Looking for a stress-free business setup in Sri Lanka? Connect with our team at Enterworld to establish a 100% foreign-owned business setup for entrepreneurs from all over the globe.
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10 to 14 Business Days
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1 to 2 Business Days
Opening Bank Account
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A private limited company is a legal business owned and managed by 2 private shareholders and 1 director who are limited in liability to the extent of their shareholdings. A private limited company cannot raise capital through public shares.
A public limited company (PLC) is a legal business entity fully owned and managed by two public shareholders and two directors. Their liability towards the business is limited. They are legally authorized to issue shares to the public through the stock exchange.
Sole Proprietorship is a legal business setup operated by a single individual with unlimited personal liability for all debts and obligations. A sole proprietorship is considered the simplest form of business structure, and it requires no capital to operate a business in Sri Lanka.
Partnership business is a setup owned by 2 or more individuals having share in profits, losses, and unlimited personal liability. Simply, a partnership business is similar to a business of sole proprietorship based on an agreement between 2 or more people who comes together to do business.
Overseas company is a foreign business structure registered outside Sri Lanks and is governed by the norms specified by the parent company in its home country. It acts as a branch office of the parent company obliged to publish the financial reports of the company in the Sinhalese language.
An offshore company is a legal business setup allowed to conduct business outside of Sri Lanka. However, this form of business structure cannot conduct business within the jurisdiction of Sri Lanka, but it is still allowed to be registered under the Registrar General of Companies of Sri Lanka. Sri Lankan laws govern offshore company registration.
A Joint Venture is a business partnership between two or more foreign companies or any other company in Sri Lanka. A joint venture can either be incorporated or can operate as an unincorporated partnership.
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The first requires the foreign entrepreneurs to conduct research and apply for the reservation of unique business name with the Department of Registrar of Companies.
Drafting and preparation of mandatory incorporation documents for submission to the Registrar of Companies (ROC) is crucial for initiating the process of business setup in Sri Lanka.
Next, the foreign applicants are required to file the registration application and other necessary documents with the Department of Registrar of Companies. The submission of the documents and application form must be made in consonance with the registration for further review.
Upon the successful verification of all the documents and applications submitted, the foreign entrepreneurs obtain a certificate of incorporation and certificate of business commencement from the Department of Registrar of Companies.
After completing all the steps for business setup, the foreign entrepreneurs are legally authorized to give public notice or publish in the Government’s gazette/ newspaper within 30 days of business incorporation (including information pertaining to the company’s registration number, its name, and registered address).
Sri Lanka, a developing economy, embraces the ideology of encouraging foreign investments within the country. The recent GDP growth of the economy consistently heightens investors' interest in Sri Lanka as an ideal destination for business investments.
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Setting up a business in Sri Lanka's strategic geographical location offers entities wider access to trade and connectivity within the global markets. Hence, it is considered an ideal location for establishing a business hub.
Sri Lanka's investor-friendly policies attract various foreign investors who enjoy 100% foreign ownership and attractive tax incentives for their business setup. This simply creates a favourable business environment to encourage business setup in Sri Lanka.
Foreign entrepreneurs establishing their business in Sri Lanka have easy access to a skilled and educated workforce at a reasonable cost. The expertise and local professionals assist the businesses in driving innovative business growth.
Starting a business in Sri Lanka's ever-growing economy capitalizes on the growth and expansion of business entrepreneurs through substantial infrastructure development and increasing foreign investment opportunities.
Sri Lanka is ranked as the most desirable location for starting a business due to its lucrative free trade agreements with major neighbouring countries, which allow businesses to freely trade without tariffs and other obstacles.
Sri Lanka is considered among the safest countries as it guarantees the business setups making investments and protects from double taxation under the double taxation avoidance agreement signed with 38 nations.
We are glad to share encouraging words from our clients. Have a look at the testimonials.
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“I had a very disappointing experience with Enterwold. I paid 100% advance for a government certificate after they assured me it would be completed wit..
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