Eligibility Criteria for Company Registration in Sri Lanka

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Sri Lanka's strategic location, supportive government policies, skilled workforce, and diverse economic landscape make it an attractive destination for company registration and business ventures. To register a company in Sri Lanka, meeting specific eligibility criteria is essential. Firstly, the company must have a minimum of one director and one shareholder. Both directors and shareholders can be individuals or corporate entities, and there is no requirement for them to be Sri Lankan residents. However, at least one director must be a natural person.

A registered office address within Sri Lanka is mandatory for all companies, serving as the official location for receiving legal documents and correspondence. Additionally, the proposed company name must be unique and not resemble existing company names to avoid rejection by the Registrar of Companies.

Capital requirements vary depending on the type of business entity being registered. While there is no mandatory minimum capital for private companies, certain industries may have specific capital requirements stipulated by relevant authorities.

Furthermore, foreign investors are permitted to own 100% of the company, except in restricted sectors where local partnerships or government approvals are required. Compliance with all regulatory and legal requirements, including obtaining necessary licenses and permits based on the nature of the business, is crucial.

Understanding and fulfilling these criteria ensures a smooth business registration process, paving the way for a successful business venture in Sri Lanka.

Learn More: Company Registration Process in Bangladesh

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