The country’s expansive beaches, lush green hills, world heritage rainforests and bustling cities make Sri Lanka an eclectic experience for all.
Formerly known as Ceylon, Sri Lanka often referred to as the ‘pearl of the Indian ocean’, is claimed by both locals and expats alike as a truly beautiful place to live and work. A country of many facets, Sri Lanka offers a spectrum of experiences, cultures and places for those who enjoy diversity and variety.
Today, Sri Lanka is ranked as the most liberalized economy in South Asia. Investors are provided with preferential tax rates, constitutional guarantees on investment agreements, exemptions from exchange control and 100% repatriation of profits.
Sri Lanka also offers private hospitalization and healthcare with state-of-the-art facilities. A free pre-hospital care ambulance service is also available covering Western and Southern Provinces of the country. In addition, Sri Lanka is also well placed in terms of international travel with reputed international airlines operating flights to and from the country daily.
How to purchase a property
as a foreign investor
1. Open an Inward Investment Account (IIA), a special account designated for eligible investors resident in or outside Sri Lanka to route funds to invest in the permitted investments. (maybe maintained in Sri Lanka rupees or in any designated foreign currency and jointly by eligible investors).
2. Transfer funds into the IIA
3. Sign a Letter of Offer
4. Make an initial deposit of US$5,000
5. Staged Payments thereafter till completion
All the most important Sri Lankan Banks are contactable via their websites, or we are happy to recommend local banks with whom we have excellent relationships such as Sampath or Bank of Ceylon. If you have any questions or would like assistance please get in touch, we are happy to help.