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Business registration in Sri Lanka is governed by the Companies Act No. 7 of 2007 and the Business Names Registration Act No. 33 of 2011. These laws require businesses to register with the Department of Registrar of Companies to operate legally in the country. The registration process involves submitting the necessary documents and paying the prescribed fees.
You may need a lawyer for business registration in Sri Lanka if you are unsure about the legal requirements, need assistance with completing the registration forms, or want to ensure compliance with local laws. A lawyer can also help you navigate any legal issues that may arise during the registration process.
Key aspects of local laws relevant to business registration in Sri Lanka include the types of business structures allowed, registration requirements, and compliance with taxation laws. Businesses must also adhere to regulations set by the Department of Registrar of Companies to maintain their legal status.
In Sri Lanka, you can register a sole proprietorship, partnership, limited liability company, or public company.
You will need to submit a completed application form, memorandum and articles of association, and proof of payment of registration fees.
The registration process typically takes a few weeks, depending on the completeness of your application and any additional information requested by the Registrar of Companies.
Yes, you need to obtain approval for your business name before registering your business with the Department of Registrar of Companies.
The fees for business registration vary depending on the type of business structure you choose. You can check the Department of Registrar of Companies website for the current fee schedule.
Yes, you can register your business online through the Department of Registrar of Companies website.
While it is not mandatory to hire a lawyer for business registration, it is recommended to seek legal advice to ensure compliance with local laws and regulations.
Operating an unregistered business in Sri Lanka can lead to legal repercussions, including fines, closure of the business, and potential legal action against the business owner.
Yes, you can change the business structure of your registered business by following the necessary procedures and obtaining approval from the Department of Registrar of Companies.
You can dissolve your registered business in Sri Lanka by submitting a formal request for dissolution to the Department of Registrar of Companies and complying with all legal requirements for closure.
For more information on business registration in Sri Lanka, you can visit the Department of Registrar of Companies website or consult with a local legal advisor specializing in business law.
If you require legal assistance with business registration in Sri Lanka, it is advisable to contact a qualified lawyer with experience in corporate law. They can guide you through the registration process, ensure compliance with local laws, and resolve any legal issues that may arise.
