Non-Sri Lankans though not allowed freehold ownership of property due to current government restrictions, are permitted to lease property on a long term basis in which a negligible transfer tax may be applicable. Other taxes would include the standard 12% VAT and 2% NBT that usually accompanies any goods and services charge.
For that soul searching experience, you can add meaning to life by volunteering at one of the many local children’s orphanages across the country. If you are an animal lover, you can travel to the Pinnawala Elephant orphanage and the elephant nursery.
The Sri Lanka My Dream Home program facilitates your move to Sri Lanka. If you are above 55 the visa issued by Sri Lanka is valid for two years and renewable. If you deposit US$15,000 in any approved bank in Sri Lanka and have a monthly pension or income of USD 1,500 you will be eligible for the Dream Home visa.
What better way to experience all of this than to be a part of the country as it is and experience the diverse culture and rich heritage while sinking your feet in the sandy beaches of Sri Lanka and truly retire in Asia’s up and coming destination.