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Clients Testimonials

  • RIVERSTAR FASHION WEAR LIMITED

    It’s a garments industry in Bangladesh was incorporated and setup through this consultancy firm. Government permission and all other permission were managed by them. Well-done S & F CONSULTING FIRM LIMITED RIVERSTAR FASHION WEAR LIMITED-Germany
    PATRICK BACKHAUS, Director, Germany
  • K.M. Dastur & Company Private Limited-Malaysia

    Excellent in a word, they are professional are smarter, made the jobs done in time. Thanks to the entire team of S & F CONSULTING FIRM LIMITED.

    K.M. Dastur & Company Private Ltd-Malaysia


    Sydul Islam, Country Manager (branch office)
  • BLACKnGREEN LIMITED-India

    S & F CONSULTING FIRM LIMITED is a professional foreign company registration, formation consultancy services provider. We are happy & thankful to them. BLACKnGREEN LIMITED-India
    Karthik Shankar, Chairman, India
  • GOLD WELL RESOURCES PVT LTD

    This is to certify that S & F CONSULTING FIRM LIMITED works with honesty & sincerity to set up our company, accounts & legal services. They are like a safe guard of my company. GOLD WELL RESOURCES PVT LTD
    LIM KOK KAH, Chairman of the company, Singapore
  • ERTELL LIMITED

    I am happy to provide a reference for the S & F CONSULTING FIRM LIMITED, a Company Formation & Legal firm have worked with satisfaction. ERTELL LIMITED
    Javier Parez, Chariman, ERTELL LTD, Spain
  • BESTINET SDN BHD-Malaysia

    To Whom It May Concern It is my pleasure to recommend S & F Consulting Firm Limited to register our company. They have good knowledge on foreign investment, business incorporation and/ or formation law.

    BESTINET SDN BHD-Malaysia


    Baizura Rahmat, Manager- Operation
  • NIPRO ASIA-Singapore

    We are very glad for the services of S & F Consulting Firm Limited. It's a professional consultancy firm who support us accounts, audit, income tax and renewal licenses for a longer. We are happy for their people and services.

    Wish you all the best !

    NIPRO ASIA PTE LTD-Singapore  
    Sadekin Nawaz Khan, Country Manager

Incorporation Certificate

Sri Lanka Foreign Company Registration

Our guide line will help you detail indication of new company registration / incorporation requirements of LLC, cost, time frame, business license, process for registering a private limited company in Sri Lanka and information of how to register/ incorporate a company in Sri Lanka for foreigner?

<img src="Sri-Lanka.jpg" alt="Sri Lanka Foreign Company Registration">
Sri Lanka Foreign Company Registration

Sri Lanka Foreign Company Registration, Formation

  • Ensure institution Name , a place what shall be used correspondence, MOA, Papers those are attested by the person of government endorsed, license for starting, and others those required permissions including VAT to doing foreign trading;
  • As law of the country a private limited corporation is created by minimum two share members whereas maximum number of share members are fifty , in case of public corporation minimum share members are seven where at least two shall hold position of directors;
  • To begin fresh enterprise publish it in three news papers in Sri Lanka foreign company registration, formation ;
  • Company Secretary hire is one condition to establishment nonresident entity ;
  • Fresh entity is created where nonresident may hold maximum forty percent of shares as information of Sri Lanka foreign company registration and setup;
  • Without BOI approval no such entity is permitted to begin operation;
  • Fresh business can be incorporation without earlier approval of SEC;
  • Minimum 21 days are required to complete process of company registration in Sri Lanka;
  • As guide of Sri Lanka foreign company registration retail business as foreigner is not allowed normally unless meets the condition of remittance of US$ million;
  • Cost to register a company in Sri Lanka is not fixed but approximately SLR 180,000 to SLR 220,000 that vary upon types of business and capital of investment;
  • As our guide line of Sri Lanka foreign company registration you may need of time 3 weeks to 3 months to complete whole registration process in Sri Lanka.
  • 100 percent foreign ownership company is allowed as law of Sri Lanka but most of the cases 51 percent holds by local partner and 49 percent by foreign partners in case of JV (joint Venturing) company.
  • In case of Sri Lanka foreign company registration for Import Company US$ 1M may require to be remitted at bank account.
  • Government annual fee is SLRs 60,000 Plus (-) to renew licensing and return filing.
  • Further information of setting up business and Sri Lanka foreign company registration, current fdi position of Sri Lanka is US$ 925,280,499 (+/-). Offshore enterprise
  • It is a popular way of establishing nonresident corporation that cannot do business directly but look after them as Sri Lanka foreign company registration procedure;

