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information about renting a hotel in SL

femke123

Hi All, Im considering to rent a property in Sri lanka and start a hotel. I have some questions and im hoping that somebody can help me out.

*How is it working with al the taxes, paperworks and make your business official?
*Is it possible to put my name in the renting contract and come and go out of the country with a tourist visa?
*Are there any consequences in Belgium like paying extra taxes?

If somebody has any advice or must know things than I would be very thankful if your sharing it with me.

Thank you all
cheers

See also

Living in Sri Lanka: the expat guideLawyers in Sri LankaImmigration consultants in Sri LankaSri Lanka RetirementRetiring in Sri LankaConsidering the purchase of a small homeGood Lawyer near by Midigama / Ahangama
Michiel P.

***

GuestPoster411

Hi Michiel P.,

Since this is an Anglophone forum, kindly stick to English language only please.

Thank you.

GuestPoster411

Hi Femke123,
As like in any other country there is a legal process  involved in starting a business in Sri Lanka.
As you are not an investor ? planning to rent a place and run a Hospitality business.
You need to applier for a Resident Visa, this will allow you to come and go freely.
Tourist visa - you get one month and you can extend that up to three months.
The country is getting stricter and is cracking down on people who come on a tourist visa and do business.

You will need to set up a company and applier for a business licence through the tourist board
Check this website it gives you the required info and you can applier online  ***

Running a business here you are liable in paying income taxes to the Sri Lanka Government.
As for paying taxes in Belgium , if you declare a income in Belgium you will be liable in Belgium , hence there maybe a dual tax treaty, You may want to check that in Belgium first.
The above is the recommended legal process.
If you plan to invest , check out the procedures with the Board of Investment of Sri Lanka.

Moderated by Bhavna 7 years ago
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lalithster

If you invest at least $150,000 in Sri Lanka you automatically get a special visa.  You can setup your country here in Sri Lanka if you like.