Sri Lanka
How Sri Lanka performs
Tax
Average taxes. Sri Lanka sits mid-table on tax, 69th of 123. Expect a typical tax bill: neither a reason to move here nor a reason to stay away. Personal income tax 6-36%, corporate tax 14-45%, VAT 18%.
Source: Heritage Foundation, Index of Economic Freedom (Tax Burden sub-score)
Safety
Average safety. Safety here is about average for the countries we cover: Sri Lanka is 56th of 117.
Source: Institute for Economics and Peace, Global Peace Index
Cost of Living
Affordable. Everyday life costs less here than in most countries we cover: Sri Lanka is 25th of 118.
Source: Numbeo Cost of Living Index
Education
Below average. Education here is weaker than in most countries we cover (85th of 120). Families may want to look at international schools.
Source: UNDP & MBRF, Global Knowledge Index
Every figure is published by the institution named against it. We do not adjust, model or estimate the underlying values. See the formulas.
The detail behind the scores
Taxation
| Corporate income tax | 14-45% Applicable tax rate varies based on the nature of the business |
|---|---|
| Personal income tax | 6-36% Applicable tax rate varies based on the amount of income |
| Standard VAT | 18% |
Rates change without notice. Confirm with the relevant tax authority before acting.
Naturalization Requirements and Immigration Pathway
- Residence for naturalization
- 5 yearsDoes not offer standard naturalization by residency pathway. Must: 1. has been registered in a Resident Guest Scheme i) made a substantial contribution to the economic development of the country; or (ii) made a significant contribution to the social and cultural life of the country in the fields of science, education, medicine, archaeology, music, literature, agriculture or entertainment
- Language requirement
- No
- Investment Immigration Pathway
- Sri Lanka Investor Visa
- Official languages
- Sinhala and TamilEnglish is also widely used
- Dual citizenship
- Allows dual citizenship
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