Issuance of long term residence VISA for foreign investors.

Sri Lanka visa
2 months ago
Kanesu Balasuresh

Kanesu Balasuresh

Approval of the Cabinet of Ministers was granted at their meeting held on 07th March 2021 for introducing a new methodology instead of the previously existing VISA issuance methodology for long–term residence VISA issuance.

The Cabinet of Ministers granted approval for the proposals furnished by His Excellency the President as the Minister of Defense in relation to the issuance of long–term VISA subject to that methodology mentioned as follows.

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 United States Dollars 75,000 or more than that in condominium properties. 

Implementation of a program named “Golden Paradise VISA Programme” that enables the issuance of residence VISA for 10 years for the foreigners who deposit at least United States Dollars 100,000 in a commercial bank recognized by the Central Bank of Sri Lanka.

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