• Past registered Deeds
• Minimum 30years Extracts
• Approved Survey Plan, Street Line Non vesting & Ownership Certificate
• Electricity and water bills under the name of the owner
• All title Deeds & Preliminary plans

• Administrative area of UDA or Local Authority.
• Neighborhood Status
• Infrastructure Facility
• Public Transportation
• Particular land value is also depend on the wide of the accessible Road
• Soil Test of the Land

Minimum of 30 years

Companies such as Earth Lanka Holdings (Pvt.) Ltd will help you to obtain relevant documents and approvals.

Yes, According to the government regulations it is must to obtain valuation report for any transfer deed.

The professional valuation team is available under the banking sector. Therefore, as an expertise company in banking sector we, Earth Lanka Holdings (Pvt) Ltd can help you to obtain a Valuation Report from the bank Valuation Team.

• Lease agreements should be legally enforced and should be less than 10 years.
• Get the final copy of your agreement and check your right from time to time.

Need to submit the NIC Copy , Copy of the deed and the existing bill to the relevant office and need to be “0” value of the bill before change the name of the owner.

You can find the details through Local Authorities. (Provincial councils , Municipal councils etc.)

If the property value is more than Rs. 10 Mn, need to file a testamentary case by the person who going to transfer the ownership

OR

The person who going to transfer the ownership needs to submit the original documents of death certificates along with the declaration deed to the relevant land registry.

You Can be obtained the duplicates documents from relevant Land Registry.

• 13 % – 17% from Banking Institution
• 17% – 24 %  from Finance Institution

• Deed of the land
• Approved Survey Plan, Street Line, Non vesting & Ownership Certificate
• NIC Copies
• Proof for the monthly income.( Salary Particulars)
• Bank Statements for at least 6 months
• Billing proof document to confirm the address

Average  from 60% to 70%  from FSL Value

• Projects Reports with Feasibility Reports
• Budgeted Profit & Loss , Budgeted Financial Position with Budgeted Cash flow
• Last 3 Years Audited Accounts
• 6 months Bank Statements
• Directors Profile (KYC  Statements)

Through a professionals such as Earth Lanka Holdings (PVT)Ltd

Obtaining Name Approval

Submitting company registration forms

After obtaining the name approval, submit Form No. 1, 18, and 19.All forms should be printed or typewritten. (Section 475). Handwritten forms will not be accepted.
We’ve gone ahead and attached the forms to make it easier for you.

Form 1 – Company Registration (Rs. 4,000 + VAT 15%)
Form 18 – Consent and Certificate of Director (Rs. 2,000 + VAT 15%)
Form 19 – Consent and Certificate of Secretary/Secretaries (Rs. 2,000 + VAT 15%)

 Submit Articles of Association

A company may either adopt the standard Form of Articles of Association in Table A of the Companies Act of Sri Lanka or draft its own Articles of Association. You must submit 2 copies.
Fee(Rs. 2,000 + V – AT 15%)

Give public notice of incorporation

After everything else is done, the final procedure is to give public notice. This is usually done by publishing a small blurb on the local papers.

This should include the company registration number & the name of the company. As well as the Registered office address of the company.

This should be on at least one issue of the Gazette; and in at least one issue of a daily newspaper in the Sinhala, Tamil & English languages, circulating in the area of business.

(Rs. 7,500)

Give public notice of incorporation

• Limited Liability:Like corporations, LLCs provide their members protection from liability. This means that members are not personally liable for debts and often court judgments incurred by the LLC. Creditors are foreclosed from seeking the personal assets of the LLCs members. It is a meaningful shield not provided in a sole proprietorship or traditional partnership.

• Tax Flexibility can be obtained
• Separate Legal Entity from their Owners.
• Company Audited Accounts must maintained.
•  Company Name –  no need to mentioned Owners Same Name , you can register another Name

• Interest Rate
• Mode of receiving interest
• Investment period
• Profile of the Bank

After completing Market research and feasibility analysis through a consultant such as Team of  “Earth Lanka Holdings (Pvt) Ltd” They will direct you by providing solution with considering  of different  aspect of the Business growth of Internally  and Externally.

• Banking Interest Rate
• Payment Plan and Period of Remaining
• Other related Banking expenses and Charges of rescheduling
• Ability of Cash Flow repayment capacity.