OYSTON (PVT) LTD
Company Secretaries, Business & Tax Advisors and Accountants
The approval shall be obtained from the BOI under two categories.
• Projects operating under Sec.17 of the BOI Law
Projects falling under Section 17 that invest at least US$3 million or more can receive special benefits like increased capital allowances under the Inland Revenue Act No. 24 of 2017. Additionally, projects with investments exceeding USD 50 million will be exempted from PAL and CESS during the project implementation period.
These investments can be either entirely foreign or joint ventures involving local partnerships. Foreign investments need to be made through funds transferred via an Inward Investment Account (IIA).
• Projects operating under Sec.16 of the BOI Law (under Normal Law of the Country)
Projects approved under Section 16 of the BOI Law allow for foreign investment without receiving any special tax benefits. These projects must comply with the regular laws of the country, and the BOI assists these companies in the following ways:
- Facilitating the entry of foreign investment.
- Establishing a new company with foreign ownership.
- Transferring or issuing new shares to foreign investors in an existing non-BOI company.
- Providing visa recommendations.
The minimum investment requirement for projects under Section 16 is US$250,000. These investments can be either 100% foreign or joint ventures with local collaboration. Foreign investments must be made using funds transferred through an Inward Investment Account (IIA).
If you need any assistance for obtaining BOI approval, please contact us.
In addition to the above service, the following professional services are also provided.
Our Other Services
• Company Secretarial Services
• Accounting Services
• Audits (It will be done through our affiliate Companies)
• Registration of EPF & ETF
• Monthly payroll handling
• Obtaining approval from the Board of Investment of Sri Lanka
• Registering with the Sri Lanka Tourist Board
• Registering with the Sri Lanka Export Development Board
• Registering with Sri Lanka Customs
• Preparation of project reports for Government lease land, Bank loan, and BOI approvals
• Preparation of Business Plans
• Registration of NGOs
• Registration of trademarks
• Xero Accounting software training and Workshops
• Xero Accounting Software implementation and migration
• HRIS payroll system implementation and migration
• HR Consultation
About us
• Company Name: OYSTON (PVT) LTD
• Address: Level 35, West Tower, World Trade Center, Colombo - 01, Sri Lanka.
• Year of Incorporation: In year 2019
• Registered as Company Secretary: Since 2019
• Advertising partner: http://www.oyston.lk
• Services provide: Company Secretarial, Accounting, Tax and Business advisory services
• Core Values: Offering high-quality services, tailoring services to meet your needs and creating a positive customer experience.
• Service Area: Island wide
• Method of Providing Services: Online
