The Board of Investment of Sri Lanka (BOI) was established in 1978 as the Greater Colombo Economic Commission (GCEC), with the mandate to generate development in the surrounding vicinity of the Colombo city limits. Later in 1992, the GCEC was reconstituted as the BOI with a mandate encompassing the entire country. Today, in our 40th year of operations, the BOI is proud to have assisted over 1,700 enterprises which have contributed to Sri Lanka’s economic development and growth.
The BOI is structured to function as a central facilitation point for investors, offering convenience, easy access and information. When an investor signs an agreement with the BOI, the provisions embodied in this agreement remain valid for the lifespan of the enterprise which is guaranteed by the constitution of Sri Lanka. This is a significant plus point for working with the BOI as we are able to ensure a degree of stability that few other countries can offer or match.
The Board of Directors of the BOI are a group of diverse professionals drawn from private and public sectors. Together with a management team who are also distinguished in their fields of expertise, the BOI is committed towards the continuous improvement of the country’s investment climate.
The facts speak for themselves… Today, over 470,000 people are employed by BOI enterprises with nearly 65% of Sri Lanka’s exports being made through such organisations. We consider ourselves a change agent like no other, with a significant presence which allows us to push for and succeed in transforming social, economic and business environs of Sri Lanka.
"To make Sri Lanka the most preferred destination for sustainable investment in Asia".
"Attract and secure sustainable investments for optimum utilization of resources and talents, through vigorous promotion and excellent investor facilitation whilst preserving harmony with the natural environment as a significant contributor in the development of the national economy".
Key Objectives of the BOI
- Widen and strengthen the base of the economy
- Encourage and promote investment, specifically Foreign Direct Investment (FDI)
- Promote interdisciplinary interaction and collaboration
- Help existing enterprises in dealing with macro socio economic challenges and help in their transformation
- Diversify the sources of foreign exchange earnings and increase export earnings
- Promote innovation and adoption of new technologies and generate new employment
- Establish Investment Promotion Zones (IPZs) throughout the country especially through public and private partnership
- Promote Sri Lanka as a Trading Hub