Understand the Jurisdictions Setup Requirement Before Proceed Your Company Registration in Sri Lanka
3E Accounting helps clients who are setting up a company in Sri Lanka. Expanding wings to a different country can be a challenging task, but our services can be your rescue. Then, our team helps you with company registration in Sri Lanka.
Sri Lanka is located in the South East region which has a liberalized economy. Sri Lankan constitution guarantees the investment made by the foreigners here, so who wouldn’t be interested in investing here where there is the repatriation of profit. We have our professional services for you which will assist you entirely in setting up a company here.
Different Business Forms in Sri Lanka
Company registration in Sri Lanka is a simple process but selecting a wrong business form can incur losses. Our team of experts will help you choose the right business entity according to your business requirements. The different business forms which are functional in Sri Lanka are:
Limited Liability Company
A limited liability company is the most common business entity of Sri Lanka. To establish this form, you at least need 1 shareholder and one director who can belong to any country. An LLC requires a company secretary who must be a resident of Sri Lanka. 3E Accounting can help you in hiring a company secretary.
Public Limited Company
To establish a PLC, you need to appoint at least two shareholders and two directors who needn’t be Sri Lanka’s. There is no requirement of any minimum capital amount for setting up a PLC. The director of the company must file annual returns and submits audited reports every year.
A parent company wholly owns the branch office. The parent company defines all the activities of this company. The branch office will have its employees and a local bank account.
A representative office is established to carry out non-commercial activities in Sri Lanka. An RO cannot carry out any profit-generating activity and cannot make any direct sales. RO must have a local address and a local bank account.
Depending on your business requirement, our team will assist you in selecting the right business structure. One needs to be very careful while choosing the business form which otherwise can incur a huge loss for you.
Get in Touch With Us
At 3E Accounting, we offer many reliable services for company registration in Sri Lanka. Call us and we will take away all your worries about setting a company in a new country. We have professional experts for document preparation, taxation, accounting who will help you in all the process involved with company registration in Sri Lanka.