Sri Lanka to start residency scheme for foreign nationals

Standing left to right – Mr. Dinesh Jebamani (Chief Manager Liability Product Management and New Age Media – Seylan Bank), Mr.Sudesh Peiris (Senior Manager – Digital Banking Channels – Seylan Bank), Ms. S.Senevirathne (Representative of the Revenue Department – Western Province), Mr. Tilan Wijeyesekera (Deputy General Manager – Retail Banking – Seylan Bank) and Mr. Malik Wickremanayaka (Deputy General Manager – Operations – Seylan Bank)

Mar 20, 2013 (LBO) – Sri Lanka will introduce a residency scheme for foreign nationals who want to work or start businesses in the island as part of a revamp of a dual citizenship scheme, defence secretary Gothabya Rajapaksa said. He said the draft laws to change Sri Lanka’s dual citizenship process are with the legal draftsman’s office, but applications of those who had applied earlier were being processed.

Rajapaksa told a forum of Sri Lanka’s software and business process outsourcing chamber (SLASSCOM) that the introduction of the residency scheme will help foreignerss from countries that did not allow their nationals to be citizens of two countries.

He said some people who have obtained dual citizenship were also not resident in Sri Lanka.

Update II