Best New Business Formation Lawyers in Colombo

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John Wilson Partners
Colombo, Sri Lanka

Founded in 1920
12 people in their team
Afrikaans
English
French
Sinhala
Tamil
Swedish
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...
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Invictus Law
Colombo, Sri Lanka

Founded in 2000
50 people in their team
Sinhala
English
Tamil
Invictus Law is a modern and progressive law firm providing a comprehensive range of legal services and solutions for both domestic and international clients.We pride ourselves in providing timely, practical & commercially sensible solutions to our clients and we specialize in multiple fields...
Legante

Legante

30 minutes Free Consultation
Colombo, Sri Lanka

Founded in 2024
6 people in their team
English
Tamil
Sinhala
Legante is a progressive full-service law firm in Sri Lanka, offering strategic legal solutions in intellectual property, commercial law, labor law, dispute resolution, regulatory compliance, and cross-border investment advisory, with a strong international outlook. Please visit our website;...
ATD Legal Associates

ATD Legal Associates

1 hour Free Consultation
Colombo, Sri Lanka

Founded in 1976
10 people in their team
English
Sinhala
Chinese
 Welcome to ATD Legal Associates Innovative Legal Solutions for a Digital and Global EraAt ATD Legal Associate  we specialize in navigating the complexities of modern legal landscapes. From safeguarding your intellectual property to ensuring compliance with international data privacy...
Dhammika Ranasinghe
Colombo, Sri Lanka

Founded in 1995
50 people in their team
Sinhala
English
Tamil
Experienced Partner with a demonstrated history of working in the legal services industry. Skilled in Securities, Corporate Law, Corporate Governance, Legal Research, Compliance and Foreign Investment. Strong entrepreneurship professional with a Attorney At Law of the Supreme Court of Sri Lanka...
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...
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...
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...
Simon & Associates
Colombo, Sri Lanka

Founded in 2002
50 people in their team
Sinhala
English
Tamil
Simon & Associates is one of Sri Lanka’s leading legal firms, providing legal counsel and corporate secretarial services to portfolio consisting of local and multinational clients.Led by Simon Senaratna who brings substantial experience in the legal and business sectors, together with Nirosha...
Nithya Partners
Colombo, Sri Lanka

Founded in 1997
50 people in their team
Sinhala
Tamil
English
INTRODUCTIONNithya Partners was established in 1997 with the goal of delivering a modern and responsive service in corporate and financial law. The Firm is led by a group of Partners who combine a unique blend of multi-disciplinary experience along with an extensive knowledge base of several years...
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About New Business Formation Law in Colombo, Sri Lanka

New Business Formation Law in Colombo, Sri Lanka involves the regulations and procedures for establishing and operating a new business. This includes legal aspects such as business registration, partnership agreements, business taxes, corporate structure, licenses, permits, employee relations, and property leasing or purchasing. The complexity of these laws requires careful navigation for new business owners.

Why You May Need a Lawyer

Setting up a new business involves various legalities such as obtaining necessary licenses and permits, drafting contracts, creating operating agreements, and understanding labor laws. Legal expertise can help ensure compliance with local regulations, which in turn may save potential fines and legal issues in the future. A lawyer can also provide advice on intellectual property issues, taxation, and financial regulations which are crucial for a sustainable business.

Local Laws Overview

Local laws in Colombo require new businesses to be registered with the Registrar of Companies. Additionally, businesses may have to comply with particular industry regulations depending on the nature of their operation. Tax laws, employment laws, property laws, and environmental laws must also be adhered to. Furthermore, foreign ownership of businesses has particular restrictions and requirements per the Board of Investment of Sri Lanka. It's essential to navigate these laws correctly to ensure the legality and longevity of your business.

Frequently Asked Questions

1. What type of business structures can I consider?

You can choose among various structures such as a sole proprietorship, partnership, limited liability company or private limited company based on your requirements and feasibility.

2. How can I register my business in Colombo?

Business registration is handled by the Registrar of Companies, with different processes and documents required based on your business structure.

3. What are the tax implications for my business?

Tax regulations vary based on the nature and scale of the business. It's advised you consult with a tax advisor or lawyer to understand your obligations.

4. Can foreign nationals start a business in Colombo?

Yes, foreign nationals can start a business, however, there are certain restrictions and requirements outlined by the Board of Investment of Sri Lanka.

5. Do I need to hire a local lawyer?

While it's not mandatory to hire a local lawyer, it's highly recommended not only to understand the local laws but also to handle any legal issues that may arise. A local lawyer who is familiar with Colombo's regulations can guide you better.

Additional Resources

For further assistance, you can reach out to the Registrar of Companies, the Board of Investment of Sri Lanka, the Department of Labor, and local law firms specializing in business law. Online resources such as Lanka Business Online, Ceylon Chamber of Commerce, and the official government portal also offer useful information.

Next Steps

If you need legal assistance in New Business Formation, start by identifying qualified business lawyers in Colombo. Check their expertise, experience, and reviews before seeking consultation. Be prepared with all the necessary information about your business idea and a list of queries you might have related to the law.

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 New Business Formation, 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.