Immigration Services Centre. ‘My Dream Home’ programme is promoted by the Government of Sri Lanka to allow people from all over the world, who fulfill a certain criteria to retire in Sri Lanka. It allows the retiree to live in the country under a long term resident visa, issued in two year blocks.
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Can you retire to Sri Lanka from UK?
Sri Lanka offers a “Dream Home Visa Programme” which allows retirees over the age of 55 who meet the countries financial minimum for expats, a 2-year visa with the potential to renew.International health insurance has the ability to travel with you from country to country.
Can a UK citizen live in Sri Lanka?
Entry and residence requirements
British nationals intending to visit or reside in Sri Lanka must be in possession of the necessary visa. Information regarding visas to Sri Lanka can be found on the Department of Immigration and Emigration website.
How long can a UK citizen stay in Sri Lanka?
30 days
Tourist ETA for Sri Lanka – UK tourists can use this travel authorization to visit Sri Lanka for leisure and relaxation. It is valid for 6 months and grants a dual entry, where Britishers can enter Sri Lanka twice during these allowed 6 months. The maximum number of days they are allowed during each stay is 30 days.
How much does it cost to retire in Sri Lanka?
Family of four estimated monthly costs are 1,311$ (264,611Rs) without rent. A single person estimated monthly costs are 372$ (75,176Rs) without rent. Cost of living in Sri Lanka is, on average, 56.09% lower than in United States.
Can a British citizen buy property in Sri Lanka?
How difficult is the property purchase process in Sri Lanka? Foreigners can freely buy properties as long as they are willing to pay the Land Tax for foreigners at 100% of the property value. An alternative is to lease the land for 99 years, bringing the tax down to 7%.
Can British people buy property in Sri Lanka?
Foreigners are allowed to buy apartments, condominiums and freehold land, however, there is a 100% Land Tax for foreigners imposed on the property value, this will double the cost of the land for foreigners. Instead, foreigners can lease the land up to 99 years which is only taxed at 7%.
Can I move to Sri Lanka?
Any non-nationals of Sri Lanka will need a visa to enter the country.The Department of Immigration & Emigration is responsible for visa services, passports, citizenship and border control; full details can be found on their website, including details on short stay visas, residence visas and citizenship applications.
Do UK citizens need a visa for Sri Lanka?
Passports & Visas
British citizens must have a valid passport for a minimum period of 6 months from the date of entry in Sri Lanka, and are also required to have a visa. You can apply for a tourist visa online at www.eta.gov.lk. If you need assistance applying for your visa, we recommend the Travel Visa Company.
How long can I stay in Sri Lanka?
A visitor wishing to stay more than 30 days in Sri Lanka, may apply for an extension. The Short Visit visa may be extended up to 90 days from the date of arrival at the first instance and further 90 days at the second instance.
Can I stay in Sri Lanka for 6 months?
Tourist Visa Policy for Sri Lanka
Visitors who arrive with the ETA may stay in Sri Lanka for up to 30 days, although an extension of up to 180 days may be requested.
Can foreigners live in Sri Lanka?
Foreign nationals moving to Sri Lanka will find that the lifestyle in this country is very different from what they are used to. In general, expats need to obtain a residence visa if they plan to reside in the country for work purposes.
Is Sri Lanka good for living?
Sri Lanka often referred to as the ‘pearl of the Indian ocean’, is claimed by both locals and expats alike as a truly great place to live and work. A country of many facets, Sri Lanka offers a spectrum of experiences, cultures and places for those who enjoy diversity and variety.
Does Sri Lanka have a state pension?
2.1.1 The Public Service Pension Scheme (PSPS)
The PSPS is a non-contributory benefit financed from general government revenues, currently at a fiscal cost of 2% of GDP. It is provided to former civil servants. A full pension is payable from age 55 (men) or age 50 (women) and must be taken at latest by age 60.
What is the best area to live in Sri Lanka?
A Guide To The Best Cities in Sri Lanka
- 1 Colombo. Seema Malaka Temple in Colombo.
- 2 Anuradhapura. Ancient Dagoba in Anuradhapura.
- 3 Galle. Galle lighthouse and fort.
- 4 Kandy. Temple of the Tooth in Kandy.
- 5 Nuwara Eliya. Tea plantations in Nuwara Eliya.
- 6 Trincomalee.
- 7 Polonnaruwa.
- 8 Jaffna.
Can I get a mortgage in Sri Lanka?
Now, for the first time in Sri Lanka, there’s a housing loan that actually gives you complete flexibility to pay it back!A unique option that allows you to obtain a housing loan even at the age of 55. If you are a professional, we have a housing loan scheme with a repayment option to suit your income.
Can foreigners buy condos in Sri Lanka?
Foreigners can buy apartments / condominiums from ground level up, however lands cannot be purchased on freehold and can only be leased up to 99 years.Any private company with minority foreign ownership can buy or lease property in Sri Lanka.
What are the requirement to get citizenship in Sri Lanka?
Citizenship can be obtained through marriage by the spouse or the widow/widower of a citizen of Sri Lanka by descent or registration. Persons who have rendered distinguished public service or are eminent in professional, commercial, industrial, or agricultural life, may be granted citizenship through naturalisation.
Can foreigners inherit property in Sri Lanka?
No law prohibits foreigners from inheriting property in Sri Lanka. However the Finance Act No. 11 of 1963 states that where of ownership of any land is transferred to a person who is not a citizen of Sri Lanka, a tax of an amount equivalent to the value of the land is charged.
Can a foreigner sell property in Sri Lanka?
Foreigners can purchase freehold property in Sri Lanka – even with the 2014 law (Land Act No. 38, October 2014).The company structure allows the foreign investor to freely purchase, develop, rent and sell the property and collect all profits from running and selling the property holding company.
How can foreigners invest in Sri Lanka?
Broadly, foreigners are permitted to engage in the following capital transactions (Prescribed Investments) in Sri Lanka without having to obtain approval under exchange control laws:Invest in debt securities of Sri Lankan companies. Granting loans with a tenure of not less than 3 years to Sri Lankan companies.
