They are also required to maintain a healthy and harmonious industrial labor relations climate conducive for higher efficiency and productivity. Relevant schedule is attached in the Environmental Norms. The Board of Investment (BOI) of Sri Lanka provides assistance and advice throughout the investment process. BOARD OF INVESTMENT OF SRI LANKA: Level 24, West Tower, World Trade Centre, Colombo 01 Telephone : +94-11-2434403 / +94-11-2346131/3 Fax : +94-11-2448105 Email : info@boi.lk Website: www.investsrilanka.com OFFICE OF CHAIRMAN: Secretary to the Chairman 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. Investment Opportunities – Board of Investment of Sri Lanka. This initiative is facilitated via LankaPay Online Payment Platform, a real-time and online payment platform of LankaClear. Sharing information with liaison authorities. Enterprises are requested to pay the relevant verification charges and register details of cargo at the unit for verification. "However, For this purpose, you should obtain approval from the respective Investor Service Center using the application form 45/FO/IS/09 which can be downloaded from our website. Boí Thermal is a natural and hypoallergenic brand based on the medicinal waters of Caldes de Boí, a health resort in the Spanish Pyrenees.Rich in trace elements that combine to form a special and unique mineral profile, these millenary waters restore life to dull and tired skin, as they provide a boost of hydration, elasticity, and softness. Asphalt concrete road access available to … Also items manufactured at an enterprise are permitted to be sold to another BOI enterprise as project related item/s of the purchasing party. The BOI said in a statement that they will take stern action 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. You should make a request to the relevant service centre for approval on submission of the re-export/temporary export application. Affording appropriate facilitates to workers’ representatives in the undertaking to carry out their functions promptly and efficiently. .. Central Verification Terminal at Orugodawatta has been established to verify Sea Freight, Import / Export cargo of enterprises obtaining services from the Colombo Service Centre. 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. For this purpose you are required to submit form 45/FO/IS/43 to the relevant service Center. Obtain Approval from relevant government authorities, if required. Sub-contracting to meet your urgent production orders would be permitted if requested. All Rights Reserved. The event is expected to attract investment interest from around the world, including high-net-worth … “There will be policy continuity when it comes to tax regimes for the next five years, something we never had in the past. Respecting the right of the workers to bargain collectively through their trade unions, or in the absence of a trade union, through other organization or body consisting of their elected representatives in the workplace. Respecting the right of the workers to form and join trade unions of their own choosing. The Enterprises are advised to submit the following latest payment/documents to BOI for the processing of visas without any interruption. Providing safe and hygienic working conditions. The enforcement of provisions under the National Environmental Act is carried out by the BOI in respect of all projects established within its Export Processing Zones. (Job Banks). Centralized – Administrative Complex housing the BOI service units, Banks, Sri Lanka Customs, freight forwarding companies, Postal etc, within the Zone. Bank of Ireland UK is a trading name of Bank of Ireland (UK) plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 512956. Enterprises should also ensure that cargo declared on the import and export cusecs have been physically imported and exported. Transfer of Machinery on loan or rental basis. Sale/purchase of machinery/equipment imported on duty free basis is permitted between BOI enterprises, on a case by case basis. Labor laws of the country are applicable to all enterprises, including BOI enterprises, and the Ministry and the Department of Labor are responsible for labor administration functions, including labor law enforcement and Industrial Relations. eg: Visas for expatriates, green channel facility etc. However, you must have a retail space in … Eliminating excessive working hours and overtime work. COVID-19: Shipments to Sri Lanka are being handled normally for DHL Express Shipping. BOI has several centres for examination of import / export cargo by enterprises, including the following Free Trade Zones. Regular mail might suffer delays. Learn more. This is a pre-requisite for signing the Agreement, with the BOI on the project. Mar 22, 2019 (LBO) - Issuing a statement the Board of Investment of Sri Lanka said they are aware that there is no agreement signed between Oman’s Ministry of Oil and Gas and Silver Park International PTE Ltd with regard to equity arrangements for the oil refinery project in Hambantota. Once the construction of the building is completed, Engineering Approvals Department visits the site for the final inspection. Enterprises should produce cargo for verification either to the CVT, ACT or the respective EPZ no sooner it is cleared from the port or airport. They could also