Fees and timelines

Fees

Sri Lanka LLC setup costs in Year 1 will amount to US$5,750 and annual company costs in Year 2 and thereafter will amount to US$3,650. The average fee per engagement amounts to US$11,550 including Sri Lanka company incorporation, corporate bank account setup, legal registered office and all government registration fees but not tax and accounting fees.

 LLCPLCBranch officeRep office
Average engagement costsUS$11,550US$13,550US$13,450US$11,300
Draft invoiceSri Lanka LLC setup costSri Lanka PLC setup costSri Lanka branch setup costSri Lanka RO setup cost

Timelines

The average Sri Lanka company registration period is 17 weeks as outlined below:

 ServiceLLCPLCBranchRep office
1.Engagement planning2 weeks3 weeks3 weeks3 weeks
2.Company incorporation period7 weeks10 weeks5 weeks5 weeks
3.Bank account approval4 weeks4 weeks3 weeks3 weeks
4.Corporate internet banking approval3 weeks3 weeks3 weeks3 weeks
5.Engagement completion1 week1 week1 week1 week
Total engagement period17 weeks21 weeks15 weeks15 weeks

Sri lanka business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Sri Lanka, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Paavan Chhabra, directly: