{"id":26086,"date":"2025-06-24T16:36:37","date_gmt":"2025-06-24T11:06:37","guid":{"rendered":"https:\/\/simplebooks.com\/srilanka\/?page_id=26086"},"modified":"2025-09-12T00:13:31","modified_gmt":"2025-09-11T18:43:31","slug":"pvt-limited-company-registration-handbook","status":"publish","type":"page","link":"https:\/\/simplebooks.com\/srilanka\/pvt-limited-company-registration-handbook","title":{"rendered":"Your Step-by-Step Guide to Private Limited Company Registration in Sri Lanka"},"content":{"rendered":"\n[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#f4f5fe&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_4,1_2,1_4&#8243; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; positioning=&#8221;none&#8221; sticky_position=&#8221;top&#8221; sticky_offset_top=&#8221;10px&#8221; sticky_limit_bottom=&#8221;section&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_position_last_edited=&#8221;on|desktop&#8221; sticky_enabled=&#8221;0&#8243; sticky_position_tablet=&#8221;none&#8221; sticky_position_phone=&#8221;none&#8221;][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<h3><span style=\"font-weight: 400;\">Here are important steps to take:<\/span><\/h3>[\/et_pb_text][et_pb_button button_url=&#8221;#Introduction&#8221; button_text=&#8221;Introduction&#8221; button_alignment=&#8221;left&#8221; button_alignment_tablet=&#8221;left&#8221; button_alignment_phone=&#8221;left&#8221; button_alignment_last_edited=&#8221;on|phone&#8221; module_class=&#8221;show-handbook btn2&#8243; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;879bd0e1-2dbb-4d67-94e3-9e544038293e&#8221; custom_button=&#8221;on&#8221; button_text_size=&#8221;15px&#8221; button_text_color=&#8221;#080a3c&#8221; button_border_width=&#8221;0px&#8221; button_border_radius=&#8221;0px&#8221; button_font=&#8221;Poppins||||||||&#8221; button_use_icon=&#8221;off&#8221; custom_margin=&#8221;||5px||false|false&#8221; custom_padding=&#8221;15px|25px|15px|25px|true|true&#8221; custom_padding_tablet=&#8221;15px|25px|15px|25px|true|true&#8221; custom_padding_phone=&#8221;15px|25px|15px|25px|true|true&#8221; custom_padding_last_edited=&#8221;on|tablet&#8221; button_text_size_tablet=&#8221;15px&#8221; button_text_size_phone=&#8221;15px&#8221; button_text_size_last_edited=&#8221;on|desktop&#8221; custom_css_free_form=&#8221;selector {width:100%;}&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; transform_styles__hover_enabled=&#8221;on|hover&#8221; button_text_size__hover_enabled=&#8221;on|hover&#8221; button_bg_color__hover_enabled=&#8221;on|desktop&#8221; button_bg_color__hover=&#8221;#ff612f&#8221; button_bg_enable_color__hover=&#8221;on&#8221; button_text_size__hover=&#8221;15px&#8221; transform_scale__hover_enabled=&#8221;on|hover&#8221; transform_translate__hover=&#8221;0px|-3px&#8221; transform_translate__hover_enabled=&#8221;on|desktop&#8221; transform_rotate__hover_enabled=&#8221;on|desktop&#8221; transform_skew__hover_enabled=&#8221;on|desktop&#8221; transform_origin__hover_enabled=&#8221;on|desktop&#8221;][\/et_pb_button][et_pb_button button_url=&#8221;#reverse-your-company-name&#8221; button_text=&#8221;1. 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button_text=&#8221;EPF and ETF&#8221; button_alignment=&#8221;left&#8221; button_alignment_tablet=&#8221;left&#8221; button_alignment_phone=&#8221;left&#8221; button_alignment_last_edited=&#8221;on|phone&#8221; module_class=&#8221;show-handbook btn2&#8243; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;879bd0e1-2dbb-4d67-94e3-9e544038293e&#8221; custom_button=&#8221;on&#8221; button_text_size=&#8221;15px&#8221; button_text_color=&#8221;#080a3c&#8221; button_border_width=&#8221;0px&#8221; button_border_radius=&#8221;0px&#8221; button_font=&#8221;Poppins||||||||&#8221; button_use_icon=&#8221;off&#8221; custom_margin=&#8221;||5px||false|false&#8221; custom_padding=&#8221;15px|25px|15px|25px|true|true&#8221; custom_padding_tablet=&#8221;15px|25px|15px|25px|true|true&#8221; custom_padding_phone=&#8221;15px|25px|15px|25px|true|true&#8221; custom_padding_last_edited=&#8221;on|tablet&#8221; button_text_size_tablet=&#8221;15px&#8221; button_text_size_phone=&#8221;15px&#8221; button_text_size_last_edited=&#8221;on|desktop&#8221; custom_css_free_form=&#8221;selector {width:100%;}&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; transform_styles__hover_enabled=&#8221;on|hover&#8221; button_text_size__hover_enabled=&#8221;on|hover&#8221; button_bg_color__hover_enabled=&#8221;on|desktop&#8221; button_bg_color__hover=&#8221;#ff612f&#8221; button_bg_enable_color__hover=&#8221;on&#8221; button_text_size__hover=&#8221;15px&#8221; transform_scale__hover_enabled=&#8221;on|hover&#8221; transform_translate__hover=&#8221;0px|-3px&#8221; transform_translate__hover_enabled=&#8221;on|desktop&#8221; transform_rotate__hover_enabled=&#8221;on|desktop&#8221; transform_skew__hover_enabled=&#8221;on|desktop&#8221; transform_origin__hover_enabled=&#8221;on|desktop&#8221;][\/et_pb_button][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; positioning=&#8221;none&#8221; position_origin_f=&#8221;top_right&#8221; vertical_offset=&#8221;188px&#8221; sticky_limit_bottom=&#8221;section&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<h1 