Sri Lanka
Apr 25th 2020, 6:29 pm
#1
Just Joined
Thread Starter
Joined: Apr 2020
Posts: 1
Sri Lanka
Hi all,
My first post on here so I apologise if I've broken any kind of rules or form.
I have spent the last 10 years visiting Sri Lanka and my heart is there. I'm not in the position to currently but in a couple of years I would like to move there if possible. Does anybody have any experience of this and setting up a business? Ideally I'd like to have a hostel / B&B type hotel as I have management experience of this already. A Sri Lankan friend has advised me that I may only be able to do this if a local owns 51% of the business.
Any info / advice would be much appreciated.
My first post on here so I apologise if I've broken any kind of rules or form.
I have spent the last 10 years visiting Sri Lanka and my heart is there. I'm not in the position to currently but in a couple of years I would like to move there if possible. Does anybody have any experience of this and setting up a business? Ideally I'd like to have a hostel / B&B type hotel as I have management experience of this already. A Sri Lankan friend has advised me that I may only be able to do this if a local owns 51% of the business.
Any info / advice would be much appreciated.
Apr 25th 2020, 6:34 pm
#2
Lost in BE Cyberspace
Joined: Nov 2012
Location: bute
Posts: 9,740
Re: Sri Lanka
I had a colleague in Saudi Arabia who had property in Sri Lanka. He had to put it in the name of a Sri lankan. i query the wisdom of doing this.
Jul 28th 2020, 12:29 pm
#3
BE Enthusiast
Joined: Jan 2017
Location: Kuching, Sarawak
Posts: 674
Re: Sri Lanka
While the author of this piece is largely negative (and ignorant of Sri Lanka efforts to balance the need to protect the nation from Covid-19, and to allow tourism) the provisions offered seem to be quite reasonable.
https://loyaltylobby.com/2020/06/08/...ovid-19-tests/
As well Sri Lanka is for the first time looking to implement a long stay residence program akin to Malaysia MM2H and Panama and Costa Rica "pensionado" programs. Those are mainly geared to retirees who come and spend their foreign-earned capital within the economy.
https://loyaltylobby.com/2020/06/08/...ovid-19-tests/
As well Sri Lanka is for the first time looking to implement a long stay residence program akin to Malaysia MM2H and Panama and Costa Rica "pensionado" programs. Those are mainly geared to retirees who come and spend their foreign-earned capital within the economy.
