Hello,
I am coming over in Autumn to investigate finding a long term leasing of a older colonial style property, maybe for restoration and then hopefully doing a little business renting rooms or chalets. Only to allow myself to live there as much as I can and to upkeep the place. I don't intend to get rich! my intention is that I want to have a place in the tropics to enjoy the lifestyle, and Sri Lanka looks ideal for me, beautiful safe and nice people.
My question is this: I have recently read an article by a Sri Lankan saying that a foreigner can only do business if he goes through a difficult process with the BOI investigation board and that it is not worth it! Foreigners cannot work or earn money.
Is this true? Is it not possible to do a small holiday rental business without all this hassle? Do foreigners living there rent out sometimes?
Thanks for listening.
Mike.
