BOI overhaul puts investor approvals online, transparent and real-time

Sri Lanka yesterday saw the launch of a fully digital investment platform as part of a major push to cut red tape and transform the Board of Investment (BOI) into a genuine one-stop shop for the investors.

- By NISHEL FERNANDO AND RUKAIYA RIZA

Unveiling ‘BOI Gateway’, Treasury Secretary Dr. Harshana Suriyapperuma said the system directly addresses the need for more efficient investor interaction, which he identified as a critical factor in attracting capital beyond tax advantages.

The platform allows the investors to track their applications in real time, view the next steps, identify the officials handling their files and communicate directly with the BOI.

“Instead of sending several emails or writing multiple times, we are showing the cutting-edge position that we have achieved,” Dr. Suriyapperuma said.