Best Business Registration Lawyers in Colombo

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TRIVE LEGAL ASSOCIATES
Colombo, Sri Lanka

Founded in 2000
50 people in their team
Sinhala
English
Tamil
OverviewRanging from the work of an Instructing Attorney to fully fledged Counsel in the Courts of First Instance, Appellate Courts and any other for a. We also facilitate mediations, arbitrations, negotiations, settlementWe specialize in Company Law, Commercial Law, Intellectual Property, Shipping...
Continental Law AssocIates
Colombo, Sri Lanka

Founded in 2000
50 people in their team
Sinhala
English
Tamil
ABOUT USEstablished in the year 2000, we take pride in our nearly two decades long legal practice providing feasible solutions to the legal needs of clients in a multitude of areas. The firm has had hands on experience, specializing in Commercial Law, Local and International Arbitration, Civil Law...
Layards and Stuart
Colombo, Sri Lanka

Founded in 2000
50 people in their team
Sinhala
Tamil
English
Who we are and how we workLayards & Stuart is a law firm based in Colombo, Sri Lanka providing quality legal advice, solutions and representation to both local and international corporate clients. Our experience in cross-border and emerging economies gives us the market perspective to be your...
Julius & Creasy
Colombo, Sri Lanka

Founded in 1879
200 people in their team
Sinhala
English
Tamil
Our HistoryWith its near 140 year history Julius & Creasy is one of the oldest law Firms in Sri Lanka, while also being the largest. Its reputation is one that has been built on rich tradition as well as the caliber of professionals passing through its corridors.The beginnings of the...
Premier Legal Consultants
Colombo, Sri Lanka

Founded in 2000
50 people in their team
Sinhala
English
Tamil
Premier Legal Consultants is a law firm established in Sri Lanka. Our team of lawyers are committed in providing high quality and timely legal services to our clients. We provide a range of legal services for both local and international clients.Premier Legal Consultants is a law firm established...
Paul Ratnayeke Associates
Colombo, Sri Lanka

Founded in 1987
50 people in their team
Sinhala
Tamil
English
Paul Ratnayeke AssociatesPaul Ratnayeke Associates was founded in 1987 by its Senior Partner, Mr. J. H. Paul Ratnayeke to create a more focused, efficient and responsive practice in the fields of Corporate, Commercial, Litigation and Financial law.The firm ensures that all clients’ legal needs...
Gregory's Partners
Colombo, Sri Lanka

Founded in 1970
200 people in their team
Sinhala
English
Tamil
AboutThe Sri Lankan economy and therefore its legal system has traditionally been influenced by the island’s colonial past. Thus, the legal profession in Sri Lanka was traditionally divided into two fractions based on functionality influenced by a similar divide in the English Legal system.The...
F J & G de Saram
Colombo, Sri Lanka

Founded in 1841
200 people in their team
Sinhala
Tamil
English
The FirmHistoryF. J. & G. de Saram is the oldest law firm in Sri Lanka.The practice was commenced in 1841 by F. J. de Saram. Snr., the same year in which the overland emigration to California began by wagon trail. Melbourne in Australia was founded only six years before that.In Sri Lanka those...
Macon Associates
Colombo, Sri Lanka

Founded in 2000
50 people in their team
Sinhala
English
Tamil
ABOUT MACONSWHO WE AREMacon Associates specialize in providing total corporate and legal solutions to individuals and businesses. We are committed to maintaining integrity and ethical dealings while protecting your interests.Our philosophy is to provide cost-effective and timely solutions, while...
Colombo Law Alliance (CLA)
Colombo, Sri Lanka

Founded in 2012
50 people in their team
Introduction to CLAThe team at CLA brings together extensive experience and expertise in providing specialized legal services to a substantial network of clients both in the private sector and the public sector. These services are provided in connection with litigation, arbitration, negotiation of...
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About Business Registration Law in Colombo, Sri Lanka

Business registration in Colombo, Sri Lanka is regulated by the Department of the Registrar of Companies. Businesses, depending on their type -- whether sole proprietorship, partnership, limited liability, or a public or private company -- must be registered to operate lawfully. The process includes verifying the business name, filing the necessary framework (articles of association, memorandum, etc.), and obtaining a Certificate of Incorporation. In adherence to local laws and regulations, it is crucial to comprehend all legal requirements and eventualities to avoid any legal issues later.

Why You May Need a Lawyer

Legal guidance is often beneficial in the maze of business registration. Attorneys can provide direction in understanding the intricacies of the process, complying with legal requirements, and structuring your business to avoid future mishaps. Acquiring expert advice can prove invaluable when faced with possible complications - legally changing your business structure, dealing with disputes among partners or shareholders, or navigating more complex registration processes for certain types of companies.

Local Laws Overview

Business registration in Colombo is primarily governed by the Companies Act No. 7 of 2007. Under this Act, businesses must lodge Articles of Association, specifying the business's rules, and a Memorandum of Incorporation, setting out the company's scope and limitations. It strictly regulates company operations, including management, shareholding, and financial reporting. It is also important to note that businesses must observe local ordinances, including regional trade regulations and tax laws.

Frequently Asked Questions

1. What is the first step in registering a business in Colombo?

The first step is choosing and reserving a unique business name with the Registrar of Companies. Following this, the necessary framework documents are submitted for registration.

2. How long does the business registration process take?

Typically, the process takes approximately 2-3 weeks. However, it may take longer if there are any issues with the application or additional approvals are required.

3. Is there an annual fee for maintaining business registration?

Yes, there is an annual fee which can vary depending on the type and size of your business. This is collected by the Registrar of Companies.

4. Can I handle the business registration process myself?

While it's possible to handle the business registration process yourself, it's often challenging due to the legal complexities involved. Hence, it's recommended to hire a local lawyer to guide you through.

5. What happens if I don't correctly register my business?

Failure to accurately register your business may result in legal penalties, including fines and possible dissolution of your business.

Additional Resources

You may find useful resources and guidance for business registration on the official website of the Department of the Registrar of Companies. You might also want to look up resources provided by the Sri Lanka Chamber of Commerce and Industry for a better understanding of local business practices and laws.

Next Steps

If you need legal advice on business registration in Colombo, your first step should be to find a competent local lawyer. Ensure he or she is experienced in local business laws and familiar with the process of business registration. This professional assistance will guide you through the registration process, ensuring all legal requirements are adequately covered.

Lawzana helps you find the best lawyers and law firms in Colombo through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Business Registration, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Colombo, Sri Lanka - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.