Two Ministers Splitting Hair Over Granting Visa to Investors

Finance Minister Ravi Karunanayake announced recently  that any foreigner , who invest  more than US$ 300,000 will be granted temporally resident visa.

Minister of Justice Wijeyadasa Rajapakshe rejected it by stating there was no cabinet paper on this matter and if a cabinet paper is  submitted he would see that the cabinet paper is  rejected, Further he said US$ 300,000 is a negligible amount. Considering land price per perch  in Colombo this is nothing and this move only opens the door  for beggers to enter the country  .Further  he said,  granting residence visa to foreigners would  throw a challenges to small traders  of this country and Ravi Karunanayake had no business in   issuing such a statement without consulting the cabinet.

In reply Ravi  Karunanayake maintained that Minister Rajapakshe was misinformed  and did not  know  what he was talking about.