Company Incorporation in Sri Lanka – Legal Process & Setup Guide

Incorporate a Company in Sri Lanka – Everything You Need to Know

Incorporating a company in Sri Lanka gives your business a legal identity and unlocks access to local and global markets. Governed by the Companies Act No. 7 of 2007, the process is handled by the Registrar of Companies (ROC) and is open to both Sri Lankan citizens and foreign investors.

Why Incorporate in Sri Lanka?

• Strategic location near India, Southeast Asia, and the Middle East

• 100% foreign ownership allowed in most sectors

• Tax holidays and BOI incentives available for qualifying businesses

• A strong, English-speaking talent pool

Steps to Incorporate a Company in Sri Lanka

• Choose Your Legal Structure

  Most businesses incorporate as a Private Limited Company, which offers limited liability and is suitable for both locals and foreigners.

• Reserve a Company Name

  Apply online via the ROC name reservation portal.

• Draft and Prepare Documents

  Key documents include:

  • Form 1: Company Registration Form

  • Form 18: Consent of Directors

  • Form 19: Consent of Secretary

  • Articles of Association

  • Valid ID/passport of stakeholders

• Submit Documents to ROC

  File the application and pay the official fee. Upon approval, you will receive the Certificate of Incorporation.

• Complete Post-Incorporation Tasks

  • Obtain a Taxpayer Identification Number (TIN)

  • Register with the Inland Revenue Department

  • Open a corporate bank account

  • Register for EPF/ETF if you plan to hire employees

  • Apply for business licenses (if required)

Key Incorporation Requirements

• Minimum two directors (one must be a resident of Sri Lanka)

• One shareholder (can be an individual or entity)

• Local registered office address

• Appointed company secretary

Why YKG Global?

From name reservation to post-incorporation compliance, YKG Global takes care of every detail. Whether you're a foreign company expanding into Sri Lanka or a local entrepreneur starting fresh, we provide full legal and operational support throughout the incorporation process.

Incorporate your company in Sri Lanka confidently.
Work with YKG Global for a compliant, smooth, and strategic setup.

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