Duruthu Edirimuni Chandrasekera
The Sri Lankan Cabinet has agreed to issue a one-time multiple entry visas to tourists for one year in a bid to attract much-needed foreign exchange.
The government in March introduced various new long-term visa programmes for foreign nationals such as individual investors who deposit at least $100,000 in a Sri Lankan bank account, who will be eligible for a 10-year ‘Golden Paradise’ visa if they maintain at least a $50,000 deposit in their bank account.
Directors of companies and their dependents who invest at least $75,000 in condominium property in Sri Lanka will be eligible for a five- to 10-year visa; foreign nationals over the age of 60 who have a monthly income of at least $20,000 will be eligible for a 10-year visa.
The cash-strapped country has been grappling with the acute for an exchange crisis for the most of last year, spilling over to this year.
