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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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...
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 islandโ€™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...
Qanunie Consultants
Colombo, Sri Lanka

Founded in 2021
4 people in their team
English
Sinhala
Who We Are: Qanunie Consultants offer a multitude of legal services covering a wide scope ranging from legal consultancy, contracts management, company secretarial, conveyancing to civil and corporate litigation as well as HRM and business administration. Comprising a team of highly qualified...
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...
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...
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...
DIMEAN LAW CHAMBERS
Colombo, Sri Lanka

Founded in 2000
50 people in their team
Sinhala
English
Tamil
DIMEAN is a premier law firm based in Colombo, Sri Lanka. We aim to provide a personalized service tailored to the specific requirements of our clients. Our attorneys aim to provide innovative legal solutions in various disciplines.DIMEAN is established by a blend of young...
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...
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...
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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.