class=\"entry-title\">Your Step-by-Step Guide to Private Limited Company Registration in Sri Lanka<\/h1>[\/et_pb_text][et_pb_text module_id=&#8221;Introduction&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<p><span style=\"font-weight: 400;\">Are you planning to start a new business in Sri Lanka? We, at Simplebooks, are here to make things more easy for you!<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><\/span><span style=\"font-weight: 400;\">Starting a business is no easy feat; it is more than ticking boxes and completing forms. It is about chasing your dream, building something of your own from scratch, and taking a big step into the future. But honestly, between all the required steps, the process can be a little overwhelming.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><span style=\"font-weight: 400;\">That\u2019s why we created this simple and easy to follow guide to walk you through registering your private limited company in Sri Lanka.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><span style=\"font-weight: 400;\">From choosing the right name to staying on top of your legal requirements, you will learn everything you need to confidently set up your business and launch it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><\/span><span style=\"font-weight: 400;\">So, let\u2019s take the first step. Your business journey starts here, with our help!<\/span><\/p>\n<h2>Why Register a Business?<\/h2>\n<p><span style=\"font-weight: 400;\">Registering your business is so much more than just ticking a box on a legal form; it\u2019s the cornerstone of building your own business that can grow. When you take the step to officially register your business in Sri Lanka, you\u2019re not just getting legal protection; you\u2019re also improving your credibility with customers and partners, opening doors to financing and investment opportunities, and qualifying for government contracts and tenders. That is why registration is the most important first step in transforming your business idea into a solid and respected venture.<\/span><span style=\"font-weight: 400;\"><\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Legal protection<\/b><span style=\"font-weight: 400;\"> for your business and personal assets<\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Credibility<\/b><span style=\"font-weight: 400;\"> with customers, suppliers, and banks<\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Access to finance<\/b><span style=\"font-weight: 400;\"> and investment opportunities<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><b>Eligibility<\/b><span> for government tenders and contracts<\/span><\/span><\/li>\n<\/ul>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<p>In this handbook, we break down the steps you need to take to register your business from gathering the right documents to signing your business\u00a0into\u00a0existence<\/p>[\/et_pb_text][et_pb_text module_id=&#8221;reverse-your-company-name&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<h2>1. Reserve Your Company Name<\/h2>\n<p><b>Brainstorm and Check Name Availability<\/b><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">Coming up with a name for your company is not just the first step in your registration journey; it\u2019s also one of the most exciting things to do! Begin by brainstorming a bunch of creative names that truly capture the essence of your brand and your business vision. If you\u2019re thinking about a name, you can check its availability first using the <\/span><a href=\"https:\/\/eroc.drc.gov.lk\/home\/search\"><span style=\"font-weight: 400;\">eROC system<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><b>Naming Rules and Restrictions<\/b><b><br \/><\/b><b><br \/><\/b><span style=\"font-weight: 400;\">When choosing a name for your company, make sure it\u2019s not the same as or too similar to any already registered businesses. Also, avoid using restricted terms like \u201cPresidential,\u201d \u201cNational,\u201d \u201cSri Lanka,\u201d or anything that might imply a connection to the government.