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» Things we are not aware of-Sri Lanka politics.
Yesterday at 7:55 pm by Ethical Trader

» Plantations - Analysis by Saliya
Yesterday at 11:31 am by lanka

» ඇලබාමා මැතිවරණයෙන් ඩොනල්ඩ් ට්‍රම්ප්ට පරාජයක්
Wed Dec 13, 2017 5:17 pm by Ethical Trader

» දිවියෙන් සමුගැනීම සමරන්න සාදයක්!
Wed Dec 13, 2017 5:12 pm by Ethical Trader

» පැසිෆික් 'ළදරු දූපත' අඟහරු හඳුනාගැනීමට මගක්
Tue Dec 12, 2017 8:12 pm by CK

» Best combination in Sinhala music: Prem+Victor
Tue Dec 12, 2017 3:49 pm by CK

» JKH trades in a tight channal
Tue Dec 12, 2017 12:09 pm by lanka

» Sri Lanka to push ahead with shipping liberalization
Tue Dec 12, 2017 10:13 am by Ethical Trader

» Investment in listed companies.
Tue Dec 12, 2017 8:45 am by Ethical Trader

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Sun Dec 10, 2017 6:59 pm by කිත්සිරි ද සිල්වා

» Trading
Sat Dec 09, 2017 7:42 pm by The Alchemist

» In the Meantime, Within Our Shores !
Sat Dec 09, 2017 5:39 pm by Ethical Trader

» ඩොලර් මිලියන 251.4 ක IMF තෙවන ණය වාරිකය අනුමතයි
Fri Dec 08, 2017 5:13 pm by Ethical Trader

» IMF approves US$ 251.4 mn to Lanka
Fri Dec 08, 2017 5:11 pm by Ethical Trader

» Strong uptick in exports, FDI
Fri Dec 08, 2017 12:09 pm by Ethical Trader

» Sri Lanka needs more taxes to cover SOE losses,
Fri Dec 08, 2017 12:04 pm by Ethical Trader

» ජෙරුසලමේ තත්ත්වය : ට්‍රම්ප් පියවරට එරෙහිව පලස්තීනුවෝ වීථි බසිති
Fri Dec 08, 2017 11:56 am by Ethical Trader

» Far reaching new Securities Exchange Bill gazetted
Thu Dec 07, 2017 5:39 pm by Ethical Trader

» Is he an Aladdin with a magic lamp
Thu Dec 07, 2017 5:37 pm by Ethical Trader

» CMEC to build 400 MW natural gas power plant in Sri Lanka
Thu Dec 07, 2017 5:35 pm by Ethical Trader

» Cabinet approves signing of share ownership agreement on Hambantota Port
Thu Dec 07, 2017 5:35 pm by Ethical Trader

» ශ‍්‍රී ලංකාව ලෝකයේ දූෂිතම රටවල් හතර තුලට වැටේ..
Thu Dec 07, 2017 5:31 pm by Ethical Trader

» හම්බන්තොට වරාය චීනයට බාර දීම 09 වෙනිදා
Thu Dec 07, 2017 12:50 pm by Ethical Trader

» Dividend Announcement
Tue Dec 05, 2017 5:06 pm by Ethical Trader

» පළාත් පාලන ඡන්දයේ ඇස්තමේන්තු ගත වියදම බිලියන 3 ඉක්මවයි
Tue Dec 05, 2017 2:31 pm by guruji

» ඉන්දියා යාමට ගිය ක්‍රීඩකයන් ගුවන්තොටේදී යළි කැඳවේ
Tue Dec 05, 2017 2:21 pm by Ethical Trader

» උතුරු කොරියානු මිසයිලය : ගුවනේදී "කැතේ පැසිෆික් කාර්ය මණ්ඩලය දුටුවා""
Tue Dec 05, 2017 2:17 pm by Ethical Trader

» මෙක්සිකෝවේ "කොලපැහැ රත්‍රන්" රකින "අලිගැටපේර පොලිසිය"
Tue Dec 05, 2017 2:06 pm by Ethical Trader

» ජෙට්වින්ග් කොටස් වෙළෙඳපොළ සම්ප්‍රාප්තියට දින නියම වෙයි
Mon Dec 04, 2017 1:14 pm by nihal123

» Flying is the Safest mode of Transport
Sun Dec 03, 2017 9:08 am by කිත්සිරි ද සිල්වා

» කෙලවලු පැටවුන් අල්ලන්න එපා: ධීවරයන්ට අවවාදයක්
Fri Dec 01, 2017 7:40 pm by කිත්සිරි ද සිල්වා

» එජාප මන්ත්‍රීවරුන්ට ජනාධිපති විවේචනය කිරීම තහනම්
Fri Dec 01, 2017 11:58 am by Ethical Trader

» හිමගිර පාමුළ විමුක්තිය සොයන බෞද්ධ භික්ෂුණින් වහන්සේ
Fri Dec 01, 2017 11:47 am by Ethical Trader

» දකුණු කොරියාව: ජනපති මෛත්‍රීට අනපේක්ෂිත අමුත්තෙක් මුණගැසෙයි
Fri Dec 01, 2017 11:36 am by Ethical Trader

