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Sri Lanka is an island in the Indian Ocean roughly 64,630 sq
km in size, slightly smaller than Ireland between the parallels
of 5 and 10 degrees north latitude. Just 22 km South of India
and separated by the Palk Straits. The present conflict is confined
to the north and North East of the of the county. The rest of
the Island is politically stable with a democratically elected
government comprising all communities including the Tamils, the
largest minority and the Muslims the second largest minority.
Other minorities too are represented through elected representatives
in the Parliament.
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Apart from the North and the North-East, the rest of the country
offers a stable environment for local and direct foreign investments
in various projects.
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The potential that Sri Lanka offers to the investor is proof
through the various foreign direct investments (sole and joint
venture basis) into the country since 1983.
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All foreign investments approved by the Board of Investment
of Sri Lanka are also protected by the Constitution of Sri Lanka.
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The economy has maintained steady average growth of 6 % per
annum despite the present conflict. With the Governments commitment
to politically resolve the issue, the potential for the country
to take off as a whole remains high.
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Foreigners under foreign may be permitted to live in Sri lanka
under the foreign guest scheme, subject to the regulations of
the Department of Immigration.
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Most foreigners can visit Sri Lanka without restrictions. Citizens
of some countries are granted visas of up to one month on arrival.
Please check with the nearest Sri Lanka diplomatic representative
nearest you. Stays longer than one month are granted up to one
year on the payment of an annual fee which is approximately US
$. 50.
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The country is blessed with thick dense forests, rivers and
water falls in addition to beaches all round. Climate ranges between
30 degrees in the lowland to as cool as 3 degrees celsius in the
hilly country where the mountains rise to over 8200 feet. Rich
in a diverse multi ethnic and religious mix that recorded history
dates back to 2600 years.
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Excellent facilities for golf, cricket, tennis, snorkeling,
wind surfing, hiking, biking, white water rafting, rugby, wild
life safaris, gourmet delights and much more with excellent hotels
and rest houses and a mix of Sri Lankan homes to stay in.
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Get info on the value of projects on a selected basis from the
BOI sector and US$ investment value wise.
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Many new high rise apartment complexes are capturing the Colombo
sky line. The concept of Villas in a secure and managed environment
also dominates the real estate sector. Investors include Sri Lankans,
Expatriate Sri Lankans, and Foreigners. The developers include
a healthy mix between local and foreign.
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Living in Sri Lanka by western standards is cheap.
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Excellent educational facilities are available with International
schools and foreign universities offering degree programs either
onsite or online through accredited teaching institutions.
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Sri Lanka is an emerging market and has been a vibrant and challenging
investment opportunity. The Country also permits both locals and
foreigners to invest and trade on the Colombo Stock Exchange,
considered to be one of Asia’s best performing markets,
with many foreign fund managers coming in as major players.
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Please feel free to direct your queries to us and we will endeavor
to give the best information.