A Private Limited Company gives you limited liability protection, a strong legal foundation, and improved credibility when dealing with clients, banks, and partners.
You will need:
National Identity Card (NIC)
A registered address for the company
The main steps include:
Reserving your company name with the Registrar of Companies (ROC)
Preparing incorporation documents (Articles of Association, Form 1, Form 18, Form 19)
Signing the required documents
Submitting everything to the ROC and paying the fees
Receiving the Certificate of Incorporation
Opening a corporate bank account and completing initial tax registrations (TIN)
No. Once your company name is approved and registered, it is legally protected and cannot be used by anyone else.
No, there is no minimum capital requirement, except for certain regulated industries.
Only one director is needed to register a Private Limited Company.
Yes. Foreigners can own or invest in a company, though some industries may have specific restrictions.
Yes. You can update directors or shareholders at any time by submitting the relevant forms to the ROC.
Once documents are signed and submitted, registration usually takes around five working days.
You will need to:
Open a corporate bank account
Register for taxes (TIN, VAT, Income Tax, PAYE, etc.)