At a glance of company registration in Sri Lanka

Company Act 2007 of no. 7
Name approval time 1-2 days, if no conflict occur
Required forms to be filled Form 1, 18 and form 19
What is form 1?  Company registration information
What is form 18?  Certificate of the directors
What is form 19?  Certificate of the Company Secretary
Memorandum & Article of Association As Company Act, 2007 under 7
Paper advertisement Placing information, contact number, parent company place and must publish in one English news paper including local language news paper.
Government Fees RS 15,000 (approximately)
Consultancy fees US $ 2000, 3000 and 7000 as category
Time line (company registration) 30 days max
Company registration From registrar office and/ or BOI
Corporate tax rate 35 percent

Process of company incorporation in Sri Lanka

Name approval

  1. Need to be search the government portal to check availability of proposed name;
  2. Fill up name search form A16 collecting from counter of Registrar Office;
  3. Ensure Rs 1110 with VAT to be deposited to counter of Registrar Office for name booking;
  4. The Registrar is the supreme authority to be approved the name of the company;

Register a private limited company

  1. After getting name approval Form no. 1, Form 18, Form 19 and Memorandum & Article of Association have to be printed;
  2. All documents have to submit to the counter of Registrar Office with registration fees of Rs nineteen thousand nine hundred eighty and VAT;
  3. Within 30 working days of incorporation a company shall publish in news papers as follows:
<img src="Image/Paper_advertisement.jpg" alt="Paper advertisement for new company incorporation in Sri Lanka"/>
Paper advertisement for new company incorporation in Sri Lanka

Note: As section 3 if companies do not violate limitation BOI approval will not come in picture otherwise BOI approval is required for the foreign investors.

Register a limited company

  • Required all above papers and/ or information to be registered except two major steps are such companies cannot offer public share
  • As membership limitation maximum fifty share holders are allowed as private limited company in Sri Lanka.

Branch Office open in Sri Lanka

  • The following information and documents are required as guide line of Sri Lanka foreign company registration (Branch Office of foreign LLC):
  • There are different approval papers of the mother corporation with attested by embassy;
  • Meeting decision from sponsors;
  • Power given a human , local agent, who shall proceed taking liabilities in favor of mother organization;
  • About more a month (4 weeks ) might needful to complete registration process;
  • Enclosed documents conversion in English;

 Representative office

  • Setup such office is like liaison office but exceptions are it is free from tax and cannot involve in trading;

Joint venture Company registration in Sri Lanka

  • Joint venture company registration in Sri Lanka is formed between parties upon agreement of trading with many terms and conditions and clauses as business and services;
Income Tax return of Sri Lanka
  • Entity dividend and royalty tax start from ten to fifteen percent as information of Sri Lanka Inland Revenue;
  • Corporate tax rate is thirty five percent;
  • Twelve point five percent tax is applicable on exporting goods;
  • Tax incentives facilities available on particular goods those entities are situated within area of free zone in Sri Lanka;
  • Corporation tax holiday enjoy for three to seven years;
  • You can find income tax return information in Sri Lanka (Personal & corporate)
Fees of new company registration in Sri Lanka

Fees of company registration in Sri Lanka is given as chart

As Form 1 Rs. 15,000 (Government fees)
For, Form 18 Rs. 1000 (Government fees)
For, Form 19 Rs. 1000 (Government fees)
For, article of association Rs. 1000, (Government fees)
Note: Fifteen percent VAT will be applicable on all above fees. 
Consultancy fees category “A” US$ 1999 (for small size company).
Consultancy fees category “B” US$ 2999(for medium size company)
Consultancy fees category “C” US$ 6999 (for big size company)

 

<img src="Image/Fees_company.jpg" alt="Fees of new company incorporation in Sri Lanka"/>

 

S & F CONSULTING FIRM LIMITED

Email us: contact@sfconsultingbd.com

Colombo-8, Sri Lanka

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