Sri Lanka passes law banning sale of land to foreign citizens
The Sri Lankan parliament passed the law banning the sale of land to foreign citizens, on Monday night, reports Reuters.
The Land Bill, will mean that foreigners will only be able to lease land for up to 99 years.
The law will also prevent companies and firms that are over 50% foreign owned from buying land.
See more here.
The Land Bill, will mean that foreigners will only be able to lease land for up to 99 years.
The law will also prevent companies and firms that are over 50% foreign owned from buying land.
See more here.