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The Digital Revolution in company registration: Simplifying the process in Sri Lanka

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by Isura Sirisena Chartered Corporate Secretary Founder – The Boardroom

The process of establishing a company has long been considered a complex and time-consuming task. However, in Sri Lanka, technological advancements are transforming this journey, making company registration more efficient and accessible for both local entrepreneurs and foreign investors.

Streamlining the Process

With the introduction of digital platforms like the electronic Registrar of Companies (eROC), the way entrepreneurs approach how to register a company in Sri Lanka has changed drastically. Gone are the days of excessive paperwork and multiple visits to government offices. Instead, individuals can now reserve a business name, submit essential documents, and track the application process—all-online. This streamlined approach not only saves time but also reduces errors, ensuring a smoother experience.

One of the most significant changes brought about by technology is its inclusivity. If you are asking, “Can I register a company in Sri Lanka without stepping into an office?” the answer is a resounding yes. Entrepreneurs now have the convenience of handling nearly every step of the process from the comfort of their homes. The ability to complete registrations online has made company formation more accessible than ever before.

Opportunities for International Investors

The integration of digital systems has opened doors for international investors, answering the common query, “Can a foreigner register a company in Sri Lanka?” Thanks to online platforms like eROC, the answer is yes. Foreign entrepreneurs can register their companies remotely, submitting required documents such as passports electronically and obtaining the necessary permits online. This technological leap makes it easier for international businesses to establish a presence in Sri Lanka.

Important Considerations

While technology simplifies the process, entrepreneurs should still be mindful of the key steps involved. When pondering the things to consider when registering a company in Sri Lanka, factors such as selecting the right business structure, complying with legal requirements, and understanding tax obligations remain crucial. Digital tools can assist in these areas by offering guidance and ensuring compliance.

A Glimpse into the Future

As Sri Lanka continues to embrace digital transformation, we can expect further innovations in the field of company registration. Emerging technologies, such as artificial intelligence and blockchain, hold the promise of even greater efficiency and security. These advancements will enhance the ease with which individuals can establish their businesses, driving economic growth and fostering entrepreneurship.

Technology has undeniably revolutionized the landscape of company registration in Sri Lanka, empowering entrepreneurs and investors alike. By harnessing these digital tools, the process of starting a business has become more accessible, efficient, and inclusive—ushering in a new era of economic opportunity.



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Business

Private taxi operators at BIA call for speedy rental relief as tourist arrivals dwindle

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Tourists in SL: Dwindling numbers

Private taxi operators at Bandaranaike International Airport are calling for urgent rental relief, stating that they are struggling to sustain operations after paying nearly Rs. 19 million in monthly rental fees amid a sharp decline in tourist arrivals during the off-season.

The operators said tourist arrivals have dropped by nearly 80%, severely affecting their income and making it difficult to continue meeting high operational costs.

“Only a small number of tourists are now arriving at the airport, and a majority of them are being taken by metered taxi operators, who pay only around Rs. 700 per ride as fees to Airport and Aviation Services, an operator said.

According to the operators, the six long-standing private taxi service providers at the airport each pay monthly rentals ranging from approximately Rs. 2.9 million to Rs. 4 million. In addition, they are required to maintain a minimum a fleet of six vehicles along with dedicated airport staff.

“What we are requesting is a temporary reduction in monthly rental payments for around three to four months until tourist arrivals improve and the industry returns to normal, they said.

The operators noted that they have been operating at the airport for more than two decades, providing transport services to both local and international travelers, while metered taxi services entered the airport transport sector only about two years ago.

They also alleged that metered taxi operators have been granted more favourable operating conditions and questioned the process through which those operators were allowed to operate at the airport.

Operators argue that the present financial burden has become unsustainable, given the sharp drop in business volumes and what they describe as an uneven competitive environment within the airport transport system.

“What we are requesting is a 50% reduction in monthly rental fees for a period of at least three months, they said.

They also raised concerns about the quality and condition of some vehicles operated by metered taxi providers.

“Passengers are often unaware of the condition of some of these vehicles until they enter them, which can compromise safety standards, one operator claimed.

In contrast, the private airport taxi operators say they maintain newer vehicles and employ experienced, professionally trained drivers to ensure higher standards of passenger safety and service quality.

The operators warned that failure to address the issue could have wider economic and social consequences. The six service providers collectively employ around 250 staff, and continued financial pressure may lead to job losses and a reduction in organised airport transport services.

By Hiran H Senewiratne

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Refurbished AAC Call Box declared open

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The operation of Automobile Association of Ceylon(AAC) Call Boxes, in the past had provided yeoman service to many motorists including during the era of British planters. AAC services for members are a motoring security when they travel.

The Call Box in Nuwara Eliya was recently refurbished to provide a better and improved service to the Members in the area and the touring public. Now from this Call Box the motorists could get Road Side Assistance, Valuation Reports, Technical Advice and also issuance of International Driving Permits.

The refurbished Call Box at Nuwara Eliya was declared open by Dhammika Attygalle, President of the Association in the presence of S V Ganesh – Vice President, several Executive Committee members, Puthrasigamani, Life Member of the Association, Eng. C S Samarasekera of RDA- Nuwara Eliya, Devapriya Hettiarachchi, Secretary (AAC) and Eng. C L Liyanasuriya – Chief Engineer(AAC).

The services from the Nuwara Eliya Call Box are available from 8.00am to 5.00pm.

Call Technical Officer Sampath Madagama on 0767315696.

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Ceylon Chamber of Commerce to host Sri Lanka Climate Summit 2026

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From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story

As climate rules tighten globally and investor expectations shift from commitment to compliance, climate action is now directly tied to trade, competitiveness, and access to finance. Against this backdrop, The Ceylon Chamber of Commerce will host the second edition of the Sri Lanka Climate Summit on 9 June 2026 at the Taj Samudra Hotel, convening policymakers, industry leaders, financiers, and technical experts to focus on pathways for integrating climate action into Sri Lanka’s growth story.

Held as a biennial platform, the Summit returns this year under the theme “From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story.” While the inaugural edition in 2024 focused on building awareness and advocacy, the 2026 Summit shifts the conversation toward implementation, technical readiness, and compliance as climate-related obligations begin to directly influence access to markets, finance, and investment.

Rather than treating sustainability as a standalone agenda, this year’s discussions will explore how climate considerations are becoming embedded across core areas of business and economic decision-making, from infrastructure and trade to finance, governance, digitalisation, agriculture, and supply chains.

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