BOARD OF INVESTMENT OF SRI LANKA
APPLICATION FOR APPROVAL OF AN
INVESTMENT
UNDER SEC. 17 OF THE BOI LAW
NOTES FOR YOUR GUIDANCE
(i) The application shall be used
(a) Either for the purpose of setting up a new company to be operated under Sec.17 of the BOI Law
or
(b) To set up an expansion of an existing BOI company
(ii) This application should be completed with relevant information and submitted as indicated
in (vi).
(iii) Provide documentary evidence relating to business background e.g. Company Profile, Current Annual
Report, Bank References and a Project Report when requested by the BOI.
(iv) Application fee:
Please pay in cash or make cheques or drafts in favour of the “Board of Investment of Sri Lanka”.
US$ 400 + VAT + (2.5% SSCL) or its rupee equivalent
(v) If you require any assistance in filling up the application form, please contact;
Director (Investment Appraisal) and his staff on
Tel: +94 11 2346339, +94 11 2427077, +94 11 2434342, +94 11 2427094,+94 11 2434403-5, +94 11
2346131-3 (24th Floor)
(vi) Lodging an Application
Once you have completed the application form, it may be submitted with the appropriate fee to the
Relevant Director /Senior Deputy Director, Board of Investment of Sri Lanka, 24th Floor, West Tower,
World Trade Centre, Echelon Square, Colombo 01.
(vii) (a) Applicants of this application shall be either a shareholder in case of a new company
or
(b) A shareholder’s representative who is in possession of a letter of authority to act on his/her behalf.
(viii) The Board reserves rights to withdraw its approval at any time before signing of the agreement of the
project, if the Board finds any misrepresentation of facts stated in the application.
For Office Use Only
Project Officer Name Project Category
Ref. No. EC/4/…………/20…… Current Exchange Rate
1). Particulars of Investors Proposed Equity Contribution
US $ Mn %
a). Name:-
Address:-
Citizenship:-
National Identity Card/ Passport No:-
Tel:- Fax:-
Email:-
Current Business interests of
Investor/s:-
Any existing/previous BOI
Project/s:-
Interest in other BOI Projects, if any:-
b). Name:-
Address:-
Citizenship:-
National Identity Card/ Passport No:-
Tel:- Fax:-
Email:-
Current Business interests of
Investor/s:-
Any existing/previous BOI
Project/s:-
Interest in other BOI Projects, if any:
Note : Where the number of investors exceeds two (02), please attach a separate sheet.
2). Project
2.1. a) New (Tick as appropriate)
b) Expansion of an Existing BOI Project
c) Any Other (please specify) ………………………………
2.2. Summary of Proposed Project
(Give Brief description of the project and annex the concept paper)
3). Marketing Programme for One Year (US $ Mn.)
UNIT OF EXPORTS LOCAL SALES TOTAL
PRODUCTS/SERVICES
MEASURE QT VL % QT VL % QT VL
a).
b).
c).
d).
e).
f).
g).
h).
i).
4). Investment Programme (US $ Mn.)
YEAR 1 YEAR 2
Total
1 ST HALF 2 ND HALF 1 ST HALF 2 ND HALF
A. Fixed Capital Foreign Local Foreign Local Foreign Local Foreign Local Foreign Local
Land
Buildings
Plant & Equipment
Other
TOTAL (A)
B. Working Capital
Stocks
Cash in Hand
Other
TOTAL (B)
TOTAL (A & B)
5). Proposed Financing (US $ Mn.)
YEAR 1 YEAR 2
Type of Financing 1 ST HALF 2 ND HALF 1 ST HALF 2 ND HALF
Foreign Local Foreign Local Foreign Local Foreign Local
Share Capital
Loan Capital
Others (Specify)
TOTAL
Note: If Investment Programme and Proposed Financing exceed 2 years please annex a separate sheet
6). Manpower Requirements
Permanent Employment(Number)
Category *Initial Capacity
Local Foreign Total Local Foreign Total
a). Managerial Staff
b). Technical and Supervisory Staff
c). Clerical and other workers
d). Skilled workers
e). Un-Skilled workers
Total
Please submit details regarding the foreign employees – Foreign employment in ‘c’‘d’ & ‘e’ above will not
be considered.
*Please specify period of initial stage
7). Remittable Liabilities:
Amount per Year (US $ Mn.) Total
Remittable Liability
1 2 3 4 5 (US $ Mn.)
7.1 Royalty
7.2 Technical Services
7.3 Others (Please specify)
8). Programme of Implementation:
Activity No. of months after the date of Agreement
Construction of Buildings
Installation of Machinery
Trial Production
Commercial Production / Operation
9). Contact Person in Sri Lanka (if any):
Name : ………………………………………………………………………………..
Address : ………………………………………………………………………………..
Tel : ………………………. Fax : ………………………. Email : ……………………………………….
10). Declaration:
I declare that the information furnished above in this application, attachments and otherwise
represented are true and correct and undertake to inform the BOI immediately if any change in the
information given above.
Signature:
Name: ……………………………………Designation: …………………………..
Tel : ……………………. Fax: ……………………. Email: ………………………………… Date: …………………..
