Sri Lanka_Asia_Shanghai CHYIELD Enterprise Consulting Co., Ltd.

GLOBAL REGISTRATION

Sri Lanka

Advantages of

Registering a Company in Sri Lanka

1. Favorable geographical location: linking South Asia, Southeast Asia and the Middle East, it is a key node of the Belt and Road Initiative.

2. Friendly policies: the government has rolled out multiple incentive policies for foreign investment, including tax reductions and exemptions and preferential land terms.

3. Great market potential: robust consumer demand drives rapid growth in tourism, manufacturing, agriculture and other sectors.

REQUIREMENTS

COMPANY TYPE

MATERIALS

Serial

Name

Details

Registered Capital

There is no minimum registered capital requirement; the registered capital can be determined according to the client’s local fund utilization needs.

Directors and Shareholders

One shareholder and one director are required with no nationality restrictions, and the shareholder may concurrently serve as the director.

Company Secretary

A local company secretary is required, and the director and the company secretary shall not be the same person.

Company Name

Company names must be unique and shall not be identical or similar to those already registered with the Registrar of Companies of Sri Lanka. Certain prohibited words such as "Sri Lanka" shall not be included in the company name.

Registered Address

A local commercial address in Sri Lanka is required, which can be provided by our company.

Serial

Name

Details

Private Limited Company（Private Ltd.）

This type of company shall have at least one director and two shareholders, with a maximum of fifty shareholders. The liability of shareholders is limited to their respective capital contributions. The company name usually ends with "Private Limited" or its abbreviation "Pvt Ltd".

Public Limited Company（PLC）

It requires a minimum of two shareholders and two directors. The company may raise funds by issuing shares to the public and is subject to relatively high scale and capital requirements. Its corporate name generally ends with "Public Limited" or the abbreviation "Ltd".

Branch Office

Approval from the Board of Investment (BOI) is required, and this entity type is suitable for enterprises already operating overseas.

Serial

Name

Details

Individual Shareholder

1. Identity documents of individual shareholders (scanned copies of both sides of the ID card plus scanned passport copies);

2. Address proofs of individual shareholders (utility bills or bank statements issued within three months);

3. Identity documents of company directors (scanned copies of both sides of the ID card plus scanned passport copies) and their address proofs (utility bills or bank statements issued within three months)

Corporate Shareholder

1. Documents including Certificate of Incorporation, Articles of Association and Register of Members;

2. Identity documents of company directors, shareholders and ultimate beneficial owners (scanned copies of both sides of identity cards and passports) as well as their address proofs (utility bills or bank statements issued within three months);

3. Complete equity structure diagram

REGISTRATION PROCESS

1

Fill out the information collection form and provide details of shareholders and directors, together with the company name and business scope.
2

Conduct name verification
3

Our company will draft the power of attorney
4

Notarization and authentication / apostille shall be processed for the power of attorney and other relevant documents.
5

Complete the company registration procedures and obtain the Certificate of Incorporation.
6

Corporate Income Tax and VAT Registration
7

open corporate bank accounts.