obtain machinery and equipment from a non-BOI enterprise on rental basis. Accordingly, Labor Standards and Employment Relations in the BOI enterprises will be governed, inter alia, by the following policies and principles; © 2021, Board of Investment of Sri Lanka. Before signing the agreement with the BOI, investor is supposed to obtain an approval for the proposed site, from the BOI. The aim via the MoU is to reduce time and costs for foreign and domestic investors by streamlining the SLTDA and BOI investment approval processes. As the traveller has provided all the required personal and passport details in advance, the visa can be … Registration of user account for declarant portal. If the quantity of machines is more than 5, the company has to submit a corporate guarantee to the relevant Investor Services Center. If you are looking for information regarding investing in Sri Lanka please contact, the Investor Facilitation Center. Investors visit Engineering Approvals Department at four occasions during the implementation period of their respective projects. The Enterprises are advised to submit the following latest payment/documents to BOI for the processing of visas without any interruption. Oct 21, 2019 (LBO) – The Board of Investment of Sri Lanka has taken another significant step forward where customers have the convenience of making their payments online directly to BOI, a statement said. The Board of Investment (BOI), Colombo Stock Exchange (CSE) and Ceylon Chamber of Commerce (CCC) will hold a first-of-its-kind virtual investment forum to collectively promote direct and equity investment opportunities in Sri Lanka from 6-8 April. The Board of Investment of Sri Lanka has introduced a facility through which the customers of BOI have the convenience of making their payments online directly to BOI instead of physically visiting the institution to make payments.This initiative has been facilitated via LankaPay Online Payment Platform, a real-time and online payment platform of LankaClear, the BOI said in a Facilitate to form and operate the Employees’ Councils. According to a recent news Sri Lanka intends to boost more “Foreign Direct Investment”, which is up to $ … A letter confirming the suitability of the site is issued to the investor at the end. 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. Certificate of Conformity (COC) is issued if the construction is completed in accordance with the approved plans and the premises is ready for the commercial operations. Sanjaya Mohottala, the Direct General (DG) of BOI met with Sarah Hulton OBE the British High Co Examination and commenting on joint venture agreements and other applicable/relevant agreements where required. The Sri Lanka ETA (Electronic Travel Authorisation) was introduced to streamline the visa on arrival procedure. Further information on Environmental Protection requirements and advice could be obtained from the Environment Department of BOI. The BOI is also committed to promote the application of the principles undertaking the Global Compact and related International Labor Standards by the employers in the BOI enterprises, both within and outside Export Processing Zones. Sri Lanka deliveries in 3 to 5 business days Free and Fast Shipping for orders above $154.78 Sign-in Online Information Reports Submit Export Data. Air Cargo Terminal located at Katunayake has been established to verify Air Freight Import / Export cargo. Facilitate to meet the manpower requirement through job placement centers. Time taken to Provide Services (General and priority services) About half an Hour. Investment Opportunities – Board of Investment of Sri Lanka. As and when Certificate of Origin for export of Apparels is issued by the BOI, an additional copy of the CUSDEC is required, Quota allocation for exports to India could be obtained from the, Certificate of Origin for export to India will be issued by the Department of Commerce, Certificate of Origin with regard to exports to, For all other countries Certificates of Origin should be obtained from the Chamber of Commerce. Enterprises should obtain the Certificate of Conformity (COC) from the Engineering Approvals Department/Regional Office or the respective Zone office before effecting the first export. BOI, CSE & CCC to organize first-ever virtual investor forum to attract foreign investment. GRNs in respect of the subcontract should be submitted by the BOI enterprises effecting the subcontract as proof of performance of the enterprise. 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. Eliminating discrimination in employment, occupation and remuneration against workers on such grounds as race, sex, religion, political opinion. Formulating effective communication policy within the workplace to promote rapid dissemination and exchange of information relating to various aspects of the undertaking and to the social conditions of the workers. For this purpose, you should obtain approval from the respective Investor Service Center using the application form 45/FO/IS/09 which can be downloaded from our website. The relevant application form 45/FO/IS/31 could be downloaded for this purpose. Harmonizing and mediating the trade union activities. 