Resident Visa For Foreigners Investing Over US$ 3 Lakhs in Srilanka

Finance Minister Ravi Karunanayake  has announced,   that any foreigner ,who will invest more than US$  3 lakhs in Srilanka will be given  resident visa  ranging from 2 to 5 years .

 He has revealed this in a press conference held  at the Ministry of Finance  yesterday (12). Further he said , that in order to attract   foreign investors to  Srilanka, we have planned to amend rules and regulations . Lawful investments made in foreign countries could  be brought back to  Srilanka,  if  rules and regulations  are relaxed   . Accordingly funds brought from foreign countries  could be invested in share market,  banks and in bonds .