If you are looking for information on how to register a business in Sri Lanka, then this article is for you. This country has become a popular choice for many international businesses, mainly because of the opportunities available to them. Sri Lanka is emerging to be one of the top choices for international business in the coming years. In fact, it has already become a popular destination for foreign investors.
But before you can venture into doing business in Sri Lanka, you need to have a clear understanding of the legal requirements involved. The first thing that you should do is to register your business with the Ministry of Justice (MOJ). It is very important to register your business under this Ministry because it is the only authority that can check the legality of your company. Besides, the MoJ is also responsible for registering all the businesses in Sri Lanka. Therefore, it is very important to register your business under this ministry. The process of registration is quite simple.
The next step on the list of how to register a business in Sri Lanka is to get an identity certificate. You have to get a certificate that will prove that your company is legal and legitimate. You can get this certificate from the Commercial Registration Office. The process is quite simple. You just have to apply for the certificate and submit all the necessary documents as proof of your company's legality.
The next step in the list of how to register a business in Sri Lanka is to get an Employer's Certificate. This is very important because employers will be looking for you once you open up your company. Also, this certificate will prove that you are legally permitted to run your business. It is also required to prove that you have the capacity to pay taxes.
Another important step on the list of how to register a business in Sri Lanka is to get your trade name registered. The name of your business should be registered before you actually register it. Also, you have to state the name of the company and its address on the Trade Registry. The Trade Registry is a book that contains information about all transactions that have been made in the course of business. If you wish, you can also state the name of your director and other members in your company.
One more important thing to do is to apply for a company seal. The seal of the company will serve as a proof that the company exists. This process should only be done once. You can apply for the seal online. The company can either get it through the Commercial Registry or through the bank.
The last step on the list of how to register a business in Sri Lanka is to file the articles of incorporation. You need to apply for the Articles of Incorporation through the Commercial Registry. However, if you are not sure about the paperwork, you can contact the Commercial Registry office or any private firm dealing with business registration in Sri Lanka. They should be able to assist you in completing these steps in no time. They can also give you good tips on how to register a business in Sri Lanka.
One more thing to do is to apply for the business license. There are several requirements in order to obtain a business license. It is very important to get this. You need to submit all the documents related to your business properly and on time. The license will also serve as your proof of registration and it is the only legal document that will allow you to operate a business legally in Sri Lanka.