Chathura J Bandara
@cbanda
Sri lankan citizen
Forum posts
16
About me
Sri lankan
Lives in Colombo
Speaks Sinhala, English
Registration: 17 April 2012
Activity
Buying property in Sri Lanka by Christine
Hi, can a foreigner buy property in Sri Lanka? If so, is it complicated? What is the process of purchasing a property in Sri Lanka? Any tips for buying property, such as a check-list of items to verify ? Thanks in advance for ...
If you want to buy a property under a company name, then the minimum investment criterion comes in too. These rules are strict. If you can afford the minimum investment criterion, why do you want to go for local business partner. As of now, ... Read More
Searching for a Business Partner :) by cbanda
I am searching for a business partner (Locals or Expats) to start a new business venture focusing the Travel & Leisure sector. Ideally a person should be with the following qualities: 1. Established business person 2. Having some footprint in to ...
Hello cbanda. Can you please post an advert in the Looking for section (Business partners) in the Sri Lanka classsieds? :) Thank you, AurélieDone that already Pal... Waiting for you to review it and approve it :) Read More
Searching for a Business Partner :)
I am searching for a business partner (Locals or Expats) to start a new business venture focusing the Travel & Leisure sector. Ideally a person should be with the following qualities: 1. Established business person 2. Having some footprint in to ... Read More
Buying property in Sri Lanka by Christine
Hi, can a foreigner buy property in Sri Lanka? If so, is it complicated? What is the process of purchasing a property in Sri Lanka? Any tips for buying property, such as a check-list of items to verify ? Thanks in advance for ...
100% taxation is not abolished at all but certain revisions were introduced. As an example, investors with certain investment ceilings can go for properties (for business purposes) without paying the land transfer tax. If you are after an ... Read More
Thona Bay development. by sportscasual
I am looking at investing in a property with a company called Karooda properties. They are developing a large stretch of beach front land north of Batticaloa called Thona Bay. I am trying to find out as much about this area as possible before i ...
What you referring here is a project to be started in Kalkudah area. It would be a good destination for a hotel but not for a condo or apartment as area lacks many standard features as in Capital Colombo. Said air port too far away from there and ... Read More
Doing business in Sri Lanka by Julien
Hi, are foreign investors welcome in Sri Lanka? Is it complicated to register a company in Sri Lanka? What is the procedure? What is the corporate tax rate in Sri Lanka? Is it easy to recruit? Any advice you would share with ...
are foreign investors welcome in Sri Lanka? Yes! I would say our government messed things after the 3 decades long civil war. Reason: Instead of easing the rules now they are focusing towards the big multi nationals. If you are a small start-up, ... Read More
Higher studies in Colombo by Mannat
Hi everyone, IÂ’m a student doing my graduation from India and after that I plan to do my post graduation from a good college, while searching for colleges online I came across the website of the British School Of Commerce in Colombo, unfortunately ...
Try with informatics - http://www.iit.ac.lk/ or APIIT - http://www.apiit.lk/ else with SAITAM - http://www.saitm.edu.lk/programs_offered.htm Read More
Relocation advice by Picke
Hi We are a couple who are thinking of spending 5 or 6 months of the year living somewhere tropical. Last year i spent a few weeks working in Sri Lanka and enjoyed the country very much. We are thinking of buying a property to live in during the ...
There are few ways to acquire a land/property bypassing the 100% transfer tax. 1. Use a company name instead of your personal name 2. Work on a strategy where it sees like it was mortgaged and person failed to make your payments on time 3. Work on ... Read More
Moving to Sri Lanka by zoef
We are considering to move to Sri Lanka. How are the taxes for buying a property? What to do to create a company? Is it dificult to move to Sri Lanka? Anyone can help for these and other questions.
In the legal way: 100% tax on property transfer For creating a company, then you have to show 250K (US$) investment. I would suggest a JV, Partnership or Business Under BOT agreement. It would be easy if your wife/husband or close relative is a ... Read More
Doing business in Sri Lanka by Julien
Hi, are foreign investors welcome in Sri Lanka? Is it complicated to register a company in Sri Lanka? What is the procedure? What is the corporate tax rate in Sri Lanka? Is it easy to recruit? Any advice you would share with ...
Hi Julien, Unfortunately the BOI.lk is not the best place to query for the details. Could you kindly tell me the industry. I'll share the relevant information with you. Unfortunately our BOI is (moderated). They won't return to an email thread ... Read More
Relocation advice by Picke
Hi We are a couple who are thinking of spending 5 or 6 months of the year living somewhere tropical. Last year i spent a few weeks working in Sri Lanka and enjoyed the country very much. We are thinking of buying a property to live in during the ...
There are few ways to acquire a land/property bypassing the 100% transfer tax. 1. Use a company name instead of your personal name 2. Work on a strategy where it sees like it was mortgaged and person failed to make your payments on time 3. Work on ... Read More