Company Formation

CCCS advises and assists foreign and local clientele in setting up their businesses in Sri Lanka. The Team advices the clients on the most feasible model based on the Client’s specific business purposes and other requirements while taking into consideration Foreign Exchange, Tax, Labour and related matters.

• Private and Public Limited Liability Company
  • Obtaining name approval, drafting of Articles of Association, and completing and submitting the prescribed Forms to the Registry of Companies (ROC)
  • Making representations on behalf of the Client where necessary
  • Attending to paper and gazette publications
  • Preparing documents and attending to initial share issue
  • Advising on Bank Accounts
• Guarantee Limited Company
  • Obtaining name approval, drafting of Articles of Association,
  • Liaising with the ROC and obtaining approval for the Articles of Association
  • Completing and submitting the prescribed Forms to ROC
  • Making representations on behalf of the Client where necessary
  • Attending to pre and post incorporation paper and gazette publications
  • Advising on Bank Accounts
• Registration of Overseas Companies
  • Obtaining name approval
  • Drafting of a Power of Attorney for purposes of appointing an authorized person and registering same upon execution
  • Advising the Client and where necessary, liaising with the relevant authorities
  • Preparing and filing the prescribed forms at ROC
  • Advising the Client of the minimum investment (where applicable) and Bank Accounts

Facilitating investment

CCCS specializes in providing advisory services to Clients on all aspects of foreign and local investment, including; Board of Investment (BOI) registrations, approvals from the Central Bank of Sri Lanka, Tax and Labour matters, banking and finance issues, entry rules and procedures for obtaining visas and permits for employment and businesses.

• BOI
  • Advising on the most suitable avenue of registration
  • Representing the Client at negotiating with BOI and other regulators
  • Drafting the Articles of Association and attending to the BOI registration and relevant approvals
  • Company Registration at ROC
  • Reviewing BOI Agreements
• Foreign Exchange
  • Representing the Client at the Department of Foreign Exchange (DFE)
  • Advising on foreign exchange transactions of the Company
  • Liaising with the Licensed Commercial Banks and the DFE for all foreign exchange matters of the Client

Board and General Meetings

CCCS attends to the preparation of notices, agendas and convenes Board and Shareholder/ Member Meetings. Two (02) lawyers from CCCS attend the Company Meetings and advice the Company on small legal and technical matters.

• Convening and attending
• Keeping of minutes

Statutory and Regulatory Compliance

• Share issues, transfers and transmission
• Maintaining statutory books of Company
  CCCS maintains all statutory books including minute books, register of members/shareholders, register of Directors, register of Director’s Interests, register of mortgage and charges, seal register.
• Prescribed filings
  Advising, preparation and filing of all prescribed corporate documents with the Registrar of Companies.

Amalgamations

Advising and assisting the Client with amalgamations including attending to public notice, advising on amalgamation proposals, preparing requisite resolutions and registering the amalgamation.

Due Diligence

• Company Secretarial Due Diligence
  CCCS conducts corporate secretarial due diligences on companies on the status and filings of records at ROC, and attends to the regularization of matters where required.
• General Due Diligence
  CCCS also conducts due diligences on companies relating to all other corporate aspects including corporate status, tax, labour matters, permits and licenses and contracts/agreements.

Closures

• Winding up
  CCCS advice Clients on winding up laws, insolvency and deregistration filing requirements.
• Strike off
  CCCS also advises Companies on strike-off procedures including drafting of documents, filings with the Registrar of Companies and liaising with the Department of Inland Revenue.

VSSO & NGO Registrations

CCCS advices and assists Guarantee Limited Companies and other not-for-profit organisations in relation to the provisions of the Voluntary Social Service Organisations Act No. 18 of 1982 and applicable NGO laws and regulations, handles VSSO and NGO registrations, represents the Client at the relevant local authorities and government departments and attends to the subsequent filings. When necessary, CCCS also liaises with the Central Bank for foreign exchange matters of NGOs and VSSOs and with the Department of Inland Revenue in relation to NGO taxes.

Intellectual Property

CCCS specializes in advising and assisting our international and domestic clients with all aspects of their Intellectual Property portfolios in Sri Lanka. The advice provided is based on applicable statutory and case law, prevailing practice among regulators and courts as well as acceptable standards in the local business. The Company regularly acts on behalf of its clients as their IP Agent in Sri Lanka. This specialized service includes liaising with the National Intellectual Property Office of Sri Lankan (NIPO), Registering Trademarks, Trade Dress, Patents, Industrial designs, etc.

We represent many of our corporate international Clients as well as local Clients at inquiries before the Director General of NIPO on rejection of applications and have an unparalleled success rate in this regard.

Immigration

CCCS regularly advises and assists its international corporate clientele in obtaining work permits and other related visas for their employees who wish to enter and work in Sri Lanka. We also provide our valued Clients with an array of consular services with regard to outbound visas and authentication of documents. Our expertise is readily available to any network partner or Client who requires immigration related assistance in any sphere of the Sri Lankan immigration process. We are currently partnered with several of the world’s leading firms in respect of global immigration services.

• Residence Visa
• Outbound Business Visa Assistance
• Dual Citizenship Applications