Foreign investors for over USD300,000 to get resident visas in Sri Lanka

Jan 13, 2017 (LBO) – Sri Lanka’s Finance Minister said that foreigners who make a minimum investment of 300,000 US dollars will see a range of benefits including the granting of two to five-year resident visa permits.

New regulations would be introduced to increase the concessions and facilities granted to Foreign Direct Investment, Ravi Karunanayake, Finance Minister said, according to the media reports.

“We want to attract funds through official channels while protecting the investors,” he said.

Karunanayake said these investment incentives will result in investments areas like real estate while also reducing the brain drain.

Those who deposit over US 1.5 million dollars may also be allowed to lease land, he said.