buying property

Sri Lanka has reintroduced the Investor Visa program, allowing foreigners to gain long-term residency by investing in condominium units. Starting June 1, 2024, non-Sri Lankans can apply online, making it easier than ever to invest in the island’s real estate market. What is the Investor Visa Program? The Investor Visa enables foreigners to reside in Sri Lanka for extended periods by purchasing...

The Colombo Port City in Sri Lanka is creating a stir in the world of business and investment. With the recent approval of an innovative incentive program by the Sri Lankan Parliament, this aspiring development project is set to attract businesses of all sizes and sectors. Are you an investor looking for a strategic opportunity? If so, Colombo Port City should be at the top of your list. This blog breaks...

Foreigners and expats can invest in real estate in Sri Lanka under specific regulations. This guide explains all available pathways, legal requirements, tax structures, visa eligibility, and investment rules for property acquisition and leasing. 1. Can Foreigners Buy Property in Sri Lanka? Foreigners can legally purchase: Apartments / Condominiums (any floor above ground level)...

With the recent changes in the law welcoming expat Sri Lankans to purchase property in the country, LankaPropertyWeb interviewed Attorney at Law Saminda Jayasekara regarding the feasibility of this option and the barriers to overcome in the process. As a local, there are no restrictions on purchasing property in the country. Whether it is owning a land, apartment or investing in a commercial property,...