Business Setup & Company Incorporation
Starting a business in Sri Lanka requires navigating the Department of Registrar of Companies (e-ROC) system, selecting appropriate legal structures, and securing statutory registrations. In collaboration with affiliate partner Reliance Business Partners (Pvt) Ltd, we provide seamless, fast-tracked company formation.
Key Deliverables:
Company Incorporation
Name approval, Articles of Association, Form 1, Form 18, and Form 19 via e-ROC.Sole & Partnership Registrations
Divisional Secretariat business registrations and partnership deed drafting.Tax & Bank Enrolment
TIN & Permanent VAT Registration at IRD, RAMIS portal activation, and corporate bank account facilitation.Trademark Registration
Trade name, brand logo, and intellectual property registration with National Intellectual Property Office (NIPO).Customs Registration
Importer/Exporter TIN & user registration with Sri Lanka Customs department for trade operations.Corporate Secretarial Retainers
Registered corporate secretary appointment and initial board resolutions.Accounting & Bookkeeping Outsourcing (BPO)
Eliminate the headache of back-office administration with certified Chartered Accountants managing your monthly finances. We convert paper receipts and manual logs into organized, real-time cloud books with automated bank feeds.
Scope of Outsourced Accounting:
- Monthly bookkeeping and data entry on Xero, QuickBooks Online, Odoo, or Zoho Books.
- Monthly bank reconciliations, accounts payable (bills) and accounts receivable (invoicing).
- Preparation of monthly Management Information Systems (MIS) reports, trial balances, and cash flow statements.
- Inventory valuation, fixed asset register maintenance, and depreciation accounting under LKAS/SLFRS.
- Year-end financial statement preparation and audit readiness support.
Tax Advisory, Planning & Statutory Filings
Sri Lanka's fiscal landscape undergoes frequent legislative updates. We provide end-to-end direct and indirect taxation compliance under the Inland Revenue Act No. 24 of 2017 as amended, ensuring you claim all legitimate reliefs while avoiding penalties.
Direct Taxes
- Advance Personal Income Tax (APIT) withholding
- Corporate Income Tax (CIT) 30% / 15% return filing
- Partnership income tax (6% over Rs. 1M)
- Capital Gains Tax (15% individuals, 30% corporates)
Indirect Taxes & Statutory Registrations
- Permanent VAT Registration & Certificate Issuance
- Value Added Tax (VAT 18%) monthly and quarterly returns
- Social Security Contribution Levy (SSCL 2.5%)
- Withholding Tax (WHT/AIT) on rent, interest & services
- IRD dispute representation & audit objection handling
Audit & Assurance Services
As registered Chartered Accountants (Reg No. W.D.19554) in alliance with Sanjeewa Associates, we deliver robust, independent audit opinions compliant with Sri Lanka Auditing Standards (SLAuSs) and Sri Lanka Financial Reporting Standards (SLFRS/LKAS).
Assurance Solutions:
- Statutory Financial Audits: Independent examination of annual financial statements for Registrar of Companies (DRC), IRD, and banking institutions.
- Internal & Process Audits: Evaluating corporate governance, internal controls, fraud risk mitigation, and operational workflows.
- Special Purpose Audits: Grant audits, donor compliance for NGOs, project expenditure verification, and forensic investigations.
Payroll Administration & Corporate Secretarial
Ensure flawless compliance with labor regulations and the Companies Act No. 7 of 2007. We handle your entire employee lifecycle and corporate statutory records.
Services Include:
- Monthly payroll computations, digital payslip generation, and bank payment file creation.
- Central Bank EPF (12% + 8%) and ETF (3%) statutory monthly schedules and member return filings.
- e-ROC Annual Returns (Form 15), AGM notices, and corporate registers maintenance.
- Drafting Board Resolutions, Shareholder Agreements, and Share Allotment / Transfer filings.
Enterprise ERP & Cloud Tech Implementation
Modern financial excellence requires modern digital tools. Synergy Advisors pairs accounting mastery with technical implementation to modernize your workflows.
Cloud Accounting Setup
Seamless onboarding on Xero, QuickBooks Online, and Zoho Books with chart of accounts mapping.Enterprise ERP Deployments
Configuration and deployment of Odoo ERP, SAP Business, eFS ERP, and ERPnext for manufacturing & trading.Data Migration & Backlogs
Cleaning and migrating legacy spreadsheet records into validated, double-entry ERP databases.Staff ERP Training
Hands-on corporate training for internal accounting teams to optimize software adoption.Data Analytics & Power BI Executive Dashboards
Transform static balance sheets into dynamic, real-time executive decision intelligence. We connect your accounting data to interactive Microsoft Power BI visual dashboards.
Analytics Capabilities:
- Revenue and gross margin breakdown by product, branch, and sales channel.
- Working capital tracking: Days Sales Outstanding (DSO), inventory turnover, and cash conversion cycle.
- Real-time automated sync with cloud accounting APIs for automated board reporting.
- Cost variance analysis and forward-looking financial forecasting models.
Specialized Advisory, Bank Facilities & Valuations
Whether seeking banking credit facilities, investor capital, or visa immigration net worth certifications, our Chartered Accountants provide credible, certified reports recognized by financial institutions.
Advisory Engagements:
- Bank Loan & Facility Proposals: Comprehensive projected cash flows, CMA data, and debt service coverage ratio (DSCR) modeling for corporate facilities.
- Visa Net Worth Certifications: Certified Statement of Assets & Liabilities by a Chartered Accountant for student and business visas.
- Business Valuations & M&A: Discounted Cash Flow (DCF) and asset-based business valuations for shareholder disputes or equity sales.
- Feasibility Studies & Business Plans: Bankable feasibility studies for new commercial ventures and BOI projects.
NMRA Approvals & Quality Assurance Audits
Operating in Sri Lankaβs pharmaceuticals, medical devices, cosmetics, nutraceuticals, and healthcare product sectors requires stringent regulatory approvals under the National Medicines Regulatory Authority (NMRA) Act No. 5 of 2015. Synergy Advisors delivers end-to-end regulatory liaison, dossier compilation, and comprehensive quality assurance audits to fast-track market access and ensure complete statutory adherence.
Regulatory & Quality Solutions:
NMRA Product Registration
Statutory registration and marketing authorization for pharmaceuticals, medical devices, borderline products, and cosmetics.CTD Dossier Preparation & Filing
Compilation and validation of Common Technical Dossiers (CTD / ACTD), Summary of Product Characteristics (SmPC), and package insert reviews.Quality Assurance & GMP/GDP Audits
Independent quality assurance evaluations, Good Manufacturing Practice (GMP), and Good Distribution Practice (GDP) audits for warehouse and supply chain operations.Import & Wholesale Licensing
Facilitation of NMRA Import Licences, Sample Import Licences, Wholesale Dealer Licences, and Certificate of Pharmaceutical Product (COPP) verification.Sample Testing & Lab Clearance
Coordination of sample testing with National Drugs Quality Assurance Laboratory (NDQAL) and Certificate of Analysis (CoA) validation.Post-Marketing & License Renewals
Timely statutory renewals, product variations, pharmacovigilance documentation, and ongoing quality compliance monitoring.Ready to Engage with Synergy Advisors?
Contact our partners today to discuss your service requirements or request a customized proposal for your entity.