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A Citizen or Not: The Process and Concerns of Buying Property in Sri Lanka as an Expat - Adaderana Biz English


A Citizen or Not: The Process and Concerns of Buying Property in Sri Lanka as an Expat
May, 6, 2021
 
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, you have the liberty to select among a range of options available in the market.
However, as a foreigner, there are certain restrictions. While the option of purchasing a residential or commercial condominium property is available, with lands they can only be leased out for a period of 99 years. ....

Sri Lanka , Sri Lankans , Sri Lankan , Saminda Jayasekara , Law Saminda Jayasekara , Restrictions On Alienation , Companies Act , Apartment Ownership Law , Inward Investment , Inward Investment Account , Original Power , ஸ்ரீ லங்கா , ஸ்ரீ லங்கன் , நிறுவனங்கள் நாடகம் , அடுக்குமாடி இல்லங்கள் ஓநர்‌ஶிப் சட்டம் , உள்நோக்கி முதலீடு , உள்நோக்கி முதலீடு எண்ணுதல் , ஒரிஜிநல் பவர் ,

Citizen or Not: Process and concerns of buying property in Sri Lanka as an expat


By Lanka Property Web
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, you have the liberty
to select among a range of options available in the market.
However, as a
foreigner, there are certain restrictions. While the option of purchasing a
residential or commercial condominium property is available, with lands they ....

Sri Lanka , Sri Lankans , Sri Lankan , Saminda Jayasekara , Lanka Property Web , Law Saminda Jayasekara , Restrictions On Alienation , Companies Act , Apartment Ownership Law , Inward Investment , Inward Investment Account , Original Power , Sri Lanka Business News , Ri Lanka Finance News , Anka Business Online , ஸ்ரீ லங்கா , ஸ்ரீ லங்கன் , லங்கா ப்ராபர்டீ வலை , நிறுவனங்கள் நாடகம் , அடுக்குமாடி இல்லங்கள் ஓநர்‌ஶிப் சட்டம் , உள்நோக்கி முதலீடு , உள்நோக்கி முதலீடு எண்ணுதல் , ஒரிஜிநல் பவர் , ஸ்ரீ லங்கா வணிக செய்தி ,