In response to the economic crisis that the country experiencing and the resulting financial crisis, the Sri Lankan government announced that they are now selling visas for long-term stay to foreigners at a minimum of $100,000. They will be able to work and live in Sri Lanka for 10 years. It is expected that the Golden Paradise Visa Program is anticipated to provide the desperately needed foreign currency. It also provides to get a five-year Visa for any foreigner who can afford at least $75,000 for an apartment within Sri Lanka.
It was announced the Sri Lankan government announced that they will be selling long-term visas to foreigners at the minimum amount of $100,000.
The epidemic had put Sri Lanka in a difficult situation, as international tourism was put on hold. This caused an economic crisis that was so severe that the entire country was faced with severe shortages of essentials like fuel, food, and medications.
According to the tourism officials of Sri Lanka, The country is slowly getting back on track towards recovery. The political instability is beginning to show signs of calm as the political parties are beginning to agree on a plan. Also, there has been an incredible improvement in the country’s fuel crisis. The lines at fuel stations are shrinking and the power supply is slowing getting back to normal as supermarkets are filling up again, and various other products and services are returning to normal.
The launch of the Golden Paradise Visa Programme is anticipated to accelerate the improvement in the financial position of the country.
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