<\/span><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><b>Use the Simplebooks Name Check Tool<\/b><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">We have made things more easy for you with our <\/span><a href=\"https:\/\/simplebooks.com\/srilanka\/company-name-check\/\"><span style=\"font-weight: 400;\">Company Name Check Tool<\/span><\/a><span style=\"font-weight: 400;\"> \u2014 just enter your chosen name and check its availability in just 5 minutes!<\/span><\/p>\n<p><b>Tips and Further Guidance<\/b><\/p>\n<p><span style=\"font-weight: 400;\">If you are looking for expert tips on choosing a catchy name that meets all the legal requirements, take a look at our detailed guide on <\/span><a href=\"https:\/\/simplebooks.com\/srilanka\/how-to-name-a-business\/\"><span style=\"font-weight: 400;\">How to Name a Business in Sri Lanka.<\/span><\/a><\/p>[\/et_pb_text][et_pb_text module_id=&#8221;appointing&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<h2><span>2. Appointing Directors for Your Company<\/span><\/h2>\n<p>Appointing directors for your company is important as they play a key role in guiding and managing the business. <span style=\"font-weight: 400;\">If you&#8217;re setting up a private company in Sri Lanka, you&#8217;ll need to have at least one director who is a resident of the country.\u00a0<\/span><br \/><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">Learn the director\u2019s role by reading <\/span><a href=\"https:\/\/simplebooks.com\/srilanka\/form-20-make-changes-to-directors\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">our blog<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/p>[\/et_pb_text][et_pb_text module_id=&#8221;appointing&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<h2>3. Appointing Shareholders for Your Company<\/h2>\n<p><b>Minimum Shareholder Requirements<\/b><b><br \/><\/b><b><br \/><\/b><span style=\"font-weight: 400;\">To set up a private company in Sri Lanka, you&#8217;ll need at least one shareholder, and you can have up to 50. These shareholders can be either individuals or other companies, including the directors themselves.<\/span><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><b>Adding and Transferring Shareholders<\/b><b><br \/><\/b><b><br \/><\/b><span style=\"font-weight: 400;\">When a company is registered, shareholders are included right from the start. If more people want to get involved later, they can do so by either issuing new shares or transferring existing ones, all in line with your company\u2019s articles.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">Want to learn more about Shareholders? Take a look at our detailed blog on <\/span><a href=\"https:\/\/simplebooks.com\/srilanka\/shareholder-agreement-sri-lanka\/\"><span style=\"font-weight: 400;\">Shareholders<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/p>[\/et_pb_text][et_pb_text module_id=&#8221;qualified&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<h2>4. Choose a Qualified Company secretary<\/h2>\n<p><b>Legal Requirement for Every Company<\/b><span style=\"font-weight: 400;\"><br \/><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Every business in Sri Lanka needs to have a company secretary. If your company\u2019s stated capital is LKR 500,000 or higher, or your annual turnover reaches at least LKR 1,000,000, it\u2019s a legal requirement to have a qualified secretary on board.<\/span><\/p>\n<p><b>Who Can Be a Qualified Company Secretary?<\/b><b><br \/><\/b><\/p>\n<p><span style=\"font-weight: 400;\">To qualify as a company secretary, a person must be at least 18 years old, a Sri Lankan citizen, and hold either a Certificate of Practice as a company secretary, be an Attorney-at-Law, or be affiliated with a recognized professional body such as the Institute of Chartered Accountants of Sri Lanka or the Chartered Governance Institute. Moreover, a registered company, sole proprietorship, or partnership can also act as your company secretary, as long as they comply with the required legal obligations.<\/span><\/p>\n<p><b>Main Duties of the Company Secretary<\/b><b><br \/><\/b><\/p>\n<p><span style=\"font-weight: 400;\">The company secretary is key to ensuring smooth operations. They take care of maintaining statutory records, filing documents with the relevant authorities, organizing meetings, recording minutes, and making sure your company remains legally compliant.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/p>\n<p><b>Learn More<\/b><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">To make things easier for you, we have created a detailed guide on everything you need to know about the <\/span><a href=\"https:\/\/simplebooks.com\/srilanka\/company-secretary\/\"><span style=\"font-weight: 400;\">Company Secretary in Sri Lanka<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">If you are looking for professional support with appointing or managing your company secretary, take a look at our <\/span><a href=\"https:\/\/simplebooks.com\/srilanka\/services\/company-secretary\/\"><span style=\"font-weight: 400;\">Company Secretary Services<\/span><\/a><span style=\"font-weight: 400;\"> guide to see how Simplebooks can help keep your business compliant and free from hassle.