Newly Introduced Long Term Residence Visa for Investors

1. Golden Paradise Visa
   
   Applicable For: Golden Paradise Visa Programme –Applicant, Spouse and Dependents
   
   Visa Fee: USD 200 per year
    

   	Minimum Investment	Period
   Golden Paradise visa	Deposit minimum of USD 200,000 in any commercial bank recognized by the Central Bank of Sri Lanka (Invertors may withdraw upto 50% of the minimum investment after completion of the 1st year from the date of issuance of the Golden Paradise Visa )	10 years

   
   Click here for more details
    
2. Direct Investments
   
   Applicable For: Applicant, Spouse and Dependents –
   Assistants, Cooks, Caregivers (Monthly Remittance -1500 USD per person)
   
   Recommending Authority: Relevant Line Ministry /Board of Investment of Sri Lanka (BOI)
   
   Visa Fee: USD 200 per year
    

   	Minimum Investment	Period
   Direct Investments	USD 300,000	5 years
   	USD 500,000	10 years

3. Investment in a Condominium Property
   
   Visa Fee: USD 200 per year
   
    

   	Minimum Investment	Period	Allowed Persons
   Individuals Condominium property (Urban areas)	USD 200,000	10 years	Applicant, Spouse & Dependents
   Condominium property (Urban areas)	USD 150,000	5 years and Extendable	Applicant, Spouse & Dependents
   Condominium property (Suburbs areas)	USD 75,000	5 years and Extendable	Applicant, Spouse & Dependents
   Applicant Company Condominium property (Urban areas)	One condominium of USD 500,000 Two or more condominium units, each valued above USD 150,000 and total should be minimum of USD 500,000	5 years	4 Directors and their Spouses and Dependents
   Condominium property (Suburbs areas)	Two or more condominium units, each valued above USD 75,000 and total should be minimum of USD 500,000	5 years	4 Directors and their Spouses and Dependents

   
   Step 1
   Registration of the Condominium property by the developer for the visa purpose.
   Please download the relevant application here (Form 3)
   The developer of the Condominium property should submit this application to the Department of Immigration and Emigration with a request letter.
   
   Step 2
   Individual Applicant / Applicant Company ( Who purchase the individual condominium unit) should  submit the application with the following documents.
   
   1. Dully filled Residence Visa application (Please download the application here)
   2. Applicant’s self declaration (Please download the application)
        Form 1 (for individual applicant)
        Form 2 (for applicant company)
   3. Certified copy of the Deed and Original Deed
   4. Title Report and Valuation Report or Form 04 filled by the Land Registry
    
4. Investments in Treasury Bonds, Treasury Bills, Sri Lanka Development Bonds
   
   Applicable for: Applicant, Spouse and Dependents
   Assistants, Cooks, Caregivers (Monthly Remittance -1500 USD per person)
   
   Recommending Authority: Central Bank of Sri Lanka
   
   Visa Fee: USD 200 per year
    

   	Minimum Investment	Period
   Treasury Bonds, Treasury Bills, Sri Lanka Development Bonds	USD 250,000	5 years
   	USD 400,000	10 years

5. Investments in Sri Lanka share market
   
   Applicable for: Applicant, Spouse and Dependents
   Assistants, Cooks, Caregivers (Monthly Remittance -1500 USD per person)
   
   Recommending Authority: Central Bank of Sri Lanka/Securities and Exchange Commission of Sri Lanka (SEC)
   
   Visa Fee:  USD 200 per year
    

   	Minimum Investment	Period
   Invest in Sri Lanka share market	USD 100,000	05 years
   	USD 200,000	10 years