I'm so sorry I missed your premiere. I had to pick up my daughter from school! Great topic and well executed! I'll use this idea for my channel for sure. Today I'm trying some similar type of content - so how to move to Mallorca (visas). Let's see. Thanks so much for posting this!
No problem. Thank you for watching 😊 Definitely, I think this is relevant question for many different locations in the world. . People go on holiday, and start dreaming of living there.... So go ahead, make a similar one 👍. Probably the process is a bit smoother in Mallorca ?
Very informative video Thank you! I want to buy a property for my brother who has Down syndrome. He has Srilankan Citizenship I don't. Will there be a problem because of his condition?
You need to apply for a business visa and have that renewed every year. So it does not happen automatically. I will make a video about visas later. Thank you for commenting :)
I am a srilankan origin but I dont have srilankan citizenship I am living in france can I buy a house for unlimited period in sri lanka ? I saw in internet if I want to do like that I should pay a lot of taxes right??
@@bryanthevarajah5544 Je suis aussi français et j'ai acheter un terrain il y a 12 ans et mon investissement a été bénéfique car mon bien est à présent de 20m de rupees est ce que cela a marcher pour vous ?
@@adilrana6362 Thank you for watching and commenting. There are no problem to rent out houses in Sri Lanka, and if it close to beach /tourist areas the chance is you can make a really good profit of this in short times. If you mean Apartment/Condo: you need to check if there are any specific rules about this in the apartment block - rules may vary. Hope this is helpful 😊
Thank you for watching 😊 Apartments are the easiest to purchase for foreigners - prices vary so much. If you are interested, you should contact my friend, Alex in the video ... He can help you with the best advices, and is the best in this field. .
Thank you so much for making mw aware that I did not update the description on this video and remove the link to the old web page. I will change it right now. Please contact Alex through this web page: alex@remaxsouth.lk
EXACTLY, but it's funny that almost all lawyers and brokers in Colombo are advising me to setup a company with minority ownership JUST BECAUSE other foreigners are doing so, telling me it's perfectly legal and safe(through agreements)...WHEN IT IS NOT!!! Because there is a very valid argument to say that at the end the foreigner has control over the decisions of the srilankan stakeholder, which implies that it is foreign controlled (although masked through corporate schemes). For many reasons I have abandoned the idea of setting up a company: it costs time and money(makes lawyers happy) and srilankan laws change often, so one day you could come up with a nasty surprise or situation where u owe huge liabilities. The company-structure thing is ripe with potential counterparty risks. The only true and only way for a foreigner to get a property is through a 99-year lease. If done correctly, it gives you the possibility to extend the lease indefinitely in time(although you should negotiate with the owner), but also gives you the possibility to sell the lease rights to any third-person. And also you pay only 1 % duty and it's all done and written in your name and the leasehold contract is registered at the Land Registry, so it's perfectly safe AS LONG AS YOU PROPERLY WRITE THE LEASEHOLD CONTRACT. Brokers and lawyers are not advising the leasehold contract, because they don't have much money to make out of it, or simply because of ignorance and in replicating what others do, but from a purely legal standpoint, the company scheme purchase is NOT SAFE.
Agree on the fact that it is very complicated... 👍If (foreigner) friends ask for my suggestions, number 1 advice is to never invest money you can´t afford to loose...
Agree on the fact that it is very complicated... 👍If (foreigner) friends ask for my suggestions, number 1 advice is to never invest money you can´t afford to loose...
Why face so much hassle & spend 100 times more even more to buy property in another country? Even after buying the owner doesn't get a true ownership. Even after spending a fortune you will never become a citizen & you are different from other people around. People always look at you in a different way. And the climate is not favorable unless you are darker complexion person. I think it's a waste. Better to think twice before making such a downturn investment.
Sri Lanka is not for everyone taste - however I know many foreigners that are very happy with their life here. Some live all year, some people stay only half the years (escaping the harsh European winters). Agree on parts: Definitely think twice - consider all factors before making a large investment. I highly recomend also trying to live here a year or more (by renting) first - to see if Sri Lanka is something for you. Visiting as a tourist and living her is very different indeed 😊
@SriLankaTravelatease yes definitely. It's not like New York, London, or LA etc. Not much multicultural either. Could make you happy during short visit, but longterm stay not a good idea. Better give it a trail anyway.
If the property is owned by this company that is 49% foreigner, 51% sri lanka, does that mean that the property also belongs for 51% to this local sri lankan guy? And one day he can just take over the house??
Our hotel is in Hikkaduwa. 902 Galle Road. If you are looking for advice on buying property: contact Remax as mentioned in this video, their office is in Unawatuna.
