Legal_Landscape

A commentary on law and current affairs

Resumption of Dual Citizenship

The Department of Immigration and Emigration of Sri Lanka has resumed the granting of dual citizenship. This is a benefit looked forward to by many former Sri Lankans who acquired foreign citizenship and thereby lost Sri Lankan citizenship. Please refer the website of the Department of Immigration and Emigration (link given below) for details and application forms.

http://www.immigration.gov.lk/web/index.php?option=com_content&view=article&id=299&Itemid=214&lang=en

The recently implemented law on land acquisitions (i.e. Land (Restrictions on Alienation) Act No. 38 of 2014 ) prohibits the acquisition of immovable properties by foreign citizens. Exemptions are given in Sec. 3 of the said Act. The restriction will not apply for those foreign citizens who have obtained dual citizenship. The effective date of operation of the Act is 1st January 2013.

Regarding condominium properties, the above mentioned restriction will not apply to foreign citizens who acquire condominium units above the 4th floor of a building (excluding the floors containing common elements), provided the entire sale price is paid upfront by foreign remittance prior to the execution of the Deed of Transfer.

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March 24, 2015 Posted by | Condominium properties Sri Lanka | , , , , , , | Leave a comment