Tag Archives: Sri Lanka

Why the Sri Lanka People a problem for your Investment?

Status 2015: First of all, almost all Sri Lankan people think, all foreigners are rich and we have to cheat the foreigners to get the money from them!

If you make an agreement with a Sri Lankan person, the agreement is useless!

Sri Lankan people cheats also each other! Sri Lankan people think cheating is business! Therefore it is very common in Sri Lanka.

In Sri Lanka they have still the Caste system. The people say, that the caste from the coast is the worst caste! This casts are the fishing people. No other caste in Sri Lanka trust this caste!

It is very difficulty to find a honest Sri Lanka person if you are on holiday in Sri Lanka. Inside people are not so bad as the people on the coast.

But not all people are sharks in Sri Lanka! There are so many dearly people. Unfortunately the dearly people has to suffer from the sharks.

Many Sri Lanka people pinched by poverty because the rich people in Sri Lanka are not interested to help the poor people.

Be carefully if you make a Investment in Sri Lanka

 

Why is the Sri Lanka Government a Problem for Investments?

Sri Lanka Investment Problems

The government is changing their decisions very often. For example in the year 2013 it was not possible to sell your own property if you have any in Sri Lanka to other non local Sri Lanka people! You can only sell to local Sri Lankan people. The people in Sri Lanka know this! So if you have to sell you property you will lost many money! The Sri Lankan people will only pay a very poor price! Also in 2013 the government made the decision, that no foreign people can buy properties in Sri Lanka. You can only make a long term rent with 100% tax additional. The second way is to establish a company in Sri Lanka and by then the property. But!!! More than 50% must be owned by a local Sri Lankan person. In 2014 they will change the roles again.

If you speak with a lawyer in Sri Lanka, he will say to you, this is no problem. You can make an agreement with you local company partner therewith you local partner has no rights.

Forget this! Agreements in Sri Lanka have no value! Only if you have more than 1.000.000 US you can go to the court because everybody is asking for black money if you need anything.

When you need anything from a civil servants you have to pay black money! Otherwise you will not get any permissions in Sri Lanka!