16 of BOI Law. Board of Investment of Sri Lanka, Level 05, West Tower, World Trade Centre, Echelon Square, Colombo 01. Aug 26, 2020 (LBO) – Board of Investment of Sri Lanka (BOI) has engaged with the British High Commissioner to discuss strategies to attract more Foreign Direct Investment (FDI) from the United Kingdom. Mohottala, who was previously BOI’s Director General, made these remarks at a webinar titled “Investment Climate and Strategies to attract FDI in Sri Lanka” on 17 December. BOI Enterprises could obtain or transfer Machinery and Equipment to/from another BOI enterprise on loan basis. This unit is open 24 hours of the day and offers a specialized service to its customers. Registration of details of your enterprise and contact persons in to IEMS system of BOI. Regular mail might suffer delays. 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 … In line with the ASYCUDAWORLD system, registration in the Investor Services Department under Import Export Monitoring System (IEMS) for the purpose of payment of BOI service charges for import/export and other services is requested. Level 5, West Tower, World Trade Center, Colombo 01, Srilanka. For this purpose you are required to submit form 45/FO/IS/44 to the relevant service Center. The respective application form 45/FO/IS/30 should be downloaded from the website. Sri Lanka Customs, No.40, Main Street, Colombo 11, 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. The relevant application form 45/FO/IS/35 could be downloaded from the Website. Enterprises Approved under Sec. Labour Standard and Employment Relation Manual. The BOI has two verification terminals to cater to the requirements of enterprises located outside the Export Processing Zones, namely CVT – Orugodawatta and ACTU – Katunayake. Processing and Approving Import / Export Documents, Issue of Certificates of Origin for Apparel and Textile products, Approval for Subcontracts, Transfers, Loans of raw material, Recommendations to the Controller General of Immigration & Emigration for issue of expatriate visas (Only for the Enterprises located in the Zones), The Colombo Office – Level 06, West Tower, World Trade Center, Echelon Square, Colombo 01, BOI – Investment approval letter (Original), List of items approved by the Investment Department to be imported by the enterprise, List of authorized signatories approved to sign import/export cusdecs (names, designations, NIC/Passport numbers and signatures of three personnel) – 02 originals certified by the Chairman / Managing Director of the enterprise, A certified copy of Form 48, Form 1 sent to the Registrar of Companies, A certified copy of Form 2A (Certificate of Incorporation). Sri Lanka deliveries in 3 to 5 business days Free and Fast Shipping for orders above $150.03 2) Monitor the Compliance of Labor Standards by BOI Enterprises, 4) Facilitate to maintain productive labor force. & Special On request, BOI may issue a letter of recommendation to Sri Lankan Embassies / High Commissions... Once an agreement is signed with the BOI, the BOI may facilitate the issuance of resident visas to relevant... Foreign Nationals who wish to travel to Sri Lanka for a short visit(such as business conferences, discussions, training... For assistance to use the Visa Recommendation System, please refer following. 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 which manufacture raw material, consumables, and accessories are permitted to sell their products to manufacturer of garments and other items for the purpose of manufacture and export of final product, in terms with the BOI agreement. Issuance of clarifications / opinions on IR related matters. Bank of Ireland is regulated by the Central Bank of Ireland. The respective application form 45/FO/IS/13 to be submitted to the relevant IS center for this purpose, could be downloaded from the website. Distribution of Labor Standard & Employment Relations Manual. The relevant application form 45/FO/IS/06 should be used to obtain approval for subcontracts of enterprises located in Export Processing Zones. Please contact Monitoring Department or Visa Unit of BOI for any further clarification. Foreign training). Environmental Norms Verifying the project status prior to granting special facilitates. Learn more. Export Cess should be paid for applicable items at the rates specific to the relevant HS code, specified under the customs tariff, BOI also permits temporary export of the following items. It is structured to function as a central facilitation point for investors, which is committed towards improving the country’s investment climate. The signing took place at a … Role of the Engineering Approvals Department is to provide location related services for Section 17 Projects. Organizing discussion / meeting / workshops for sharing the knowledge. Retail is another growing sector in Sri Lanka. Facilitate to resolve the industrial disputes speedily. Board of Investment of Sri Lanka 19.07.2019. BOI Enterprises are permitted to export their finished products on Duty Free basis, as approved by the agreement entered into with the BOI. Pasan Wanigasekara assumed duties yesterday as Director General of the Board of Investment of Sri Lanka. 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 … February 1, 2021 | Banking and Finance | Read More All enterprises located in the above Export Processing Zones can get their cargo verified at the respective zone in which the company is located. Most foreign citizens can now apply online for an ETA for Sri Lanka.. With an approved ETA, travellers can quickly obtain a Sri Lanka visa on arrival at the port of entry. Email : boc@boc.lk COC is a pre- requisite for commencing commercial operations. 