» Laughter the Best Medicine
Thu Nov 30, 2017 6:08 pm by කිත්සිරි ද සිල්වා

» ඒකාබද්ධ විපක්ෂය සමග සාකච්ඡා අසාර්ථකයි: ශ්‍රීලනිපයට "ජයග්‍රහණය විශ්වාසයි"
Thu Nov 30, 2017 4:12 pm by Ethical Trader

» සීමා නීර්ණ ගැසට් පත්‍රය අවලංගු කළ පෙත්සම ඉවතට
Thu Nov 30, 2017 4:08 pm by Ethical Trader

» අයහපත් කාලගුණය: මරණ සංඛ්‍යාව ඉහළට
Thu Nov 30, 2017 3:57 pm by Ethical Trader

» "උතුරු කොරියාව නව බැලිස්ටික් මිසයිලයක් විදලා" - දකුණු කොරියාව
Wed Nov 29, 2017 1:01 pm by Ethical Trader

» Govt. to release 50 acres of capital land for investments
Tue Nov 28, 2017 11:32 am by කිත්සිරි ද සිල්වා

» Higher oil bill overshadows strong growth in exports
Tue Nov 28, 2017 11:12 am by Backstage

» නැනෝ ඉලෙක්ට්‍රික් හෙට සිට වෙළෙඳපොළේ – එක් ආරෝපණයකින් කිලෝමීටර 200 ක ධාවනයක්
Mon Nov 27, 2017 5:43 pm by Ethical Trader

» Deadly earthquakes could hit a billion people next year
Mon Nov 27, 2017 10:40 am by Backstage

» Only Sri Lanka’s top five stockbrokers profitable
Mon Nov 27, 2017 10:22 am by Backstage

» Brush manufacturer BPPL faced tough six months
Mon Nov 27, 2017 10:17 am by Backstage

» Sri Lanka's got Talent
Sun Nov 26, 2017 11:33 pm by sashimaal

» CUBA FOUND A CANCER VACCINE! MORE THAN 4 THOUSAND PEOPLE HAVE ALREADY BEEN CURED BY IT!
Sat Nov 25, 2017 11:38 am by Ethical Trader

» හදාගත් දරුවෝ: DNA බැංකුවට ශ්‍රී ලංකාවේ හා නෙදර්ලන්තයේ සහාය
Fri Nov 24, 2017 5:33 pm by Ethical Trader

» ෆයිසර් මුස්තාපාට එරෙහිව විශ්වාස භංගයක්?
Fri Nov 24, 2017 2:52 pm by Yin-Yang

» 'සිම්හල ද්වීපයේ පද්මාවතිය' හා අර්බුදයට මැදිවූ පද්මාවතී එක් තැනැත්තියක් ද ?
Fri Nov 24, 2017 1:22 pm by Ethical Trader

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$ 300,000 deposit gets 10-year residency visa

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$ 300,000 deposit gets 10-year residency visa

Post by roshana7549 on Thu Aug 11, 2016 7:37 am

Investors willing to fork out over $300,000 through a special deposit account will be granted a 10-year residency, in a fresh effort by the Finance Ministry to attract much-needed foreign exchange to Sri Lanka.

The Special Deposit Account Act is expected to find its way to Parliament over the next few weeks to enable the Government to establish Special Deposit Accounts that could be used by foreigners or the diaspora community. If parents of a family remit $ 600,000 to the account, any children below 18 years of age will also be granted visa to accompany their parents.

Depositors must maintain a minimum balance of $ 300,000 in the special accounts for the entire duration of the 10 years, the Cabinet paper said.

However, the new measure, which has already received Cabinet approval, stops short of allowing depositors to work in Sri Lanka. Work permits have to be obtained separately from the Immigration or Emigration Department. Nonetheless the Government plans to encourage them to start a business in Sri Lanka with their private capital to generate employment and create partnership opportunities with local companies.

Cabinet approval was also given this week for two other proposals of Finance Minister Ravi Karunanayake. The Finance Ministry seeks to establish an agency for restructuring financial assets of failing finance companies. The agency includes preparing a legal framework on recapitalizing and restructuring troubled finance companies.

Under the second Cabinet paper the Finance Ministry will set up a performance and efficiency management unit to review efficiency and productivity of funds released by the Treasury to ministers, departments and public enterprises. (UJ) - See more at: http://www.ft.lk/article/560806/Cabinet-green-lights-new-laws-for-Financial-City#sthash.Ua4ANrXQ.dpuf

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Re: $ 300,000 deposit gets 10-year residency visa

Post by කිත්සිරි ද සිල්වා on Thu Aug 11, 2016 9:33 am

Good idea but there should be a clear filtering systems to avoid unwanted ones here. Very Happy
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කිත්සිරි ද සිල්වා
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Re: $ 300,000 deposit gets 10-year residency visa

Post by StopLoss on Thu Aug 11, 2016 10:09 am

For comparison, the Malaysia My Second Home program, http://www.mm2h.com/mm2h-requirements-terms-and-conditions.php

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