Procedure For Investment

The first step is to apply for an Investment Certificate by submitting a project proposal to the BOI.

Upon approval of the project, a letter of intent is issued by BOI.

The Investment Certificate is then delivered when the conditions stated in the letter of intent are fulfilled.

The BOI provides a One-Stop-Shop service to facilitate the obtention of relevent permits and clearances.

Submission of project

An application for an Investment Certificate needs to be made to the BOI on the prescribed application form. Download application form

A detailed business plan of the project has to be submitted along with the application form.

For speedy processing of the application, an executive summary of the business plan may be additionally submitted. Download template of Executive Summary.


This business plan should include the following information:

• Business experience of promoters
• Description of project
• Production process and techniques (where applicable)
• Equipment and raw materials to be used
• Indication of markets
• Full details regarding number of jobs to be created, including positions to be occupied by expatriate workers
• Proposed financial structure
• Financial forecasts over a three-year period

Project Appraisal & Approval

A project is appraised and approved on the following criteria:

• Activity (whether it falls within the existing legal framework and the qualifying activities)
• Promoter’s credentials
• Job creation
• Proposed investment
• Financial structure
• Target markets
• Viability of the project
  

Issue of Letter of Intent

Once a project has been approved, a conditional offer in the form of a Letter of Intent is issued by the BOI

Issue of Investment Certificate

An Investment Certificate will be issued by BOI, once the documents and information requested in the Letter of Intent have been submitted.