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Investor's Guide
 

Registration/Approval for Foreign Loan, Suppliers' Credit, PAYE Scheme etc.:

Entrepreneurs in the private industrial sector arranging foreign credit in the form of loan, suppliers' credit, PAYE scheme etc. falling within the following guide-lines are not required to obtain prior approval from BOI for contraction such credit:

  • The effective rate of interest should not exceed LIBOR+4% (effective interest is the sum of the stated annual rate of interest and the annualized fees such as commitment fee, syndication fee, front-end fee, project appraisal fee etc.)

  • The down payment, if any, in case of suppliers' credit should not exceed 10% of the credit amount.

  • Repayment period should not be less than 7 years.

A copy of the foreign loan agreement signed by both parties should be submitted to BOI for registration.Period approval of BOI us required for the proposals which do not fall within the aforesaid guide-lines.
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