{"id":91716,"date":"2019-07-27T03:48:54","date_gmt":"2019-07-27T10:48:54","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=91716"},"modified":"2019-07-27T03:48:54","modified_gmt":"2019-07-27T10:48:54","slug":"foreigners-buying-properties","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2019\/07\/27\/foreigners-buying-properties\/","title":{"rendered":"Foreigners buying properties"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Dr Sarath \u00a0Obeysekera\u00a0<\/em><\/span><\/h2>\n\n\n<p>My long-time Sri Lankan friend from Norway who has migrated \u00a0and worked over 35 years in that country, has been visiting Sri Lanka \u00a0several times every year \u00a0 with his family <\/p>\n\n\n\n<p>.He did not have any income in this country, hence he brought over 100 million Rs to Sri Lanka<\/p>\n\n\n\n<p>Over 25 years back he bought a house in Colpettry with the\nmoney he brought.<\/p>\n\n\n\n<p>His children grew up became citizens of Norway. They keep coming twice a year to Sr LANKA and spend money here <\/p>\n\n\n\n<p>Two years back my friend sold the house in Colpetty and paid\npartly to a condominium developer in Rajagiriya with the money received by\nselling his only house<\/p>\n\n\n\n<p>As he is getting old he wants to get the deed of the flat on\ntheir children\u2019s names who are categorized as foreigners&nbsp;<\/p>\n\n\n\n<p>Children who now work in Norway also transferred 1\/3 of the\nprice of the flat from Norway\u2019<\/p>\n\n\n\n<p>Now the developer\u2019s \u00a0lawyers claim that the deed of the flat cannot be written on their children\u2019s names as the total proceeds did not come to them directly from Norway <\/p>\n\n\n\n<p>He is dumbfounded and does not know what to do&nbsp;<\/p>\n\n\n\n<p>Can the finance minister and central bank advise these types of Sri Lankan\u2019s living abroad who are not allowed to have dual passports, how to invest in this country?<\/p>\n\n\n\n<p>Is there a loophole to overcome this problem?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dr Sarath \u00a0Obeysekera\u00a0 My long-time Sri Lankan friend from Norway who has migrated \u00a0and worked over 35 years in that country, has been visiting Sri Lanka \u00a0several times every year \u00a0 with his family .He did not have any income in this country, hence he brought over 100 million Rs to Sri Lanka Over 25 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[116],"tags":[],"class_list":["post-91716","post","type-post","status-publish","format-standard","hentry","category-dr-sarath-obeysekera"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/91716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=91716"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/91716\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=91716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=91716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=91716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}