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”. This office is also open 24 hours of the day and BOI enterprises can obtain services by making online payment of service charges and registration of the cargo. “BOI guidelines for factory building”, explains in detail, the submission requirements and other information, the investor need to know with this regard. Services provided by the Industrial Relations Department, Sale / Purchase of Items / machinery & Equipment's Imported on Duty Free Basis manufactured at the enterprise, Senior Deputy Director [Investor Services], Application - Building plan approval educational training institution, Application - Building plan approval factory building data, Application - Building plan approval farm buildings, Application - Building plan approval hospitals, Application - Building plan approval hotels, Application - Building plan approval office buidings, Application - Building plan approval office residential commercial buidings, Application - Import of construction material components on duty free basis, 02 copies of CUSDECs (Security copy & BOI copy), Advise investors with regard to legal aspects in granting approvals to investor companies in relation to matters such as investor company incorporation and connected documentation and company related corporate affairs, land matters impacting approvals, labor law related advice and advice on other connected applicable laws impacting BOI enterprises as well as in connection with foreign direct investments into Sri Lanka. The company should register import or export documents after payment of verification charges at the said verification unit and a verification officer will be assigned for verification of cargo at the factory. Senior Deputy Director (ZONE Management) Senior Deputy Director (INVESTOR Services) Assistant Director (INTERNAL Audit) Assistant Director (ENGINEERING Approva. Bank of Ceylon. 17 of BOI Law, Enterprises Approved under Sec. The two enterprises (the awarder and the subcontractor) should be solely responsible for the raw material taken for subcontracting & also for the finished items which should be returned to the awarder after finalizing the subcontract. This document is a Guide in respect of the Environmental Protection requirements and the Standards to be adhered by the Enterprises both within and outside the Export Processing Zones. Applications are invited for the following vacancies in the Board of Investment of Sri Lanka. Temporary export of Machinery and Equipment for repairs and return, Temporary export of items, for processing and return (Embroidery, Printing, ….etc), Re-export of excessive, rejected or defective raw meterials, Re-export of raw material & accessories when an order is transferred to another country. Sale is subject to payment of customs duty and other levies determined by Sri Lanka Customs. Establishing appropriate machinery for consultation and co-operation between elected representatives of workers and employers on matters of mutual concern. 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. 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. Board of Investment of Sri Lanka Organizing the program / workshop to educate the employees on positive thinking. Business meetings & negotiations Conferences, workshops & seminars Short-term training programmes Religious events Art, music and dance events Symposiums Short-term Business Visa (30 days) Business ETA facility is opened to potential applicants in … Export documents should be submitted electronically through ASYWORLD using the DTI (Direct Trader Input) facility. 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. BOI enterprises willing to avail themselves of the VAT concessions available under the Simplified VAT Scheme (SVAT), should register for the scheme monitored by the Inland Revenue Department.. July 26, 2019 (LBO) – Sri Lanka's Board of Investment has issued a directive to all Hub Operators prohibiting with immediate effect, importation of post-consumer materials and engaging in any resources recycling activities of any form. Apply Visa Online Compliances for processing Of Visa. The event is expected to attract investment interest from around the world, … Manual. Arrange signing of Agreements with BOI enterprises under Section 17 of the BOI Act. The Environment Department of BOI assists the project proponents in obtaining Environmental Clearance by providing the necessary guidance in case of Prescribed Projects. After registration with the IS Department you are also required to register with the ADP Unit of Sri Lanka Customs as per the FORM FOR THE REGISTRATION OF IMPORTERS & EXPORTERS IN TERMS OF SECTION 115 OF THE CUSTOMS ORDINANCE. Director (Human Resources), Board of Investment of Sri Lanka, 9th Floor, West Tower, World Trade Center, Echelon Square, Colombo 01, to reach on or before 04th August 2017. Established in 1978, under the name Greater Colombo Economic Commission, the Board of Investment of Sri Lanka is one of the foremost investment promotion agencies in South Asia. Establishment of Day Care Centers in EPZs for the children of EPZ employees. 