Company Registration
Take the first step towards entrepreneurship, Register your own business! We guide every individual aspiring to be a successful businessman and entrepreneur to implement their business ideas by assisting them through the Process of Company Registration
Name
- The Decided Name of the Company must be Unique, and must not Imitate a Government Institutions Name
- Registrar of Companies does not Approve Company Names Including “Sri Lanka”
- Ministry Approval is Required to use Words such as “Finance”, “School”, “College”, “university” in the Company Name
- The Objectives must be Published in a National Newspaper for Public Scrutiny When Registering an Association
Address
- You Require a Local Address that is not a Post Office Box to Register a Company in Sri Lanka
Documents
- Objectives of the Company must be Declared to the RoC along with a Copy of the Articles
- ID Cards (NIC) of Local Individuals who are Designated as Shareholders and Directors
- And Valid Passport for Foreigners are Required to Register a Company in Sri Lanka
Director
- A Single Individual above 18 years of Age can be a Director of a Company Registered in Sri Lanka
- Hence a Company or Partnership cannot be a Director of a Company
- Maximum number of Directors of a Company is 20, while Minimum is 1
- Directors are Responsible for Everything in the Company
Secretary
- Every Company Needs one Registered Secretary at All Times.
Shareholder
- An Individual Above 18 Years of Age can be a Shareholder
- Furthermore, Companies or Partnerships can also be Shareholders of a Company Registered in Sri Lanka
- Maximum number of Shareholders of a Company is 50, while Minimum is 1
- Minimum Capital Required is Rs.1 to Register a Company in Sri Lanka
- Shareholders are the Owners of the Company and therefore cannot be Changed by Force