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/p>[\/et_pb_text][et_pb_text module_id=&#8221;registered-address&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<h2>5. Choosing Your Company\u2019s Registered Address<\/h2>\n<p><b>Local Address Requirement<\/b><b><br \/><\/b><b><br \/><\/b><span style=\"font-weight: 400;\">When you\u2019re registering a company in Sri Lanka, it\u2019s essential to have a local address. If your address features a clear unit number (for example, \u201c345 Galle Rd, Colombo 00300\u201d), the registration is generally straightforward and doesn\u2019t typically need extra verification. If you\u2019re in a rental situation, you can register your company first and then handle the lease under the company\u2019s name.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><b>Importance of a Reliable Address<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Remember, this address will be used by government bodies, banks, and tax offices for all official communications. It\u2019s crucial to select a trustworthy and accessible location to avoid missing any important updates or opportunities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you ever need to update your company\u2019s registered address, you can follow the step-by-step instructions in our guide: <\/span><a href=\"https:\/\/simplebooks.com\/srilanka\/form-13-how-to-change-your-registered-office-address\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">How to Change Your Registered Office Address<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/p>[\/et_pb_text][et_pb_text module_id=&#8221;next-step&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<h2>Next Steps<\/h2>\n<p><span style=\"font-weight: 400;\">Now that you learned everything from reserving a company name to choosing your company\u2019s registered address, the next step is preparing your documents.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><b>Preparing and Submitting Your Documents<\/b><\/p>\n<p><span style=\"font-weight: 400;\">If you want a stress-free registration experience, getting your paperwork sorted is key. Here\u2019s a list of documents you\u2019ll need:<\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Form 1 \u2013 Company Registration: Rs. 5,290 (inclusive of 15% VAT)<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">Form 18 \u2013 Consent and Certificate of Director: Rs. 2,645 (inclusive of 15% VAT)<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">Form 19 \u2013 Consent and Certificate of Secretary\/Secretaries: Rs. 2,645 (inclusive of 15% VAT)<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">To learn more about registering your company online in Sri Lanka, read our detailed blog post <\/span><a href=\"https:\/\/simplebooks.com\/srilanka\/online-company-registration\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><span style=\"font-weight: 400;\"><\/span><\/p>\n<p>\u00a0<span style=\"font-weight: 400;\">If you are looking for a detailed breakdown of each required form and helpful tips on how to complete them, don\u2019t forget to check out our guide <a href=\"https:\/\/simplebooks.com\/srilanka\/online-company-registration\/\" target=\"_blank\" rel=\"noopener\">online company registration blog<\/a>. <\/span><\/p>[\/et_pb_text][et_pb_text module_id=&#8221;aoa&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<h2>Articles of Association for Private Company Registration<\/h2>\n<p><span style=\"font-weight: 400;\">When starting a business in Sri Lanka, one of the essential documents you&#8217;ll need is the Articles of Association. This key document lays out how your company will function and clearly defines the rights and responsibilities of its shareholders. You have the option to use the standard version provided by the Companies Act or create a custom one, as long as it meets legal requirements.