BOI Investment Approval Application Sri Lanka
This file contains the application form required to seek investment approval under the Board of Investment (BOI) of Sri Lanka. It provides detailed guidelines on the application process, necessary documentation, and fees. Businesses looking to set up in Sri Lanka will find this essential for garnering foreign investment.
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How do I fill this out?
To fill out the application, start by providing comprehensive information about the investor and project details. Ensure all sections are completed accurately to prevent any delays in processing. Lastly, submit the required documents alongside the application fee as specified.
How to fill out the BOI Investment Approval Application Sri Lanka?
1
Gather the necessary documents including the company profile and financial reports.
2
Complete the application form with accurate information.
3
Specify the type of investment and project details.
4
Pay the application fee in the designated format.
5
Submit the completed application and required documents to the BOI.
Who needs the BOI Investment Approval Application Sri Lanka?
1
Foreign investors looking to establish a business presence in Sri Lanka.
2
Existing companies seeking to transfer or issue new shares to foreign investors.
3
Entrepreneurs planning to start a company with 100% foreign ownership.
4
Businesses needing to comply with regulations enforced by the BOI.
5
Consulting firms assisting clients in navigating investment procedures.
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3
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4
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What are the instructions for submitting this form?
To submit the application, ensure it is filled out completely and accurately. You can send it via email to the BOI's designated contacts provided on their website, or submit it in person at their office located at the World Trade Centre in Colombo. For any inquiries, contact the BOI officials listed in the application form.
What are the important dates for this form in 2024 and 2025?
Important deadlines for submitting applications and fees are typically announced by the BOI. Keep an eye on announcements for any changes regarding processing times. It is advisable to submit your application well in advance of any intended project date.
What is the purpose of this form?
The primary purpose of this form is to seek official approval for investment projects in Sri Lanka. By filling out the application accurately, investors can comply with national laws and engage with the Board of Investment. This process is vital to ensure a smooth and lawful establishment of businesses in Sri Lanka.
Tell me about this form and its components and fields line-by-line.
- 1. Investor Profile: Contains details about the investors including names, addresses, and contact information.
- 2. Project Profile: Requests specific information concerning the project type, investment, and financing details.
- 3. Contact Person: Details of a local representative who may assist with further communications.
- 4. Declaration: A section where the investor attests to the accuracy of the provided information.
What happens if I fail to submit this form?
Failing to submit this form will result in a lack of investment approval, delaying your business operations. It can also lead to potential financial losses and missed opportunities for foreign investment.
- Delay in Project Start: Without approval, projects may be stalled leading to financial losses.
- Legal Repercussions: Operating without the necessary approvals may result in legal issues.
- Loss of Credibility: Failure to comply with regulations can tarnish an investor's reputation.
How do I know when to use this form?
- 1. Establishing New Business: To legally set up a new business entity with foreign investment.
- 2. Transferring Shares: For existing companies looking to issue new shares to foreign investors.
- 3. Combining Ventures: To seek approval for joint ventures with foreign participation.
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Are there instructions available for filling out the application?
Yes, detailed instructions are provided within the PDF and our support page.
What types of investments qualify for approval?
The application covers various investment types as outlined by the BOI, including foreign shareholding options.
What fees are required with the application?
There is a fee of US$ 200 plus VAT, payable through designated methods.
How long does the approval process take?
Approval times vary based on the submission and review process but generally take a few weeks.
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