As much as I do respect your opinion, and your right to be protective of your country. - I also think that Sri Lanka actually need investment from the outside. But hopefully in a sustainable way, and a way that will not push locals out from the market. The rules are quite strict for buying property in Sri Lanka - and that is good👍
Thanks for making this video.i hope all tourists get some important attention to buying properties in srilanka..keep it up.👌❤❤
Thank you for your kind feedback ! I think so many people dreaming of living in Sri Lanka right now.
Contact with us .Remax southern properties.. email... info@remaxsouth.lk
I'm so sorry I missed your premiere. I had to pick up my daughter from school! Great topic and well executed! I'll use this idea for my channel for sure. Today I'm trying some similar type of content - so how to move to Mallorca (visas). Let's see. Thanks so much for posting this!
No problem. Thank you for watching 😊 Definitely, I think this is relevant question for many different locations in the world. . People go on holiday, and start dreaming of living there.... So go ahead, make a similar one 👍. Probably the process is a bit smoother in Mallorca ?
Contact with us .Remax southern properties.. email... info@remaxsouth.lk
Very useful video. I have been looking for this information. Thank you.
Thank you for your feedback. So happy to hear that you find my videos useful 🧡
Contact with us .Remax southern properties.. email... info@remaxsouth.lk
At this very moment, do you think is still a good idea to purchase RE in Sri Lanka and if so how can I reach out to you? Thanks
Probably better rates (in USD) at the moment, due to the financial situation. You can contact Alex in Remax: alex@remaxsouth.lk
I am buying a property ,could you do the necessary paperworks,let me know thanks.
Hello Samuel. Please contact Alex in this video: alex@remaxsouth.lk
How is the home sales with the sri lanka money that has no value? What is the real currency exchange between the dollar and rupee?
Recomend to as Remax/ Alex aout more details about the home sales industry. Thank you :)
Very informative video Thank you! I want to buy a property for my brother who has Down syndrome. He has Srilankan Citizenship I don't. Will there be a problem because of his condition?
Thank you for watching and liking the video 😊 Sorry I can not help you with this. Better you check with a lawyer here in Sri Lanka.
So when you establish a business you can stay in sri lanka so long as the business exist ?
You need to apply for a business visa and have that renewed every year. So it does not happen automatically. I will make a video about visas later. Thank you for commenting :)
Contact with us .Remax southern properties.. email... info@remaxsouth.lk
Useful information. Thanks
You are welcome :)
I am a srilankan origin but I dont have srilankan citizenship I am living in france can I buy a house for unlimited period in sri lanka ? I saw in internet if I want to do like that I should pay a lot of taxes right??
Thank you for commenting. Your best option would be to start a company with local partner, I think. Then you can do as Alex describes in the video.
@@SriLankaTravelatease dont worry I have already a plan all the best for future bye!!
Contact with us .Remax southern properties.. email... info@remaxsouth.lk
@@bryanthevarajah5544 Je suis aussi français et j'ai acheter un terrain il y a 12 ans et mon investissement a été bénéfique car mon bien est à présent de 20m de rupees est ce que cela a marcher pour vous ?
@@bryanthevarajah5544 This is so rude. You just ask the question and leave saying you have a plan. However all the best.
I like to buy an apartment in kandy...how many rooms maximum..whats the price range
Please contact Mr Alex mentioned in the video description. Maybe he can help you?
@@SriLankaTravelatease pls put correct email address! The one you put is wrong. Thanks
@@anuzaseidl9473 No, it is: alex@remaxsouth.lk
So a foreigner can but a apartment or condo without having company or having dual citizenship?
Yes. Apartments are easier. You can buy it directly on your name as a foreigner.
Satisfied but tell me 1 thing ...can we give it on rent ...and what will be the return on investment .
@@adilrana6362 Thank you for watching and commenting. There are no problem to rent out houses in Sri Lanka, and if it close to beach /tourist areas the chance is you can make a really good profit of this in short times. If you mean Apartment/Condo: you need to check if there are any specific rules about this in the apartment block - rules may vary. Hope this is helpful 😊
Contact with us .Remax southern properties.. email... info@remaxsouth.lk
interesting video so thank you
Thank you Alex -- Glad you liked it😊
Can indian citizens purchase purchase in Srilanka?
Yes, as far as I know? Just follow the instructions given in this video :)
yes exactly
I have one property
How i contact your company?
travel@ateasehotel.com
Nice job
Thank you. Appreciate the support 😊🙏
What the app cost of an apartment at good location some 2/3 BHK
Thank you for watching 😊 Apartments are the easiest to purchase for foreigners - prices vary so much. If you are interested, you should contact my friend, Alex in the video ... He can help you with the best advices, and is the best in this field. .
