SL to issue long-term residence VISA for foreign investors

Date:

The government has decided to introduce a new “Golden Paradise VISA Programme” to grant long-term residence visas to foreign nationals.

Accordingly, the visa scheme will enable the government to issue residence visas for 10 years to foreign nationals who deposit at least USD100,000 in a commercial bank recognized by the Central Bank of Sri Lanka.

Meanwhile, long–term residence visas for up to 10 years will also be issued to foreigners, their spouses and their dependents who invest at least USD 75,000 or more in condominium properties.

The proposal was tabled by President Gotabaya Rajapaksa as the Minister of Defense.

Popular

More like this
Related

PM recommends extending Dr. Nandalal Weerasinghe’s tenure as CBSL Governor

Prime Minister Ranil Wickremesinghe in his capacity as Finance...

Two persons shot dead in Moratuwa

Two people have been killed in a shooting incident...

600 inmates escape Kandakadu rehabilitation centre

Around 600 inmates of the Kandakadu rehabilitation centre at...

Sri Lanka’s economic growth contracts by 1.6% in first quarter of 2022

The economy of Sri Lanka has contracted by 1.6...