What are the rules and regulations for buying a property in Sri Lanka for foreigners and expats?

Under the current law, a foreigner can get in to the property market using the following options:

  • By leasing the property (99 year lease)
  • By inheriting
  • By a gift from parents
  • Part of a private company with a local shareholding of 50% or above
  • Part of a public (listed) company (these have no restrictions on foreign shareholding)
  • Buy an apartment / condominium (any floor)
  • By obtaining Dual Citizenship

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