Limited entity which gives you more benefits and more security. Being a Private Limited company you and your company will act as two separated parties, your business assets and liabilities are separated from you and your family.
Reserve A Unique Company Name
The company name reservation is valid for 3 months. Searching for a unique company name can be done online via the website of the Department of the Registrar of Companies (www.drc.gov.lk)
Submitting CR Forms
According to Article 221(1) of the Companies Act No. 7 of 2007, every company shall have a director and a secretary. The Company Secretary must be hired before incorporation because one of the requirements to incorporate is a consent form that the Company Secretary must sign saying he/she will be the secretary for the newly formed company. Submit Form No. 1, 18, and 19. All forms should be printed or typewritten. (Section 475). According to Article 221(1) of the Companies Act No. 7 of 2007, every company shall have a director and a secretary.
Submit Articles Of Association
A company may either adopt the standard set of Articles of Association in Table A of the Companies Act of Sri Lanka or draft its own Articles of Association. You must submit 2 copies.
Give Public Notice Of Incorporation
According to Section 9 of Sri Lanka’s Companies Act No. 7 of 2007 and section 3(a) of the Gazette Notice No. 1566/32 dated 12/09.2008 public notice must be given within 30 working days of the incorporation of a company. The newspaper publications once handed over with the payment which depends on the size of the notice, will appear within 3 – 4 days. The publication in the Gazette will appear within 2 weeks of submitting the request with the payment. The Registrar of Companies accepts a copy of the receipt issued by the Government Printer as proof of publication.
Obtain The Tax Identification Number (Tin)
The applicant or an authorized representative of the applicant must be physically present at the Taxpayer Services Unit of Inland Revenue Department to pick up and complete the application for a Taxpayer Identification Number (TIN) number with supporting documents including a copy of Form 1, Certificate of Incorporation and Articles of Association.
- Name Registration
- Form 01/ 18/ 19
- Article of Association
- Statutory Cost
- Convenience Fee
- Emboss Seal
- Seal – Director
- Seal – Secretary
- Obtaining TIN
- Consultation Fee