|Required Forms No.42/FO/IN/01 No.42/FO/IN/02|
Obtaining of Approval to set up Investment Projects in Sri lanka
Qualifications required (in brief) for granting Approvals
Granting of approval to set up Investment Projects is done in keeping with the regulations setup under Sections 16 or 17 of the BOI Law.
The eligibility criteria to be satisfied under these regulations are briefed below.
• Granting of Approval under Section 17 of the BOI Law.
Investors are eligible for relevant incentives based on the minimum investment, employment, location and exports required to be fulfilled as per the gazette notification published.
• Granting of Approval under Section 16 of the BOI Law.
To set up an investment project by a foreign investor or a company in Sri Lanka to operate under Normal Laws of the country without enjoying incentives, an approval needs to be obtained for the Foreign Investment portion under the Section 16 of the BOI Law.
Contact the staff officers listed under "Staff Officers in-Charge of Services" to obtain the details of minimum investment amount and employment & export capacity required for granting Approval under Section 17 of the BOI Law.
Places where Applications could be Obtained :
Investment Promotion Department,
Application Fees : No fees charged.
It could be downloaded from the BOI web (www.investsrilanka.lk)
Time Allotted for Submitting of Application : From 8:30 am to 4:00 pm on public working days.
Application Processing Fee :
1. For investments less than US $ Mn. 25 : US $ 150.00+12% VAT.
Time taken to Provide Services : (General and priority services)
Required Documents :
Staff Officers in-Charge of Services :
*Sector Group 03 - Other Manufacturing, regional Programmes and Apperal Sector
Exceptional and Special Circumstances :
Specimen Application Form :
• Application Form 01 : Application form for obtaining Approval under Section 17 of the BOI Law.(
The method of filling the application forms is determined based on the nature of the proposed project.
More Advice could be Obtained from Staff Officers Listed Above.
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|Last Updated On: 2014-01-07 12:05:54|
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