BOI to Launch Online Application Process for Investors by June 2025

BOI Director General Renuka M. Weerakone announced that the Board is currently working on automating the application process. The goal is to enhance transparency and efficiency, enabling investors to track the progress of their applications in real-time.

“We have commenced work on automating the BOI application process and expect to have it completed by mid-year. Initially, we will automate internal processes within the BOI, allowing applicants to track the status of their applications as they move through departments such as the Environment and Engineering divisions,” Weerakone explained.

In the second phase of the initiative, the BOI plans to expand the platform to include other government agencies, providing a comprehensive system where investors can monitor the approval processes from multiple authorities. However, Weerakone cautioned that while Phase 1 is expected to launch by June, the timeline for Phase 2 is less certain due to the need for coordination among various government bodies.

Despite the challenges, the BOI remains optimistic that Phase 2 will be completed by the end of the year. The automation of the application process is expected to significantly improve the ease of doing business in Sri Lanka, positioning the country as an attractive destination for foreign investment.