Home » BOI Customs Declarations system facilitates investors’ streamlining procedures

BOI Customs Declarations system facilitates investors’ streamlining procedures

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By: Staff Writer Colombo (LNW): The Board of Investment (BOI) yesterday said its Customs Declarations (CUSDECS) system is a major breakthrough to simplify and streamline the procedures for investors, according to BOI sources. The sole objective of this system is to provide a speedy service to BOI’s valued enterprises through processes that have been simplified and streamlined to improve business conditions in the country. The system is launched already, where the final sector of construction approval is also intact, making the total six sections of CUSDEC online now. The system is open to both local and foreign enterprises who aspire to embark on an investment journey with the BOI. The BOI is of the view that the new system has the potential to increase the effectiveness of doing business while identifying new investors and providing value through digital service delivery and signalling to the world that BOI is ready to digitally enable investors with the highest standard in the world. As the apex organisation for investment promotion, BOI remains the advisor, guide, and facilitator to every investor looking to make a home in Sri Lanka. The Board of Investment (BOI) yesterday said its Customs Declarations (CUSDECS) system is a major breakthrough to simplify and streamline the procedures for investors. The sole objective of this system is to provide a speedy service to BOI’s valued enterprises through processes that have been simplified and streamlined to improve business conditions in the country. The system is launched already, where the final sector of construction approval is also intact, making the total six sections of CUSDEC online now. The system is open to both local and foreign enterprises who aspire to embark on an investment journey with the BOI. The BOI is of the view that the new system has the potential to increase the effectiveness of doing business while identifying new investors and providing value through digital service delivery and signalling to the world that BOI is ready to digitally enable investors with the highest standard in the world. As the apex organisation for investment promotion, BOI remains the advisor, guide, and facilitator to every investor looking to make a home in Sri Lanka. “BOI is the first point of contact for global and local companies whom we handhold from the day they start exploring Sri Lanka as an investment destination. Therefore, it makes every move in the interest of efficiency so that those who interact with the BOI can do business with ease,” a statement issued by the BOI noted. It added that the BOI embarked on its digital transformation amidst the pandemic and the solution for less human contact aims at a paperless documentation platform, where any enterprise registered under the BOI can submit relevant documents electronically without visiting the BOI office physically.
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