Fees and timelines in 2022

Fees

payment by instalmentSri 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$12,550 including Sri Lanka company incorporation, corporate bank account setup, legal registered office and all government registration fees but not tax and accounting fees.

Different Sri Lanka entity types Cost Draft invoice
Tax resident LLC US$12,550 View invoice PDF
PLC US$13,550 View invoice PDF
Branch of a foreign company US$13,450 View invoice PDF
Representative office US$11,300 View invoice PDF
Free zone LLC US$15,000 View invoice PDF

Timelines

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

Service LLC PLC Branch Rep office
Engagement planning 2 weeks 3 weeks 3 weeks 3 weeks
Company incorporation period 7 weeks 10 weeks 5 weeks 5 weeks
Bank account approval 4 weeks 4 weeks 3 weeks 3 weeks
Corporate internet banking approval 3 weeks 3 weeks 3 weeks 3 weeks
Engagement completion 1 week 1 week 1 week 1 week
Total engagement period 17 weeks 21 weeks 15 weeks 15 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 contact our in-house country expert, Mr. Seth Ochieng, directly:
Director of Client Engagements - Seth
  • Mr. Seth Ochieng
  • Director of Client Engagements
  • Contact me!