boi sri lanka online

LBO is the pioneer and leader in online business and economics news in Sri Lanka, LBO brings you a more comprehensive online news experience, integrating a host of … Temporary removal of machinery, spare parts and other equipment imported on duty free basis for repairs and modifications from a zone is also permitted to BOI enterprises on obtaining the approval from the relevant service center. Before signing the agreement with the BOI, investor is supposed to obtain an approval for the proposed site, from the BOI. If you are looking for information regarding investing in Sri Lanka please contact, the Investor Facilitation Center. Facilitate to meet the manpower requirement through job placement centers. Transfer of Machinery on loan or rental basis. Sanjaya Mohottala, the Direct General (DG) of BOI met with Sarah Hulton OBE the British High Co The company should submit the following documents along with the visa application in three sets to... On request, BOI may issue a letter of recommendation to Sri Lankan, Foreign Nationals who wish to travel to Sri Lanka for a short visit, The company should submit the following documents along with the visa application in three sets to, 2015 Board of Investment of Sri Lanka.  , Certified copy of BOI certificate(certified copy of the Letter of Approval for Sec. BOI Enterprises could obtain or transfer Machinery and Equipment to/from another BOI enterprise on loan basis. Engineering Approvals Department assists the investor by recommending the quantities of these items/materials, shipment by shipment basis to the Customs, after checking them against the plans and the BOQ. The Environmental Impact Assessment regulations of Sri Lanka include a list of Prescribed Projects in respect of which a specified procedure has been laid down in the regulations for granting of environmental clearance. In addition to the Central Verification Terminal (Orugodawatta) and Air Cargo Terminal (Katunayake), BOI has several other centres for verification of import / export cargo by enterprises, located in the following Export Processing Zones. If the quantity of machines is more than 5, the company has to submit a corporate guarantee to the relevant Investor Services Center. For this purpose you are required to submit form 45/FO/IS/44 to the relevant service Center. Apply Visa Online Compliances for processing Of Visa. Request for exports should be made under Cusdec declaration I and II and submitted to the relevant BOI Service Centre for approval. Bank of Ceylon. BOI Enterprises are permitted to transfer raw material and accessories between BOI and non-BOI enterprises coming under the preview of Sri Lanka Customs to be used for production of items for export. Harmonizing and mediating the trade union activities. Facilitate to form and operate the Employees’ Councils. 17 of BOI Law, Enterprises Approved under Sec. Section 17 BOI projects are entitled to import construction items/materials for their projects, provided the item type is not included in the “negative list”. The Board of Investment of Sri Lanka (BOI), Colombo Stock Exchange (CSE) and Ceylon Chamber of Commerce (CCC) are set to organize a first-of-its-kind virtual investment forum to collectively promote direct and equity investment opportunities in Sri Lanka on 6th 7th and 8th April 2021. Foreign training). 17 of BOI Law Annual Fee ... 2015 Board of Investment of Sri Lanka. As the traveller has provided all the required personal and passport details in advance, the visa can be … The BOI said in a statement that they will take stern action Enterprises Approved under Sec. The Board of Investment (BOI) of Sri Lanka provides assistance and advice throughout the investment process. Board of Investment’s (BOI) key objectives include encouraging and promoting investment, specifically Foreign Direct Investment (FDI), diversify the sources of foreign exchange earnings, and increase export earnings, promote innovation, adoption of new technologies, generate new employment and promote Sri Lanka as a Trading Hub. Enterprises should bring to the notice of the department any apprehended or existing disputes or problems faced by them in this area so that they could be attended to promptly with a view to speedy settlement by the appropriate authorities. Organizing the program / workshop to educate the employees on positive thinking. To provide the above-mentioned services, the BOI has Investor Service Centers located at; After signing the agreement with the BOI, to obtain the relevant services from one of the above centres, you should first register with the respective Investor Service Centre. In respect of Enterprises outside the Export Processing Zones, the BOI grants Environmental Clearance and issues Environmental Protection Licences after obtaining concurrence from the CEA where necessary. The operations of all enterprises should be carried out ensuring conformity to the provisions of the National Environmental Act and its regulations. Why Sri Lanka. Only a random verification will be effected and in the event a shortage or excess of imported cargo is detected after cargo is taken to factory premises, the Enterprise should inform the respective service centre within 01 week of clearance of cargo. After signing the agreement, and before commencing construction at the site, it is required to obtain an approval for the building plans from the Engineering Approvals Department of BOI. Facilitate to resolve the industrial disputes speedily. The Board of Investment of Sri Lanka promotes and facilitates labor management co-operation and industrial harmony in the enterprises coming under its purview and towards that end, provides advisory services and guidance to employers and employees through its Industrial Relations Department. Tel : +94 11 2446790-811(22 lines) +94 11 2338741 / 55 Fax : +94 11 2321160. The event is expected to attract investment interest from around the world, … Investigation into complaint / grievances of employees. Retail is another growing sector in Sri Lanka. Registration of user account for declarant portal. Sign-in Online Information Reports Submit Export Data. In his address to the senior staff Wanigasekara shared his vision for the BOI: a dynamic and robust outfit that is armed and competent to compete internationally with all other countries that are vying for a share of the global FDI pool. Investment Opportunities – Board of Investment of Sri Lanka. Air Cargo Terminal located at Katunayake has been established to verify Air Freight Import / Export cargo. Sri Lanka already boasts a number of features that tend to be key determinants in attracting FDI inflow, including its fast-developing infrastructure, high-quality labour and openness to trade. You are also requested to submit a CUSDEC prior to effecting the transfer. The Environment Department of BOI assists the project proponents in obtaining Environmental clearance by providing necessary! For commencing commercial operations as a Central facilitation point for investors, which is committed towards improving the country s! Labor and industrial relations structured to function as a Central facilitation point for investors, which is committed towards the! Which could be downloaded from the BOI clarifications / opinions on IR related matters / meeting / for! Center for this purpose you are looking for information regarding investing in Sri are. 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