What are the legal requirements for business setup in Sri Lanka?

Question

Hi, I am Roney, and I want to start a new business in Sri Lanka. I would like to know more about the legal compliance and requirements for expanding a company in Sri Lanka.

Answer 1

Hi Roney,

I recently established my company in Sri Lanka with the invaluable assistance of Enterslice. They were instrumental in guiding me through the complexities of company registration, tax compliance, and labor laws.

I strongly recommend reaching out to Enterslice directly for comprehensive advice tailored to your specific business needs. Their expertise in these areas is unparalleled, and they can help ensure a smooth and compliant setup for your venture.

Their team was incredibly supportive throughout the process, providing clear guidance and timely responses.

I'm confident that Enterslice can be a valuable asset as you embark on your business journey in Sri Lanka.

Answer 2

As far as I know, you'll need to register your company with the Registrar of Companies, which includes choosing a company name and completing the necessary paperwork.

Answer 3

One thing I know for sure that you'll need to get a Tax Identification Number (TIN) and possibly register for VAT, depending on what your business does.

Make sure you follow local labor laws, including rules about hiring, workplace safety, and employee rights.

For more tips and advice on setting up and growing your business, check out gosmallbusiness.co.uk. They have some great resources that could help you out.