Corporate Services
Who Really Owns the Company? Understanding UBO Compliance in Sri Lanka
Sri Lanka’s Companies (Amendment) Act No. 12 of 2025 and the Beneficial Ownership Regulations — effective 30 March 2026 — require companies to look past the share register and identify the natural persons who ultimately own or control them, keep verified records, and report to the Registrar. UBO compliance is now an ongoing governance process, not a one-off filing.