Registering a Private Limited Company (Pvt Ltd) in Sri Lanka is a compliance-heavy administrative task. While the eROC system allows for self-service, the risk of rejection and the high cost of delayed business operations often make the DIY path the most expensive choice in the long run.
Here is a side-by-side comparison of the two approaches:
The Incorporation Process: DIY vs. 360 Accountants
| Feature/Step | The DIY Approach (The Headaches) | The 360 Accountants Fast-Track (Efficiency & Compliance) |
| Mandatory Secretary (Form 19) | Must independently source, vet, and appoint a registered professional before filing. | We are the Secretary. Our professional team fulfills the mandatory Form 19 requirement from day one. |
| Name Reservation | Manual search on the DRC site. Risk of choosing a name that is ‘too similar,’ leading to a mandatory rejection cycle. | Guaranteed Accuracy. We use expert tools to pre-check name viability and ensure rapid approval the first time. |
| Document Submission (Forms 1, 18, 19) | Download, print, coordinate manual signatures from all parties (Director, Secretary), scan, and risk rejection due to unclear PDF formatting. | Flawless eROC Filing. Our team prepares, coordinates, and uploads all statutory forms, guaranteeing compliance with A4 PDF/signature requirements. |
| Rejection Risk | High. A single missing signature or formatting error on the complex statutory forms resets the entire 1-3 week timeline. | Zero Rejection Guarantee. Our submissions are processed by experts who understand the Registrar’s exact digital requirements. |
| Post-Incorporation Compliance | Must independently track IRD TIN registration, EPF/ETF requirements, and the Annual Return deadline (8 months post-FYE). | Full Roadmap. We provide guidance for immediate TIN registration and manage all ongoing corporate secretarial duties (Annual Returns, Board Resolutions, etc.). |
| Time to Certificate | 2–4 Weeks. (Highly dependent on not making errors or having fast stakeholder coordination). | Business Registration in Days. Our streamlined digital workflow prioritizes the fastest possible certificate delivery. |
| Cost | Statutory Fees (LKR 14,160.00 minimum) + opportunity cost of lost business time. | Transparent, all-inclusive professional fee + Guaranteed time savings that maximize early revenue generation. |
The 360 Accountants Advantage: More Than Just Registration
We do more than just complete the eROC forms. We provide the essential infrastructure for your company’s legal operation:
- Continuous Compliance: We proactively remind you of deadlines for Annual Returns and tax filings, ensuring you never face avoidable late penalties.
- Secure Digital Records: All your statutory documents, including your Certificate and AoA, are kept securely in one dashboard for easy access.
- Scalability: Whether you need a simple director change or a complex share transfer, we manage the required statutory resolutions and eROC filings.
Choose expertise. Choose speed. Choose the peace of mind that comes with guaranteed compliance.
Ready to start your business the right way?
