-- Total foreign ownership across almost all areas of the economy;
-- A constitutional guarantee on the safety of foreign investment;
-- Investment laws which are transparent and automatic;
-- A sophisticated legal and regulatory frame work covering areas such as intellectual property, settlement of disputes, etc;
-- Generous fiscal incentives and concessions.
An open economic system permitting free transfer of fees, profits capital earnings and foreign exchange transactions on current account payments.
Double Taxation Relief Agreements with 29 countries and Investment Protection Agreements with 23 countries.
Investors can also enjoy many other benefits in this beautiful investor-friendly environment - strategic location on the major trade route between the East and West, multiple-operator telecommunication services, modern container facilities at South Asia's No 1 hub-port, stable power supplies, an excellent quality of life and a young, educated and energetic workforce.
The Role of the Board of Investment (BOI)
The BOI is structured to function as a central facilitation point for investors, providing advice and assistance at every stage of the investment process. It is the only organisation an investor needs to contract.
THE BOI HELPS YOU IN THE FOLLOWING WAYS:
Providing information and guidance before submission of your project application and co-ordinating approval from other agencies, if required.
Evaluating applications and providing concessions, where applicable, to your project.
Providing assistance during the start-up of your project: site selection and clearance, advice on factory building and other technical matters, arranging support services such as water, power, water treatment and telecommunications.
Making recommendations to Immigration Authorities for issuing resident visas.
Facilitating import/export clearance and customs procedure for import of capital goods, raw materials and the export of the final product.
Advising you on the environmental norms and facilitating environmental approvals.
Assistance when necessary in the maintenance of good industrial relations and in the formation and operation of employee Councils.
INVESTMENT OPPORTUNITIES:
Investment is welcomed in virtually all sectors of the economy in order to expand, diversify and upgrade the industrial and export base of the country. BOI has however identified priority sectors for investment.
The sectors identified to qualify for incentives under the BOI Law and are listed below:
-- Thrust Industries*
-- Textiles
-- Software
-- Gems and Jewellery
-- Agriculture, Dairy and Livestock Development;
Trading Houses;
-- Regional Operating Headquarters;
-- Tourism Recreation and Leisure Projects;
-- Housing;
-- Two-tier Hospitals;
-- Infrastructure Development Training Facilities.
Electronics & components for electronic Assembly, Ceramic Glassware and Mineral based Products, Rubber based Industries, Light and Heavy Engineering Manufacturing and Service Industry of a Pioneering nature).