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/p>\n<p><span style=\"font-weight: 400;\">For a clear overview, useful tips, and example templates, don\u2019t miss our full guide: <\/span><a href=\"https:\/\/simplebooks.com\/srilanka\/articles-of-association\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Articles of Association in Sri Lanka<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><b>Step-by-Step Guidance Available<\/b><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">https:\/\/simplebooks.com\/srilanka\/online-company-registration\/<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For a detailed, step-by-step walkthrough of the online registration process, check out our guide on <\/span><a href=\"https:\/\/simplebooks.com\/srilanka\/online-company-registration\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Online Company Registration in Sri Lanka<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>[\/et_pb_text][et_pb_text module_id=&#8221;Step-by-Step&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<h2>Step-by-Step Guidance Available<\/h2>\n<p><span style=\"font-weight: 400;\">For a detailed, step-by-step walkthrough of the online registration process, check out our guide on <\/span><a href=\"https:\/\/simplebooks.com\/srilanka\/online-company-registration\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Online Company Registration in Sri Lanka<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>[\/et_pb_text][et_pb_text module_id=&#8221;simplebook-dashboard&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<h2>Manage Everything with Simplebooks Dashboard<\/h2>\n<p><span style=\"font-weight: 400;\">For added convenience, simply make use of the <\/span><a href=\"https:\/\/simplebooks.com\/srilanka\/simplebooks-dashboard\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Simplebooks Dashboard<\/span><\/a><span style=\"font-weight: 400;\">. It is designed to help you manage your documents and track your registration progress easily. And if you want to get started right away, don\u2019t forget to visit our <\/span><a href=\"https:\/\/simplebooks.com\/srilanka\/dashboard\/business-registration\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Private Limited Company Registration <\/span><span style=\"font-weight: 400;\">Dashboard<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><b>Let the Experts Handle It for You<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Do you prefer to have the experts manage everything for you?<\/span><span style=\"font-weight: 400;\"> With Simplebooks\u2019<\/span> <a href=\"https:\/\/simplebooks.com\/srilanka\/services\/register-a-company\/\"><span style=\"font-weight: 400;\">Private Limited Company Registration<\/span><span style=\"font-weight: 400;\"> Service<\/span><\/a><span style=\"font-weight: 400;\">, our team will take care of the entire process\u2014from document preparation to securing your Certificate of Incorporation\u2014so you can focus on confidently building your business.<\/span><\/p>[\/et_pb_text][et_pb_text module_id=&#8221;foreigners-register&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<h2>Can Foreigners Register a Company in Sri Lanka?<\/h2>\n<p><span style=\"font-weight: 400;\">Absolutely, foreigners can establish a <\/span><span style=\"font-weight: 400;\">private limited company <\/span><span style=\"font-weight: 400;\">and own shares in Sri Lanka. Just keep in mind that there are some important rules to follow.<\/span><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><b>Sectors Allowing Full Foreign Ownership<\/b><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><span style=\"font-weight: 400;\">In general, 100% foreign ownership is permitted in most industries. This means you can fully own your company in Sri Lanka, unless it\u2019s in a restricted sector. <\/span><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><b>Sectors with Foreign Ownership Restrictions<\/b><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some industries have restrictions or do not allow foreign shareholding:<\/span><span style=\"font-weight: 400;\"><\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No foreign ownership: Pawn broking, coastal fishing, and retail trade with foreign capital <\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">under USD 5 million.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Up to 40% foreign ownership: Sectors like agriculture, mining, mass communication, education, and travel\u2014unless you get special BOI approval.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">For a detailed step-by-step guide, make sure to read our guide on <\/span><a href=\"https:\/\/simplebooks.com\/srilanka\/company-registration\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">How to Register a Company in Sri Lanka as a Foreigner<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><span style=\"font-weight: 400;\"><\/span><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><b>Post Registration Process\u00a0<\/b><b><br \/><\/b><b><br \/><\/b><span style=\"font-weight: 400;\">Once you have successfully completed your PVT Ltd company registration in Sri Lanka, you can move onto the post-registration process. For this, you need to:<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><b>Arrange company stamps<\/b><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">These include stamps for the company, directors, and secretary.