+94 77 572 46 73 Reservations@OnWeligama.com

Ownership Structureflourish-favicon 

The entire development is owned by Golden Corals Ltd, a registered Sri Lankan approved BOI (Board of Investment) Company owned by British and Canadian shareholders. Under latest laws in Sri Lanka, freehold ownership is only available to Sri Lankan nationals or Sri Lankan registered companies. Golden Corals Ltd. has received BOI approval to lease the property and the villas to an offshore company (already set up in BVI), that can therefore enable non-residents to have a 99-year leasehold ownership that is fully transferable. The leasehold agreement structure, uniquely created for each individual villa to have its own sole owner with legally protected property rights, is available for legal review by interested buyers prior to making any commitment.