This article posted on our partner site Mondaq.com explains the steps to incorporation in Sri Lanka and the required characteristics of an incorporated company. The author differentiates the registration procedure between Guarantee Limited Company and Associations as well.

This article is also helpful for non citizens of Sri Lanka in understanding some of the issues to consider when incorporating, as well as to understand the industries in which there is a restriction placed upon foreign business ownership.

This “blog bite” is courtesy of Clausehound’s collaboration with Mondaq!

 

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This article is provided for informational purposes only and does not create a lawyer-client relationship with the reader. It is not legal advice and should not be regarded as such. Any reliance on the information is solely at the reader’s own risk. Clausehound.com is a legal tool geared towards entrepreneurs, early-stage businesses and small businesses alike to help draft legal documents to make businesses more productive. Clausehound offers a $10 per month DIY Legal Library which hosts tens of thousands of legal clauses, contracts, articles, lawyer commentaries and instructional videos. Find Clausehound.com where you see this logo.

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