<\/span><\/p>\n<p><b>Apply for the Tax Identification Number (TIN)<\/b><b><br \/><\/b><b><br \/><\/b><span style=\"font-weight: 400;\">For an in-depth step-by-step guide and the newest updates, make sure to explore our articles!<\/span><span style=\"font-weight: 400;\"><\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/simplebooks.com\/srilanka\/tax-identification-number-sri-lanka\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">How to Get a TIN Number in Sri Lanka<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/simplebooks.com\/srilanka\/tin-registration-in-sri-lanka-latest-update\/\" target=\"_blank\" rel=\"noopener\">TIN Registration in Sri Lanka \u2013 Latest Update<\/a><\/li>\n<\/ul>\n<p><b>Open a Bank Account for Your <\/b><b>Private Limited Company\u00a0<\/b><\/p>\n<p><b><br \/><\/b><b>Choosing the Right Bank and Branch<\/b><\/p>\n<p><span style=\"font-weight: 400;\">When it comes to choosing the right bank and branch for your business, it\u2019s important to pick a reputable institution and a location that\u2019s easy for you to access. Think about factors such as how accessible the branch is, what business banking services they offer, and the overall reputation of the bank. Keep in mind that only licensed commercial banks can set up current accounts for cheque transactions<\/span><\/p>\n<p><b>Selecting the Appropriate Account Type<\/b><b><\/b><\/p>\n<p><span style=\"font-weight: 400;\">Pick the account type that fits your needs:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Current Account: Required for issuing cheques; usually has a minimum balance.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Savings or Money Market Account: Suitable if you don\u2019t need cheques and want to earn interest.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Foreign Currency Account: For handling international transactions, with proof of foreign currency inflows.<\/span><span style=\"font-weight: 400;\"><\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><i>Here&#8217;s a tip: To get the best interest on your extra cash, consider linking a money market account with your current account.<\/i><i><br \/><\/i><\/span><\/p>[\/et_pb_text][et_pb_text module_id=&#8221;epf-etf&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<h2>Register the company for EPF and ETF<\/h2>\n<p><span style=\"font-weight: 400;\">Managing the Employee Provident Fund and Employee Trust Fund (EPF and ETF) can be quite a task for those who run private limited companies inSri Lanka. <\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Take a look at <\/span><a href=\"https:\/\/simplebooks.com\/srilanka\/epf-etf\/\"><span style=\"font-weight: 400;\">our guide<\/span><\/a><span style=\"font-weight: 400;\"> and learn everything you need to know about EPF and ETF in Sri Lanka, from getting registered to making those all-important payments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><\/span><span style=\"font-weight: 400;\">Simplebooks is your one-stop shop for everything you need to register, manage, and grow your company in Sri Lanka.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">Consult one of our experts today \u2014 we are here to help every step of the way!<\/span><\/p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#FFFFFF&#8221; positioning=&#8221;none&#8221; position_origin_f=&#8221;top_right&#8221; vertical_offset=&#8221;188px&#8221; custom_padding=&#8221;25px|20px|25px|20px|true|true&#8221; sticky_position=&#8221;top&#8221; sticky_limit_bottom=&#8221;section&#8221; sticky_position_tablet=&#8221;none&#8221; sticky_position_phone=&#8221;none&#8221; sticky_position_last_edited=&#8221;on|phone&#8221; border_radii=&#8221;on|15px|15px|15px|15px&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Poppins|700|||||||&#8221; text_text_color=&#8221;#3c5ccf&#8221; text_font_size=&#8221;18px&#8221; header_line_height=&#8221;40px&#8221; header_2_line_height=&#8221;32px&#8221; header_3_font=&#8221;Poppins|600|||||||&#8221; header_3_font_size=&#8221;25px&#8221; header_3_line_height=&#8221;30px&#8221; text_font_size_tablet=&#8221;&#8221; text_font_size_phone=&#8221;&#8221; text_font_size_last_edited=&#8221;on|desktop&#8221; header_font_size_tablet=&#8221;&#8221; header_font_size_phone=&#8221;&#8221; header_font_size_last_edited=&#8221;on|desktop&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;%91%93&#8243;]<p>Have more questions?<\/p>[\/et_pb_text][et_pb_code module_class=&#8221;blog-right-cta&#8221; _builder_version=&#8221;4.21.0&#8243; 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