@@SriLankaTravelatease his mail id
Cntct no
What's ur location
What may be the cost of 2bhk at ur location approximately
You can send me a mail to: travel@ateasehotel.com 😊 I am in Hikkaduwa
I am looking for foreign for rent my hotel weligama pristine bech close to Marriot
Why do you want a FOREIGN to rent your hotel ?
Hello i interessed !
Good
Thank you 🧡
Contact with us .Remax southern properties.. email... info@remaxsouth.lk
Who want buy house in sri Lanka, bandarawela
Not me 😉
Your site seams to be hacked. Can you share the contact of Alex? Tx
Thank you so much for making mw aware that I did not update the description on this video and remove the link to the old web page. I will change it right now. Please contact Alex through this web page:
alex@remaxsouth.lk
foreigners cannot buy land in sri lanka no no dont get caught it is very complicated the government keep changing the laws
EXACTLY, but it's funny that almost all lawyers and brokers in Colombo are advising me to setup a company with minority ownership JUST BECAUSE other foreigners are doing so, telling me it's perfectly legal and safe(through agreements)...WHEN IT IS NOT!!! Because there is a very valid argument to say that at the end the foreigner has control over the decisions of the srilankan stakeholder, which implies that it is foreign controlled (although masked through corporate schemes).
For many reasons I have abandoned the idea of setting up a company: it costs time and money(makes lawyers happy) and srilankan laws change often, so one day you could come up with a nasty surprise or situation where u owe huge liabilities. The company-structure thing is ripe with potential counterparty risks.
The only true and only way for a foreigner to get a property is through a 99-year lease. If done correctly, it gives you the possibility to extend the lease indefinitely in time(although you should negotiate with the owner), but also gives you the possibility to sell the lease rights to any third-person. And also you pay only 1 % duty and it's all done and written in your name and the leasehold contract is registered at the Land Registry, so it's perfectly safe AS LONG AS YOU PROPERLY WRITE THE LEASEHOLD CONTRACT.
Brokers and lawyers are not advising the leasehold contract, because they don't have much money to make out of it, or simply because of ignorance and in replicating what others do, but from a purely legal standpoint, the company scheme purchase is NOT SAFE.
Agree on the fact that it is very complicated... 👍If (foreigner) friends ask for my suggestions, number 1 advice is to never invest money you can´t afford to loose...
Agree on the fact that it is very complicated... 👍If (foreigner) friends ask for my suggestions, number 1 advice is to never invest money you can´t afford to loose...
Why face so much hassle & spend 100 times more even more to buy property in another country? Even after buying the owner doesn't get a true ownership. Even after spending a fortune you will never become a citizen & you are different from other people around. People always look at you in a different way. And the climate is not favorable unless you are darker complexion person. I think it's a waste. Better to think twice before making such a downturn investment.
Sri Lanka is not for everyone taste - however I know many foreigners that are very happy with their life here. Some live all year, some people stay only half the years (escaping the harsh European winters). Agree on parts: Definitely think twice - consider all factors before making a large investment. I highly recomend also trying to live here a year or more (by renting) first - to see if Sri Lanka is something for you. Visiting as a tourist and living her is very different indeed 😊
@SriLankaTravelatease yes definitely. It's not like New York, London, or LA etc. Not much multicultural either. Could make you happy during short visit, but longterm stay not a good idea. Better give it a trail anyway.
If the property is owned by this company that is 49% foreigner, 51% sri lanka, does that mean that the property also belongs for 51% to this local sri lankan guy? And one day he can just take over the house??
If you follow the exact procedure explained, that can not happen. Please contact Mr Alex, he can help you 😊👍
no no land for foreigners you cannot buy only 99 year lease
That is not the case, however just the way Alex is describing in the video, with setting up company. Thank you for watching 😊
Whats your address in srilanka i wl fly over on nov/dec
Our hotel is in Hikkaduwa. 902 Galle Road. If you are looking for advice on buying property: contact Remax as mentioned in this video, their office is in Unawatuna.
I am looking for foreigners, to give my house on rent for long term.
Why only foreigners?
hello i m looking for a house. Let me know if it's still the case :)
@@michaelchatelain4997 yes, after 26th property is available
I looking to sell my land
Contact Alex at Remax for great help and service --- Recommended👍 😊
I have land
ok....
Hallo
Hallo :)
No land for foreinger in Sri Lanka, come for a Holiday and go back!!! Thx 🙏🏽
As much as I do respect your opinion, and your right to be protective of your country. - I also think that Sri Lanka actually need investment from the outside. But hopefully in a sustainable way, and a way that will not push locals out from the market. The rules are quite strict for buying property in Sri Lanka - and that is good👍
I want to invest in land or home stay in Sri Lanka how can I contact you
I am not into the investment field. This video is just ment for information. You can contact Mr Alex mentioned in this video - he is a professional 👍