Hey all
I am currently in discussions with a Sri Lankan about investing in his hostel business. The business has been running successfully for three years and he is now looking for investment to help with future development in return for a 48% share of the business.
Before I start to get too far down the road with this investment, I'm trying to get a decent understanding of the legal permeations of such a deal in Sri Lanka. Is anybody able to offer any advice on what the main issues might be that I will face as a foreigner investing in such a business in the country?
If I invest, I'd be looking to live in the country to help with operating the business. My potential partner seems confident that if I invest, he'll be able to organise a visa that will allow me to work in the country. Is it that simple?
Any advice on this investment and what to watch out for in terms of the legals in Sri Lanka, would be hugely appreciated.
Many thanks
A
I am currently in discussions with a Sri Lankan about investing in his hostel business. The business has been running successfully for three years and he is now looking for investment to help with future development in return for a 48% share of the business.
Before I start to get too far down the road with this investment, I'm trying to get a decent understanding of the legal permeations of such a deal in Sri Lanka. Is anybody able to offer any advice on what the main issues might be that I will face as a foreigner investing in such a business in the country?
If I invest, I'd be looking to live in the country to help with operating the business. My potential partner seems confident that if I invest, he'll be able to organise a visa that will allow me to work in the country. Is it that simple?
Any advice on this investment and what to watch out for in terms of the legals in Sri Lanka, would be hugely appreciated.
Many thanks
A
