About rusty1958

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Sri Lanka: Where to live in Sri Lanka:

Hi, this reply may be a little late given your plan to move to Sri Lanka in June - but here goes anyway: 1: My Dream Home Visa. You can get a 2 year visa to live here providing you can meet the following conditions: a: Bring USD15,000 into the country and lodge it in a fixed deposit (in USD) for the duration of your stay b: be able to show that you will bring in USD1500 per person each month for the duration of your stay c: show you have health insurance 2. Purchasing a property: Foreigners can buy property - as long as it is above the 4th floor - so your choice of where to live (if you plan to buy) is limited to those areas that have apartments for sale 3. Having said that, the whole of the island has gone property development crazy and there are apartments to purchase in most major cities 4. Where to live? Depends on what you want to do and the climate you'd prefer. i. Colombo has the benefits of city living; however it is hot, very hot! A/C is a must and with electricity prices at a premium - it is expensive to run. ii Upcountry (Nuwera Eliya/Kandy etc - the weather is kinder - and they are building some new apartments in both cities. iii Galle - nice small city - still has the hot climate - but if you can find something by the beach you might be ok. 5. Banking: You will have a restricted bank account which will only allow you to do some things. You won't be issued a credit card as you don't have a credit rating . . . you might be able to get around this by having a sizeable deposit - which is held by the bank against your credit card. 6. You've made a great choice!! I wouldn't live anywhere else!! Enjoy

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9/15/2016

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