The government will introduce a new methodology of issuing long-term residence visas for foreigners.
Cabinet yesterdat granted approval for the proposals submitted by the President as the Minister of Defence.
Accordingly, long-term residence visas lasting from 5 to 10 years will be granted to foreigners and directors, their spouses and their dependents of foreign companies who invest at least USD 75,000 or more in condominium properties.
The government will also Implement a programme named “Golden Paradise Visa Programme” that enables issuance of residence visas for 10 years for the foreigners who deposit at lease USD 100,000 in a commercial bank recognized by the Central Bank of Sri Lanka.
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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