The Hon. Ravi Karunanayake

New Democratic Front· National List· 28 February 2025 ·Oral question: Oral Question 2 - Companies Registered with Registrar of Companies (Q.426/2025)

Public Finance

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Raised the issue that company registration costs of around Rs. 35,000–50,000 may be burdensome for SMEs and start-ups. Proposed creating a “small companies” category, similar to the UK model, with lower paid-up capital thresholds and a pathway for such firms to graduate later as they grow.

Verbatim record (translated)

Machine-translated from Sinhala / Tamil / English

¶ 01 My second supplementary: registration now costs about Rs. 35,000–50,000. For SMEs and start-ups, consider a “small companies” category, as in the UK, with lower paid-up capital thresholds, enabling them to graduate later.

Provenance

Source: Hansard, Friday, 28 February 2025 ·No. 1741927369029372 ·English daily/uncorrected Hansard
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Cite as: The Hon. Ravi Karunanayake. 10th Parliament, Parliament of Sri Lanka. Hansard, 28 February 2025. No. 1741927369029372. Politick, https://staging.politick.io/lk/speeches/26213