HIGH POTENTIAL, OPEN TO INVESTORS
Talpe is Sri Lanka’s most exclusive beachfront location, and Galle, founded in the sixteenth century is country’s cultural and historical bed. Serenia is the only beachfront apartment project with a close proximity (8km) to UNESCO protected Galle Fort. As stated in Oxford Business Group report, the average value of a beachfront property grew by 50% in 2017, however in Talpe it was 300% over the last three years due to it’s exclusivity and close proximity to Galle Fort and other key leisure hubs.
Following its civil war end in 2009, the Sri Lankan government has established a business-friendly environment in which growth is encouraged with minimal state inference. This reflects in Sri Lanka's competitive tax regimes, among South Asia's most competitive rates.
If you are a foreign investor purchasing property, we strongly recommend to open a “IIA” account, which offers you an account which can be maintained in foreign currency and /or Sri Lankan rupee at attractive rates and is exempted from local taxes.The proceeds may be freely repatriated through a IIA account provided the seller has remitted money through IIA to originally purchase the property.
For more information, please contact our dedicated Sales Team or download Frequently Asked Questions document here.
SRI LANKA IS DEVOTED TO REFINING LUXURY TOURISM AND BUSINESS
Dedicated to delivering luxury tourism, real estate and infrastructure projects, Sri Lanka welcomes foreign direct investment as well as support from international organizations – all of which have fruitfully liaised with the Sri Lankan government.Sri Lanka has consequently enjoyed a strong growth in recent years, having become a harbor of foreign direct investment.
Among the many reasons cited for investment include:
- Strong dynamic growth and development
- Political stability and social tolerant harmony
- Regional business hub
- Foreign investors enjoying freehold rights for condominiums
- Educated and multilingual young talent
- Strategic geographical position with ocean access between the East and the West
- Part of the great “Silk Road” initiative
- Strong tourism arrivals growth
- High capital gains in a beachfront real estate sector
- Beachfront properties half the price compare to Bali or Thailand
It comes as no surprise that Sri Lanka has become the home away from home for many. Between majestic mountains, thick and lush rain forests, and the turquoise ocean, Sri Lanka crystalizes as a familiar and welcoming home.Globetrotting sun-seekers, who may want a second beachfront home, and foreign investors, • scouting for exclusive properties for their impressive portfolios, may be able to acquire freehold property rights over condominium units on any floor.With some deciding to make Sri Lanka their first home, many have sought to attain residency. Most visitors can stay in Sri Lanka for at least 30 days with a valid passport and a tourist visa, depending on bilateral agreements between countries. Others might opt for the new visa policy rewards foreign investors with residents’ visas. Those bringing in investments of at least USD 500,000 would be offered a 10-year resident visa while those making an investment of US$ 300,000 would be able to obtain a fiveyear resident visa, this law should be in force 2018. For more information and updates, please contact our dedicated Sales Team or download Frequently Asked Questions document here..