#companyregistration
Yes, you can register your own private limited company in Sri Lanka. The process for company registration is governed by the Companies Act No. 7 of 2007. It is advisable to consult with a legal professional or a company registration service provider to ensure that you follow all the necessary steps and meet the requirements for registration.
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Here are some more details about registering a private limited company in Sri Lanka:

1. Company Name: Choose a unique name for your company and ensure that it complies with the guidelines set by the Registrar of Companies. The name should not be similar to any existing company name or infringe on any trademarks.

2. Shareholders and Directors: Private limited companies in Sri Lanka can have a minimum of one shareholder and one director. The shareholder can also be the director, and both can be individuals or corporate entities. At least one director should be a resident of Sri Lanka.

3. Memorandum of Association and Articles of Association: Prepare the Memorandum of Association and Articles of Association, which outline the company's objectives, rules, and regulations. These documents need to be signed by the shareholders and directors.

4. Registered Office: Provide a registered office address for the company, which will be the official address for receiving legal and official correspondence.

5. Company Secretary: Appoint a company secretary who is qualified and knowledgeable in company law and regulations. The company secretary can be an individual or a corporate entity.

6. Capital and Shares: Determine the authorized share capital of the company and the number of shares. The shares can be issued in different classes, such as ordinary shares or preference shares.

7. Registration Process: Prepare the necessary documents, including the completed application form, Memorandum of Association, Articles of Association, and relevant supporting documents. Submit these documents to the Registrar of Companies along with the prescribed fees. The Registrar will review the application and, upon approval, issue a Certificate of Incorporation.

8. Tax Registration: After obtaining the Certificate of Incorporation, register for tax purposes with the Sri Lanka Inland Revenue Department and obtain a Tax Identification Number (TIN).

9. Compliance Requirements: Once the company is registered, there are ongoing compliance requirements such as filing annual returns, maintaining proper accounting records, conducting annual general meetings, and fulfilling tax obligations.

It is recommended to seek professional advice or engage the services of a company registration service provider to ensure that all legal requirements and procedures are followed accurately during the registration process.

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