Best Corporate & Commercial Lawyers in Sri Lanka

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

Or refine your search by selecting a city:

John Wilson Partners
Colombo, Sri Lanka

Founded in 1920
12 people in their team
Afrikaans
English
French
Sinhala
Tamil
Swedish
Corporate & Commercial Government Relations & Lobbying International Trade Law +8 more
ABOUT US: Founded in 1920 by the late Senator John Wilson, the firm is an established legal practice in Sri Lanka, providing service in the areas of civil litigation, commercial law and notarial practice to corporations, financial institutions and individuals. John Wilson Partners has an...
Shums Associates
Dehiwala-Mount Lavinia, Sri Lanka

Founded in 2001
50 people in their team
Sinhala
English
Tamil
About USWe Serve Since 2001We are a full-service commercial law firm, founded in 2001 to serve as a single-window legal service provider in a dynamic commercial environment. Our clients are our greatest assets and we work hard to meet their expectations. This sense of realization of the...
Frankmillers Law Firm
Colombo, Sri Lanka

Founded in 2005
3 people in their team
English
Frankmillers is a full-service law firm and Migration Consultant in Sri Lanka. Frankmillers is regarded as one of the prominent law firms in Colombo, Sri Lanka, with a strong institutional commitment to the highest quality legal service. The firm has catered to both the litigation and the corporate...

Founded in 2000
50 people in their team
Sinhala
English
Tamil
ABOUT CCCSCCCS is the Corporate Secretarial and Investment facilitation arm of Tiruchelvam Associates which is one of the leading law firms in Sri Lanka. The Company services an Impressive portfolio of local and international clientele and has recently completed 25 years of distinction in providing...
Chambers Colombo
Colombo, Sri Lanka

Founded in 1995
50 people in their team
Sinhala
Tamil
English
We at ChambersThe legal world is constantly changing and becoming ever more competitive and demanding .We at Chambers believe, that we are well placed to meet these demands. We constantly strive to provide innovative and creative solutions to difficult and complex legal and commercial problems. Our...
SSKM Attorneys

SSKM Attorneys

15 minutes Free Consultation
Colombo, Sri Lanka

Founded in 2012
15 people in their team
Sinhala
Tamil
English
SSKM Attorneys was established with the goal of delivering a modern and responsive service for a changing world. The law firm is led by a team of highly qualified, versatile lawyers with extensive knowledge and multidisciplinary experience in both international and local contexts.By working with...

Founded in 2020
25 people in their team
English
Sinhala
Tamil
We are a premier immigration and legal relocation services firm based in Sri Lanka, dedicated to assisting individuals, families, and entrepreneurs from around the world to explore opportunities in one of South Asia’s most vibrant and culturally rich destinations. Whether you’re looking to...
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...
Neelakandan & Neelakandan
Colombo, Sri Lanka

Founded in 1962
200 people in their team
Sinhala
English
Neelakandan & Neelakandan (formerly Murugesu & Neelakandan) is one of the leading and oldest full-service law firms in Sri Lanka and has been in practice for almost 60 years.The Firm was founded in 1962 by the late Mr. Velupillai Murugesu, and built to be recognised as one of the most...
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...
AS SEEN ON

About Corporate & Commercial Law in Sri Lanka

Corporate and commercial law in Sri Lanka forms the foundation for how businesses are established, operated, and governed within the country. This area of law covers a broad range of legal issues including company formation, mergers and acquisitions, corporate governance, contract drafting and enforcement, regulatory compliance, intellectual property protection, and dispute resolution. The Sri Lankan legal system draws on both English common law and local statutes, making the landscape unique and sometimes complex for business owners and investors. Adhering to these laws is crucial for businesses to conduct their activities legally, ethically, and efficiently.

Why You May Need a Lawyer

Seeking legal advice is crucial in various corporate and commercial situations. Here are some of the most common scenarios where professional legal assistance is essential:

  • Establishing a new company or business entity
  • Drafting, reviewing, or negotiating business contracts
  • Handling mergers, acquisitions, or restructuring
  • Ensuring compliance with local regulations and licensing requirements
  • Managing intellectual property rights such as trademarks or patents
  • Settling disputes between shareholders, directors, partners, or business associates
  • Responding to regulatory investigations or enforcement actions
  • Advising on cross-border transactions and foreign investment rules

Engaging a lawyer early can help avoid costly mistakes, ensure your interests are protected, and facilitate smooth business operations.

