A High-Growth Tourism Sector
A RAPIDLY GROWING ECONOMY
RED TAPE FREE BUYING PROCESS
When it comes to investing in real estate in Sri Lanka the process is relatively ‘red tape’ free. In fact, foreigners do not need any government approvals, as long as the property you wish to buy is above the fourth floor.
Foreigners cannot purchase properties below level 4 in Sri Lanka. We have the one and only beachfront property for sale above level 4. As such we have the one and only property on the beach that foreigners can buy.
Attractively, there is no capital gains tax on the proceeds from the sale of your property (though we can’t imagine you ever wishing to do so). Also, the process to repatriate your capital or capital gains is relatively simple.