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Sri Lanka is emerging as a business-friendly destination, attracting both local entrepreneurs and foreign investors. Whether you’re looking to register a company, open a bank account, or repatriate profits, this guide covers everything you need to know. 1. Minimum Capital Requirement to Register a Company in Sri Lanka One of the biggest advantages of starting…

Understanding the Common Seal A common seal, also known as a company seal or corporate seal, is a stamped imprint that includes a company’s legal name and registration number. This seal is used on agreements and documents to signify that they have been executed by authorized agents or officers on behalf of the company. Essentially,…

In the dynamic world of business, making pivotal decisions is a routine part of a board of directors’ responsibilities. However, formalizing these decisions through a board resolution is crucial for legal compliance and maintaining a clear record of actions taken. Here’s why you should consider professional assistance for drafting your board resolutions. The Importance of…

What exactly is a certified copy? It’s essentially a validated version of the form you’ve submitted to the Registrar General of Companies (ROC), attested by the ROC itself, affirming that it is an accurate replica of your submission and has been duly approved. Various entities such as banks, financial institutions, government bodies, and other stakeholders often…

Who’s the company secretary and what’s the role?A company secretary, also known as a corporate secretary or a company secretary, is an individual or a body of corporate responsible for ensuring the smooth and efficient administration of a company. They act as a link between the company’s board of directors, management, shareholders, and other stakeholders….

Are you in the process of setting up a business in Sri Lanka and wondering about the role of a company secretary? Or perhaps you’re already established but considering outsourcing your company’s secretarial services? In either case, understanding the ins and outs of hiring a company secretary in Sri Lanka is crucial. Let’s delve into…

Streamlining Company Deregistration and Winding Up in Sri Lanka: A Comprehensive Guide In the lifecycle of any business, there may come a time when the decision to close down operations needs to be made. Whether it’s due to changes in market conditions, strategic shifts, or other reasons, knowing how to effectively deregister or wind up…

Are you up to date with your Annual Return at the Registrar General of Companies (ROC)? You might be wondering if it’s necessary, especially if you haven’t conducted any business activities. Let’s delve into the significance of this process and why it matters for even the smallest of companies. The Annual Return isn’t directly linked…

So, you’ve got your sights set on Sri Lanka for your next business venture? Awesome choice! But hey, before you dive into the vibrant Sri Lankan market, let’s chat about the nitty-gritty of company registration and formation. Now, Sri Lankan Company law opens up two exciting avenues for you: Branch Office or Liaison Office. Yep, you’ve got…

Introduction:  In a strategic move, Remitbee, a dynamic company based in Canada, has recently concluded its business registration process in Sri Lanka, solidifying its presence as a key development center. With headquarters situated in Mississauga, Ontario, Canada, Remitbee specializes in various financial services, including Fintech, Money Transfer, Remittances, Mobile Money, Online Currency Exchange, FX, Currency,…