Sri Lanka to issue long-term residence visa for foreign investors
Posted by Editor on April 26, 2022 - 12:30 pm
Sri Lanka Government granted approval for the new methodology to issue resident visas for foreign investors in Sri Lanka on a long-term basis.
The approval of the Cabinet of Ministers was given to the following proposals tabled by the President in his capacity as the Defence Minister:
- Depending on the amount of investment of United States Dollars, issuance of long-term residence VISA from 5 to 10 years for foreigners and directors, their spouses and their dependents of foreign companies who invest at least US$ 75,000 or more in condominium properties.
- Implementation of a programme named “Golden Paradise VISA Programme” that enables to get residence VISA for 10 years for the foreigners who deposit at lease US$100,000 in a commercial bank recognized by the Central Bank of Sri Lanka.
Latest Headlines in Sri Lanka
- NPP presents 7-point pledge on Easter Sunday Attack to Cardinal Ranjith April 18, 2024
- Dialog Axiata to acquire Bharti Airtel’s telecom operations in Sri Lanka April 18, 2024
- IMF ready to support Sri Lanka’s discussions with bondholders April 18, 2024
- Sri Lankan among NASA’s new crew for next simulated Mars journey April 18, 2024
- Court extends enjoining order blocking Sirisena from SLFP chairmanship until May 9 April 18, 2024
