SV Law Associates

30/05/2020

RESTRICTION - FOREIGN BUYER/INVESTOR

The foreign investors are eligible to lease lands in Sri Lanka to establish their projects. A new land law was promulgated in 2014 (as amended in 2017 and 2018) which permitted lease of land for foreign investments and outright transfers will only be permitted when the foreign shareholding is less t...

26/05/2020

CEILING ON AGRICULTURAL LAND AND HOUSING IN SRI LANKA

CEILING ON AGRICULTURAL LAND
The maximum extent of agricultural land which may be owned by any person, in this Law referred to as the ” ceiling “, shall-
(a) if such land consists exclusively of paddy land, be twenty-five acres; or
(b) if such land does not consist exclusively of paddy land, be fifty acres, so however that the total extent of any paddy land, if any, comprised in such fifty acres shall not exceed the ceiling on paddy land specified in paragraph (a)

CEILING ON HOUSING PROPERTY
Removal of the ceiling on housing property
There shall be no limit from or after January 1, 1987, as to the maximum , number of houses which may be owned by an individual who is, or is not, a member of a family or by any body of persons, corporate or unincorporated subject to the other provisions of the Law .

03/05/2020

03/11/2010

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We are a Sri Lankan based law firm specialized in Corporate and personal legal services. We cover all major areas of legal Services in Sri Lanka. Our services are Litigation, Arbitration, Notarial services, patents and trademark registration, foriegn investment, marriage counselling - Sri Lankan Law