Local Laws Overview

Several key laws and regulations govern the corporate and commercial sector in Sri Lanka. Understanding these can help you navigate the legal landscape more effectively:

  • Companies Act No. 7 of 2007: This is the main legislation regulating the incorporation, management, and operation of companies in Sri Lanka. It sets out requirements for directors, shareholders, annual returns, and compliance duties.
  • Inland Revenue Act: Governs income tax, corporate tax, value-added tax (VAT), and other tax obligations applicable to businesses.
  • Foreign Exchange Act: Outlines rules relating to foreign investment, repatriation of profits, and the conduct of businesses by foreign nationals or companies.
  • Intellectual Property Act No. 36 of 2003: Regulates trademarks, copyrights, patents, and industrial designs.
  • Commercial Arbitration Act: Provides guidance for resolving commercial disputes through arbitration, offering an alternative to litigation.
  • Labour Laws: The Shop and Office Employees Act, Industrial Disputes Act, and other labor regulations affect employment relationships and workplace practices.
  • SEC Act and CSE Listing Rules: Critical for businesses involved in securities, investment, or public listings on the Colombo Stock Exchange.

Regulatory bodies such as the Registrar of Companies, Central Bank of Sri Lanka, and Department of Inland Revenue play an important role in overseeing compliance and administration.

Frequently Asked Questions

What is the process to register a company in Sri Lanka?

The process involves choosing a suitable company name, preparing constitutional documents, filing incorporation forms, paying the prescribed fees, and obtaining a certificate of incorporation from the Registrar of Companies. Most businesses operate as private limited companies.

Can foreigners own and operate companies in Sri Lanka?

Foreigners are generally allowed to own companies, subject to certain industry restrictions and foreign investment guidelines. Some sectors may require approval from the Board of Investment (BOI) or have limitations on foreign shareholding.

What types of business entities are available?

The most common entities are private limited companies, public limited companies, partnerships, sole proprietorships, and branch or liaison offices for foreign companies.

Are there minimum capital requirements for company registration?

Sri Lankan law does not stipulate a general minimum capital requirement for most types of companies, but specific industries or BOI-approved projects may require a minimum investment.

What is involved in statutory compliance for companies?

Statutory compliance means fulfilling all legal obligations such as filing annual returns, holding annual meetings, maintaining statutory books and records, paying taxes on time, and adhering to labor and safety regulations.

How can corporate disputes be resolved?

Corporate disputes can be resolved through negotiation, mediation, arbitration, or litigation in civil courts, depending on the nature and complexity of the dispute.

What are the main tax obligations for companies?

Companies must pay corporate income tax, VAT, withholding tax, social security contributions, and other sector-specific taxes. Timely tax registration and filings are required to avoid penalties.

How is intellectual property protected?

Intellectual property such as trademarks, copyrights, and patents should be registered with the National Intellectual Property Office of Sri Lanka. Registration grants legal protection and helps prevent unauthorized use.

What are the roles and duties of company directors?

Directors have fiduciary duties to act in good faith, in the best interests of the company, and comply with statutory and constitutional requirements. They are responsible for the management and overall direction of the company.

Do I need legal advice for contracts and agreements?

Yes, legal advice is highly recommended to ensure that contracts are properly drafted, legally valid, and enforceable. Lawyers help identify risks, clarify obligations, and safeguard your interests.

Additional Resources

Several governmental bodies and organizations provide support, guidance, and information relevant to corporate and commercial matters in Sri Lanka. You may find the following resources helpful:

  • Registrar of Companies
  • Board of Investment of Sri Lanka (BOI)
  • Central Bank of Sri Lanka
  • Department of Inland Revenue
  • National Intellectual Property Office of Sri Lanka
  • Colombo Stock Exchange (CSE)
  • Sri Lanka Bar Association
  • Chambers of Commerce and Industry organizations

Next Steps

If you require legal assistance in corporate and commercial matters, consider the following steps:

  • Assess your specific needs and gather all relevant documents
  • Research and identify a qualified lawyer or law firm specializing in corporate and commercial law
  • Schedule a consultation to discuss your matter, understand your rights and obligations, and obtain tailored legal advice
  • Follow your lawyer’s recommendations for compliance, documentation, or dispute resolution
  • Stay updated on regulatory and legislative changes that may affect your business operations

Working with an experienced legal professional can provide you with the confidence and clarity needed to make informed decisions and navigate the complexities of corporate and commercial law in Sri Lanka.

Lawzana helps you find the best lawyers and law firms in Sri Lanka 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 Corporate & Commercial, 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 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.