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Sri Lanka Company Formation

Your Gateway to the South Asian Market

Capitalize on Sri Lanka's strategic location and emerging economy. We provide comprehensive services for establishing your business, from simple PLC setup to full BOI-approved entities.

Why Invest in Sri Lanka?

Unlock the potential of one of South Asia's most dynamic economies.

Strategic Location

Positioned on major shipping routes, offering a gateway to South Asia, the Middle East, and beyond.

Growing Economy

Benefit from a developing market with significant growth potential in IT, tourism, and manufacturing.

Skilled Workforce

Access a highly literate and cost-effective English-speaking talent pool, especially in IT and finance.

Investment Incentives

Leverage tax holidays, concessions, and customs duty exemptions through the Board of Investment (BOI).

Sri Lanka Formation Packages

Tailored solutions for your entry into the Sri Lankan market.

Essential PLC Starter

Basic Private Limited Company setup for new ventures.

195,000 LKR

($650 USD)

7-10 business days

Package Includes:

PLC RegistrationStandard ArticlesDigital Docs

Features:

  • Company Name Reservation (Form 1A)
  • Articles of Association Preparation
  • Registration with Registrar of Companies
  • Form 1, 18, and 19 Filings
  • Digital Certificate of Incorporation
  • Basic Compliance Guidance
Most Popular
Professional PLC Advantage

Comprehensive package with tax registration and banking support.

285,000 LKR

($950 USD)

5-7 business days

Package Includes:

Full PLC SetupTax RegistrationBanking IntroPriority Service

Features:

  • All Essential Features
  • Taxpayer Identification Number (TIN) Registration
  • VAT Registration Assistance
  • Corporate Bank Account Introduction & Support
  • Certified True Copies of Corporate Documents
  • Priority Support
Premium BOI Package

Complete setup with Board of Investment (BOI) approval for foreign investors.

450,000 LKR

($1,500 USD)

Varies (BOI process dependent)

Package Includes:

BOI Approved PLCVisa AssistanceVirtual OfficeDedicated Manager

Features:

  • All Professional Features
  • BOI Application Preparation & Filing
  • Guidance on Investment Agreements (Section 17)
  • Assistance with Visa for Directors/Shareholders
  • Dedicated Account Manager
  • 1 Year Virtual Office Address
Branch Office Registration

Establish a registered presence for a foreign company in Sri Lanka.

Contact Us

15-20 business days

Package Includes:

Branch SetupAuthorized PersonCompliance Mgmt

Features:

  • Registration of an Overseas Company
  • Appointment of an Authorized Person
  • Filing of Certified Parent Company Documents
  • Bank Account Opening Support
  • Annual Compliance Management
  • Legal Advisory on Branch Operations

Available Business Structures

Flexible corporate entities to suit your investment strategy.

Private Limited Company (PLC)

The most common entity for foreign and local investors, offering limited liability to its shareholders. Ideal for most commercial operations.

Min Capital:

No official minimum

Shareholders:

1-50

Branch Office

An extension of a foreign parent company, suitable for carrying out the same business activities in Sri Lanka. Liability extends to the parent company.

Min Capital:

N/A

Shareholders:

Parent Company

Additional Corporate Services

Full-spectrum support for your business in Sri Lanka.

Corporate Secretarial Services

Ensure statutory compliance with our professional secretarial services.

120,000 LKR

($400 USD)

Per Year
BOI Approval Facilitation

Navigate the Board of Investment approval process for special incentives.

180,000 LKR

($600 USD)

One-time
Trademark Registration

Protect your brand and intellectual property in Sri Lanka.

90,000 LKR

($300 USD)

Per Class
Annual Return Filing

Includes preparation and filing of the annual return with the Registrar.

45,000 LKR

($150 USD)

Annually

Our Clear & Efficient Formation Process

A step-by-step guide to establishing your company in Sri Lanka.

1

Name Approval & Structuring

1-2 days

We check the availability of your desired company name and advise on the optimal shareholding structure.

2

Document Preparation

2-3 days

We draft the Articles of Association and prepare all required registration forms (Form 1, 18, 19).

3

Registration with Registrar

3-5 days

All documents are filed with the Department of Registrar of Companies. A public notice is also published.

4

Issuance of Certificate

1 day

The Registrar issues the Certificate of Incorporation, officially bringing your company into existence.

5

Post-Incorporation Setup

Ongoing

We proceed with TIN registration, bank account opening support, and deliver your complete corporate kit.

Annual Compliance Obligations

Key requirements for maintaining your company in good standing.

  • Appoint a qualified Company Secretary.
  • Maintain a registered office in Sri Lanka.
  • File an Annual Return with the Registrar of Companies.
  • Hold an Annual General Meeting (AGM) of shareholders.
  • Maintain proper accounting records and prepare annual financial statements.
  • Comply with tax obligations, including filing income tax and VAT returns.

Frequently Asked Questions

Answers to common queries about forming a company in Sri Lanka.

Can foreigners own 100% of a company in Sri Lanka?

Yes, in most sectors, foreigners can have 100% ownership of a Private Limited Company. However, certain industries like land ownership, money lending, and coastal fishing have restrictions. BOI approval often facilitates 100% foreign ownership even in restricted areas.

What is the role of the Board of Investment (BOI)?

The BOI is the primary government agency for promoting and facilitating foreign direct investment. Registering with the BOI provides access to significant incentives, such as tax holidays, import duty exemptions, and streamlined approvals, especially for large-scale or export-oriented projects.

What are the main corporate taxes in Sri Lanka?

The standard corporate income tax rate is 30%. However, specific industries like manufacturing, education, and healthcare may have concessionary rates. Additionally, there is Value Added Tax (VAT) and other indirect taxes to consider.

Is it easy to open a corporate bank account?

Yes, once the company is incorporated, opening a bank account is straightforward. You will need the Certificate of Incorporation and other corporate documents. We assist in preparing the necessary paperwork and introducing you to major local and international banks.

Can profits be repatriated from Sri Lanka?

Yes, Sri Lanka's foreign exchange regulations permit the repatriation of profits and capital. For foreign investors, this is typically done through a special Inward Investment Account (IIA) opened with a commercial bank.

Begin Your Sri Lankan Business Journey

Our expert team is ready to guide you through every step of the process. Contact us today for a personalized consultation and unlock the opportunities awaiting in Sri Lanka.