Company registration is only the first step of running a law-abiding company in Sri Lanka. There are two packages to choose from depending on your requirements. Plus, the old extra step of submitting a share allocation form for founders is no longer needed right away—only when you issue shares later. As a sole trader, you’ll still be able to employ other individuals. Wise Business is here to make managing finances during international expansion less stressful. 💡 One thing you're sure to need is a business account that can handle international transactions. If you’re a US citizen thinking about starting a business in Sri Lanka, you’d be wise to arrive with a plan. Their support in building fintech software is amazing.” They have completed our NBFC registration order within stipulated time period of 90 days. Sri Lanka is a beautiful island country with a free-market ideology that offers several benefits for foreign invest... Enterslice will provide complete guidance to help you select the most suitable entity for your business needs. Choosing the right entity can feel confusing, especially if you are new to Sri Lanka’s business laws. Choosing the right entity will support your business growth and help build a credible business in Sri Lanka. CLA Consultants can provide our Clients with a company secretary, as well as a registered address in Sri Lanka which is also required to complete setup of a company in Sri Lanka. Setting up a Sri Lanka LLC requires at least one director and two shareholders, who can be of any nationality. Starting a jewellery business in Sri Lanka involves understanding the local market, registering the company, etc. Officers check names, addresses, signatures, share details, and whether the Articles match the details on Form 1. During registration, the portal asks for basic contact details and sometimes identity verification, so I keep a NIC or passport nearby. It also sets out the proposed share capital, who the first shareholders are, and how many shares each of them takes. See this page for details of an excellent solution for international trade. PLC can be publicly traded on the stock market and is allowed to raise capital by selling shares. So, whether https://entryly.net/ ’re a solo entrepreneur or starting a business with others, incorporation is open to you — with a few important legal steps. You'll have access to our client portal to track progress in real-time throughout the entire process. Our team will review everything within 24 hours and guide you through the next steps. First, choose your preferred package (UK or US company formation). For UK companies, we also require a registered office address (which we can provide). We also support clients from other countries looking to establish international businesses. Our services are designed specifically for international clients, and we handle all the complexities of cross-border business formation. We specialize in helping Sri Lankan entrepreneurs expand internationally with speed, reliability, and tailored support every step of the way. Join 5000+ Sri Lankan founders who've unlocked international markets with our US LLC and UK company registration. The country has investor-friendly policies with easy access to the global market and excellent free-trade agreements. Sri Lanka, a growing centre for entrepreneurship and investment, provides a business-friendly atmosphere for both domestic as well as international investors. Advice.lk is not a law firm or a registration agency, but a locally rooted information platform that collects, tests, and explains processes in clear language. This return confirms the registered address, director and shareholder details, and current share capital as at a certain date. At least once each calendar year, the company must hold an Annual General Meeting (AGM) of shareholders. In many sectors, foreign investors can establish and own a private limited company, and full foreign ownership is permitted in a large part of the economy.2 The paperwork is still fairly hands-on, and some steps are easier in person than online. A fee is payable when submitting the application, and some Secretariats may ask for extra supporting letters depending on the type of activity. The owner must provide a valid National Identity Card, along with proof of the business address such as a utility bill or letter from the local authority. Sri Lanka is also moving towards a national Digital ID system planned around 2026, which should make online verification for these processes smoother over time. Some follow-up steps, such as publishing notices in newspapers or obtaining certain sector licences, still need offline action. One person owns the business, and in law there is no separation between that person and the business itself. For most readers who want to grow, hire staff, or bring in investors, a private limited company is usually the safest base. By the time this guide ends, there should be a clear, honest roadmap from idea to legally registered business, with no hidden twists. Whether the plan is a one-person freelance setup, a serious private company, or a foreign-owned project, the steps are very similar.