17 of BOI Law Annual Fee ... 2015 Board of Investment of Sri Lanka. Search for: About Us. Name: Jagath De Silva: Designation: Senior Deputy Director: Office Tel +94 11 2543041: PABX: 7043: Mobile +94 77 3502928: E-Mail: jagathd@boi.lk 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. These facilities are provided by the Investor Services Department of the BOI. Tel : +94 11 2446790-811(22 lines) +94 11 2338741 / 55 Fax : +94 11 2321160. Retail. 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. Establishing grievance procedures for the examination of workers’ grievance. The Board of Investment of Sri Lanka, structured to function as the central facilitation point for investors, is also responsible for permitting Imports and Exports of projects under section 17 of the BOI law as well as providing other investor related services. Once registered with the Investor services Department, you are eligible to obtain services as per the agreement signed with the BOI. You are also requested to submit a CUSDEC prior to effecting the transfer. Affording protection to workers’ representatives and trade union officers against any act prejudicial to them, including dismissal based on their status or activities as workers’ representatives. 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. Why Sri Lanka. Required Documents : At the time of collection of CDs from the IT Department, the receipt obtained from the Finance Department should be produced. You are required to register as a declarant with Sri Lanka Customs if you propose to affect your own Imports/Exports without utilizing the services of a clearing agent using the URL below. The operations of all enterprises should be carried out ensuring conformity to the provisions of the National Environmental Act and its regulations. The Board of Investment of Sri Lanka (BOI) yesterday launched a web portal to streamline and fast track the investment approval process by interconnecting the first six line agencies under a single window virtual platform. / Industrial Safety and Health Services etc., Encourage to offer special career development program for the employees (Eg. Enterprises located close to KEPZ, BEPZ, Koggala EPZ, Kandy Industrial Park and MAS Fabric Part can also avail themselves of this facility. 16 projects), Certified copy of Articles of Association, Certified copy of Form 1 (Details of directors), Certified copy of Form 2A (Certificate of Incorporation). Encouraging to implement ILO Core Labor Standards. Eliminating harsh and inhuman treatment of workers. A list of activities which could be accommodated in respect of each EPZ has been prepared and could be made available on request. The Sri Lanka Tourism Development Authority (SLTDA) and Board of Investment (BOI) have signed a Memorandum of Understanding (MoU) to enhance cooperation between the two agencies. Enterprises Approved under Sec. Offering fair wages and benefits and conditions of employment to workers. Provide advice in relation to legal issues arising in connection with the investment Agreements and connected approvals. 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. The approval process includes a site inspection and a brief study about the environmental impacts on future project and vise versa. Providing advisory services on labor and industrial relations matters to employers and employees and promoting and facilitating effective prevention and settlement of Industrial Disputes. COVID-19: Shipments to Sri Lanka are being handled normally for DHL Express Shipping. All BOI enterprises are expected to observe the Industrial Relations principles and practices laid down in the Labor Standards and Employment Relations Manual, the provisions of the relevant labor laws and terms and conditions of employment less favorable than the basic standards set out in this Manual. Also you are required to open a prepaid account with the Investor Services Department of BOI, by you or your clearing agent (Declarant) for the purposes given below. 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. Sri Lanka’s Foreign Direct Investment grew over $1710 billion in 2017, which also includes foreign loans received by the companies that are registered with the “Board of Investment”. As an investor, undoubtedly you will be interested in finding out the procedure pertaining to investor related activities handled by this Department. Investigation into complaint / grievances of employees. No 1, BOC Square, Bank of Ceylon Mawatha, Colombo 01,Sri Lanka. Non-Boi enterprise on loan basis 45/FO/IS/31 could be obtained from the website other applicable/relevant Agreements where required (! And operate the employees ( eg facilitation Center Online payment Platform of LankaClear Standard and Relation. Undoubtedly you will be interested in finding out the procedure pertaining to Investor related activities handled by Department. Visa unit of BOI electronically through ASYWORLD using the DTI ( Direct Trader Input facility. Lines ) +94 11 2446790-811 ( 22 lines ) +94 11 2338741 / 55:. Invited for the final inspection Fee... 2015 Board of Investment of Sri Lanka customs Free. Are required to maintain productive labor force and operate the employees ( eg in employment occupation. 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