ASAC - Sri Lanka Company Registration: Cost, Timeline & FAQs

How Much Will It Cost to Register a Company in Sri Lanka?

The cost of company registration in Sri Lanka depends on the type of business entity. Here’s an estimate:

Private Limited Company: LKR 25,000 – LKR 40,000 (official fees, excluding legal and secretarial charges)
Public Limited Company: LKR 35,000 – LKR 60,000
Partnership or Sole Proprietorship: LKR 5,000 – LKR 10,000
Additional Costs: Notary fees, tax registration, and company secretary charges

Is a Company Secretary Required?

Yes, a Company Secretary in Sri Lanka is legally required for private and public limited companies. A certified Sri Lanka Company Secretary ensures compliance with regulatory procedures.

How Many Days Will It Take to Register a Company in Sri Lanka?

The timeline for company registration varies:

Name Approval: 1–3 working days
Document Submission & Approval: 3–5 working days
Certificate Issuance: 7–10 working days
Tax & Bank Account Setup: Additional 2–3 weeks

For faster processing, it’s best to hire Company Registration Agents in Sri Lanka who streamline the paperwork.

Who Can Help Me Register a Company in Sri Lanka?

There are several professionals who can assist:

Business Registration Experts – Offer end-to-end company formation support
Tax Consultants – Help with taxation & compliance
Legal Advisors – Draft contracts and agreements
Government Authorities – Department of Registrar of Companies (ROC) oversees registration

Need a Tax Agent to Register a Company in Sri Lanka? Hiring an expert ensures tax compliance from day one.

Common Questions About Sri Lanka Business Registration

Do I Need a Tax Agent for Company Registration?

Not mandatory, but highly recommended for compliance.

What Are the Business Types Available?

Sole Proprietorship
Private/Public Limited Companies
Partnerships
Foreign Branches

What Documents Are Required?

Business name approval
Articles of Association
Shareholder & Director details
Address proof
Tax registration documents

For a smoother process, consult a Trusted Company Formation Expert in Sri Lanka who can guide you step by step.

Conclusion

Registering a business in Sri Lanka involves key steps, costs, and legal requirements. By working with certified professionals like a Company Secretary in Sri Lanka and legal advisors, you can ensure compliance and start your business hassle-free.

Need more insights or professional assistance? Contact ASAC Sri Lanka Business Registration Consultants today!