Sri Lanka, an island nation nestled in the Indian Ocean, is a captivating blend of rich history, vibrant culture, and breathtaking natural beauty. Known for its diverse landscapes, ancient temples, and warm hospitality, Sri Lanka is a destination that beckons travelers with its enchanting allure.
The Golden Paradise Visa is a special resident visa program introduced by the Sri Lankan government in 2022 to attract foreign investment and tourism to the country. The program is open to citizens of all countries recognized by Sri Lanka, and there are no restrictions on age, gender, or marital status.
- The right to live and work in Sri Lanka
- The right to own property
- The right to access education and healthcare
- The right to apply for a Sri Lankan passport after 5 years of residence
- To open a Golden Paradise Foreign Currency Account (GPFCA), you are required to deposit a minimum of USD 200,000 into a local bank that holds a license issued by the Central Bank of Sri Lanka. After the first year from the date of visa issuance, you may withdraw up to 50% of this initial investment.
- You must provide documentation confirming the deposit of funds.
- A police clearance report from your country of residence obtained within the past six months is mandatory.
- A medical report from a recognized local hospital is required, confirming that all applicants are free from Malaria, Filariasis, Tuberculosis, and HIV/AIDS.
- Include a copy of the Bio Data Page from your passport.
- If you are applying for a visa for your spouse and dependents, you will need to provide a Marriage Certificate, police clearance reports from their respective countries of residence, and birth certificates for your dependents.
- Complete the Residence Visa application and the Personal Particular Form, which can be downloaded from the provided links.
Types of Investments and Fees
Applicants must invest at least USD 500,000 in one of the following areas:
- Government approved investment: This type of investment is the most flexible, as there are a wide range of government approved investments to choose from. However, it is important to do your research and choose an investment that is right for you.
- Condominium property: Investing in a condominium property is a popular option for many Golden Paradise Visa applicants. This type of investment is relatively low-maintenance and can be a good source of rental income.
- Land or building on lease basis: Leasing land or a building can be a good option for businesses that need to operate in Sri Lanka for a period of time. However, it is important to note that the lease agreement must be for a period of at least 10 years in order to be eligible for the Golden Paradise Visa.
- Sri Lanka Development bonds: Sri Lanka Development bonds are a low-risk investment option that is backed by the government of Sri Lanka. However, the returns on Sri Lanka Development bonds are relatively low.
|Annual visa fee||US$1,000|
|Dependent visa fee||US$500 per dependent|
What are the benefits of participating in the Golden Paradise Visa Landing program?
The Golden Paradise Visa Landing program offers a number of benefits, including the right to live and work in Sri Lanka, the right to own property, the right to access education and healthcare, and the right to apply for a Sri Lankan passport after 5 years of residence.
What are the investment requirements for the Golden Paradise Visa Landing program?
Applicants must invest at least USD 500,000 in one of the following areas: real estate, government bonds, treasury bills, or approved business ventures.
How long does it take to process the Golden Paradise Visa Landing application?
The processing time for Golden Paradise Visa Landing applications typically takes 2-3 months.
Can I bring my family with me to Sri Lanka under the Golden Paradise Visa Landing program?
Yes, you can bring your family with you to Sri Lanka under the Golden Paradise Visa Landing program. Dependent visas are available for spouses and children under the age of 18.
Do I have to live in Sri Lanka full-time under the Golden Paradise Visa Landing program?
No, there is no minimum stay requirement for Golden Paradise Visa Landing visa holders. You can come and go from Sri Lanka as you please.
How do I apply for the Golden Paradise Visa Landing program?
To apply for the Golden Paradise Visa Landing program, you must submit an application form, along with all of the required supporting documentation. You can find more information on the Sri Lanka Immigration website.
Make Sri Lanka your second home
GDP (per capita):
GDP (purchasing power parity):
CAPITAL CITY: Sri Jayawardenapura Kotte
TIME ZONE: UTC+5:30 (Sri Lanka Standard Time – SLST)
TOTAL AREA: 65,610 square kilometers
LANGUAGES: Sinhala, Tamil, English (all official)
CURRENCY: Sri Lankan rupee (LKR)
MAIN INDUSTRY: Agriculture, tourism, textiles, garments, food processing
SCHENGEN/ EU: Sri Lanka is not a member of the Schengen Area or the European Union
- Natural Beauty: Sri Lanka offers stunning natural landscapes, from beaches to mountains, providing abundant outdoor recreation opportunities.
- Affordable Cost of Living: Sri Lanka is known for its low cost of living, making it an economical place to live and enjoy a comfortable lifestyle.
- Cultural Richness: Sri Lanka boasts a rich cultural heritage with diverse traditions and historical sites, offering residents a unique and vibrant way of life to explore.
The materials contained in this page are provided for general information purposes only and are not intended to provide legal or other professional advice. Processing times and costs will vary depending on a number of factors. CitizenMatch is not responsible for any changes to the time and cost estimates; we can provide specific information on an individual basis. All rights reserved.