Director Services & Corporate Governance
We provide professional Director Services to help businesses meet legal requirements, strengthen governance, and make confident strategic decisions. Whether you need a nominee director for foreign company compliance, board-level advisory, or company secretary services, Ontriq delivers experienced, reliable, and compliant director solutions in Sri Lanka.
Director Services in Sri Lanka
Under the Companies Act No. 07 of 2007, every company registered in Sri Lanka must have at least one director who is a resident of Sri Lanka. For foreign-owned companies, this requirement often necessitates appointing a local nominee director. Beyond legal compliance, effective board governance is essential for strategic decision-making, regulatory oversight, and business credibility.
Ontriq provides professional director services that combine legal compliance with real governance value. Our directors bring industry experience, regulatory knowledge, and a commitment to confidentiality and fiduciary responsibility. We also offer company formation and annual returns filing as complementary services.
What We Offer
Comprehensive director and governance services.
Statutory / Nominee Director
Acting as a legally required local director for foreign-owned companies, ensuring compliance with company law and maintaining fiduciary responsibility.
Corporate Governance & Compliance
Guidance on directors' duties, oversight of statutory filings, maintenance of corporate records, and risk and compliance monitoring.
Board & Strategic Advisory
Board meeting participation, business strategy input, financial oversight, and support with investor and stakeholder relations.
Company Setup & Structure
Assistance with company incorporation, board structure advice, constitutional document review, and coordination with legal and tax partners.
Representation & Liaison
Liaison with regulators, banks, and authorities. Support during audits, inspections, and due diligence processes.
Company Secretary Services
Maintaining statutory registers, filing annual returns, managing AGM documentation, and ensuring ongoing compliance with the Registrar.
Who This Is For
Tailored for diverse business structures and needs.
Foreign-owned companies
International companies needing a Sri Lankan resident director for legal compliance.
Startups and SMEs
Growing businesses needing governance expertise and board-level guidance.
Companies expanding into Sri Lanka
Support for market entry including local director appointment and regulatory compliance.
Founders seeking board support
Experienced non-executive directors for strategic guidance and credibility.
Frequently Asked Questions
Common questions about director services.
What are director services?
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Director services involve providing professional individuals to serve as directors on company boards. This includes nominee/statutory directors for legal compliance, corporate governance advisory, board meeting participation, and strategic business guidance. Ontriq provides experienced directors who fulfill legal requirements while adding real governance value.
Why would I need a nominee director in Sri Lanka?
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A nominee director is typically required when a foreign-owned company needs a Sri Lankan resident director to comply with the Companies Act. Additionally, startups and SMEs may need professional directors to strengthen governance, meet banking requirements, or provide strategic oversight.
What is the difference between a nominee director and an executive director?
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A nominee director serves primarily to fulfill statutory requirements and provide governance oversight, while an executive director is involved in day-to-day management. Ontriq provides nominee and non-executive directors. Our directors attend board meetings, ensure compliance, and provide strategic input, but do not manage daily operations.
Can a foreigner be a director of a Sri Lankan company?
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Yes, foreigners can serve as directors of Sri Lankan companies. However, at least one director must be a resident of Sri Lanka. Ontriq provides local resident director services for foreign-owned companies that need to meet this requirement.
What are the duties and liabilities of a company director in Sri Lanka?
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Under the Companies Act No. 07 of 2007, directors have fiduciary duties including acting in good faith, exercising due care, avoiding conflicts of interest, and ensuring compliance with statutory obligations. Directors can be personally liable for breaches of these duties, tax defaults, and certain regulatory violations.
