Home / Business/ DRC, Labour Dept. sign MOU to implement single window for business registration

DRC, Labour Dept. sign MOU to implement single window for business registration


Comments / {{hitsCtrl.values.hits}} Views / Friday, 9 February 2018 00:00


A Memorandum of Understanding (MOU) was been signed between the Department of the Registrar of Companies and the Department of Labour to share information between the two departments for the establishment of a web-based single window for business registration.  

Registrar General of Companies D.N.R. Siriwardena and Commissioner General of Labour R.P.A. Wimalaweera signed the MoU.

The single window for business registration is expected to be launched from April 2018. The Information and Communication Technology Agency of Sri Lanka (ICTA) will facilitate the establishment of an integrated system connecting the Department of the Registrar of Companies, Department of Labour and the Department of Inland Revenue. 

This web-based single window for business registration allows the applicant to obtain a business registration number, EPF number and TIN number by filling a single application online. It will reduce the time taken to register a business currently from six days to one day. 

The single window for business registration is a reform implemented under the Starting a Business Task Force which is appointed to implement Investment Climate Reforms of Sri Lanka to improve business registration of companies. 

The main objective of the Investment Climate Reforms program is to improve the Ease of Doing Business and thereby to the Doing Business Index of Sri Lanka. The Ministry of Development Strategies and International Trade is coordinating the overall Investment Climate Reforms program with eight task forces including the Starting a Business Task Force.

 


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Hype and haunt hovering over Gotabaya Rajapaksa

Thursday, 24 May 2018

There is a connection between the hype that is being built these days around Gotabaya Rajapaksa, former Defence Secretary and once-powerful brother of the once-powerful President, and the haunt that shadows him wherever he goes. The hype is loud and


Northern nonsense, SLPP slip-up

Thursday, 24 May 2018

The Tamil politicians and civil society movements are about to blow it—yet again. A week after the TNA’s Wigneswaran, Chief Minister of the Northern Provincial Council, presiding over a militant mobilisation at Mullivaikkal, greatly exceeded the


Overlooking systemic crises: Subjecting to neoliberalism and potential hegemon – Part 3

Wednesday, 23 May 2018

Renegotiating a country’s position within the world-economy is only possible when the system and/or leaders are in trouble


Annuity-based PPP can expedite infrastructure developments

Tuesday, 22 May 2018

Sri Lanka has primarily relied on public finance for the development of public goods and infrastructure. While running


Columnists More