President’s Office establishes Task Forces to simplify business processes


In a bid to create a business-friendly atmosphere within the nation, the Presidential Secretariat has organized 54 establishments that present investor facilitation companies beneath seven Job Forces on the directives of President Ranil Wickremesinghe. 

The goal is to simplify the processes concerned, cut back the time taken, and make info available to extend effectivity.

Job Forces have been given clear deliverables and have made concrete commitments to ship them. 

The primary evaluation was held on the Job Pressure on Registering a Enterprise, which focuses on authorized reforms and operational enhancements to facilitate enterprise entry on the Registrar of Corporations. 

The Job Pressure has dedicated to delivering key outputs resembling growing a digital signature system, incorporating final beneficiary possession into the Corporations Act, and simplifying present types utilized by the Registrar of Corporations (RoC).

The second evaluation centered on the ‘Registering Property’ Job Pressure, which goals to enhance the steps concerned in land registration, required certificates, and associated funds

The Job Pressure consists of seven establishments, together with the Surveyor Basic’s Division, Colombo Municipal Council, Western Province Income Division, and Data & Communication Expertise Company.

The Job Pressure is dedicated to implementing the e-Land System to reduce the time, price, and procedures concerned in coping with title searches, registering e-deeds, and acquiring constructing/avenue line certificates.

The Job Pressure has determined to initially focus on bettering the Colombo space and has dedicated to establishing a web based facility for title search and issuing folio extracts, establishing a system for on-line stamp responsibility opinions, growing a system to facilitate deed registration, making ready the Cadastral Plan and net publishing, and digitizing scanned outdated survey plans. 

The land parcel-based info net service for the Western Province has already been launched.

The Job Pressure has given its dedication to ship outputs resembling a web based system for title search on the Colombo Land Registry, an automatic stamp responsibility calculation system on the Western Province Income Division, and an automatic system for deed registration on the Colombo Land Registry by the top of 2023. The Ministry of Expertise will handle inter-agency connectivity and digitalization points to facilitate the Job Pressure in assembly its targets.

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