company registration

In our ongoing commitment to keeping our readers informed about the latest developments, we bring you an update on company registration in Sri Lanka for the year 2023. The Registrar General of Companies has introduced new rules and guidelines that streamline the registration process, making it more efficient and user-friendly. Here are the key changes…

In the dynamic landscape of today’s business world, the need for instant access to vital company documents is more crucial than ever. Recognizing this demand, Ananda Sirisena & Co (ASAC) is excited to announce the launch of The Boardroom Mobile App, a powerful tool designed to simplify and streamline your business management experience. in Simple…

When starting a company, there are various legal aspects to consider, and one of them is the “Articles of Association.” You might wonder what this document is all about and why it’s important. In this article, we’ll break it down in easy-to-understand language. What Are Articles of Association? Think of the Articles of Association as…

By Ashfa Anwer For most organizations, the ideal choice of a business structure is most likely a partnership business or a limited company. The right choice lies in each individual circumstance and it could depend on a number of different factors like legal requirements and tax considerations. Understanding the pros and cons of a business…

By Ashfa Anwer When you decide on starting a business, its legal structure plays an important role as it will affect the level of tax you pay, the extent of your personal liability, and how easy it will be to pass on or sell the business when you retire. The structure of a company makes…

When establishing any type of business in Sri Lanka, it’s of vital importance that you choose a business structure that is best suited for your needs you know the ins and outs of it. There are several different business structures you can choose from, the most popular ones being private limited company, unlimited liability partnership,…

For foreign companies or persons looking to expand their horizons toward the South Asian region, Sri Lanka is indeed one country full of potential and promise of a fruitful business venture. But how does the set-up process work and what are the rules and regulations you have to follow? Below, you will find a simple,…

Yes! for Any Company who is having a turnover of more than Sri Lankan Rupees One Million (Rs. 1,000,000/-) per annul or a Paid up Capital of Sri Lankan Rupees Five Hundred Thousand (Rs. 500,000/-).