Board Of investment

Investment Approval process

Start

Start BOI Investment Approval Process

Step 01

Application Submission

Submit your Application for BOI approval at invester facilitation center (IFC)
Download Applications

Land Committee Approval

Allocating BOI/Zone Land - Project Screening committee Approval including environmental/ engineering Clearance in principle.

Step 02

Letter of Acknowledgement

Assigning a Project officer and BOI Appraisal Department Grant the approval.

Assign BOI Officer for project

Step 03

Incorporation Of Company

Register project as Company with Department of the Registrar of Companies and Opening Bank A/C

Project Activity

Complete the project activity such as Preliminary clearance / Environment Clearance / Site Clearance / Rules of origin certificate / Import export License

Step 04

Formal Letter of Approval

After Completeting Project activity BOI grants Formal letter of approval

Collect Draft Agreement

In this Step Can Collect the Draft Of Agreement and Start the preliminary planning clearance for the building

Step 05

Signing of Agreement

Under Section 17

Opening Bank Account FCBU/ IIA

Step 06

Implementation

Registration VAT/ TIN with IRD.
Import Export Registration with SL Customs
Work Permit & Recidence Visa

BOI Approvals

Import (Duty Free Items) / Export Registration From IS Departmet of BOI. Approvals from Investment Appraisal Dept/ Engineering Department

Step 07

Certificaions (COL / EPL)

Grant Certificate of conformity (COC) and Environment Protection Licence (EPL)

Commence Commercial Operation