Get Application Form For Obtaining Approval Under Section 17 Of The Boi ... - Gic Gov

This guide provides a comprehensive overview of how to complete the Application Form for obtaining approval under Section 17 of the BOI. Whether you are establishing a new company, expanding an existing enterprise, or transferring an existing business, this step-by-step guide will ensure that you fill out the form accurately and efficiently.

Follow the steps to complete your application form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by reviewing the sections of the form carefully. The application is divided into several key areas: investor details, project description, investment and financing plans, manpower requirements, remittable liabilities, implementation program, and a declaration.
3. Fill in the particulars of investors in section 1. Provide names, addresses, citizenship status, and contact information for all investors. If there are more than two investors, attach a separate sheet.
4. In section 2, indicate whether the application is for a new project, expansion, or another reason. Make sure to check the correct option.
5. Provide a brief description of the proposed project in section 3. Annexe any necessary concept papers that detail your project further.
6. In section 4, outline your investment program by specifying fixed capital and working capital plans over the first two years. Detail the expenses related to land, buildings, equipment, and operational costs.
7. Complete section 5 on proposed financing, breaking down the types and sources of financing expected in both years, categorized by share capital and loans.
8. Fill in section 6 with the anticipated manpower requirements, detailing the number of employees by category and noting any foreign employee details.
9. Detail your remittable liabilities in section 7, specifying estimated amounts each year for royalties, technical services, and other obligations.
10. In section 8, outline your program of implementation with timelines for key activities post-agreement.
11. Provide details for a contact person in Sri Lanka in section 9, if applicable.
12. Finally, complete the declaration in section 10 with your name, designation, signature, and date. Ensure that all information provided is accurate and true.
13. Once you have completed the application form, save your changes, download a copy for your records, and print it if necessary. Remember to submit the application with the required fee to the designated BOI office.

Start filling out your application form online to secure your investment approval today.