Foreiners can get visa up to 10 years in Sri Lanka after buying a luxurious house
Currently, condominium development projects have been identified as one of the fastest-growing industries in Sri Lanka. For the growth of this industry, a program to provide long-term visas for foreigners who purchase these luxury houses was introduced at the Sri Lanka Investment Board Auditorium. The approval of the Cabinet has also been received for the implementation of these measures to provide long-term visas in accordance with a long-standing request from the government and the Sri Lanka Investment Board by the builders of condominium units (luxury apartments) and the buyers of those houses. By providing long-term visas, it is expected that more foreign direct investment will flow into the country, as well as encouraging investors in the development of luxury apartments and foreigners buying those houses. There are about 30,000 luxury apartments in Sri Lanka, of which about 5,000 are under Sri Lanka Board of Investment projects. The issuance of these long-term visas for all these projects will be implemented according to this program. This will expand the opportunities for foreigners from any country to buy and invest in condominiums in this country. Under the new scheme, visas are issued in categories of 5 and 10 years. 10-year visa rights are available to owners who purchase condominiums in an urban area with an investment of US$ 2 lakh. 5-year visas are available to those who buy houses worth USD 1,50,000 in an urban area. Also, the 5-year license is available to a maximum of 4 directors and their family members of companies that purchase housing units valued at 5 lakh USD. Investors from countries like China, India, Pakistan, Korea, Russia and Iran have invested heavily in this field. Also, these projects will be implemented in Galle, Kandy, Nuwara Eliya, Kurunegala and Ambalangoda areas outside the capital. Registration of Condominium Housing Project Companies under the Department of Immigration was done today and this program is carried out jointly by the Sri Lanka Board of Investments, the Department of Immigration and the Ministry of State Security.
An attack to Consulate General of India office in Jaffna Sri Lanka
According to Jaffna Police, two people have been arrested in connection with a bottle attack at the entrance gate of the Consulate General of India located on Marutadi Road, Jaffna. Jaffna police was informed by the security officer after the bottle attack was hit by a vehicle driving on the Marutadi road in front of the consulate general’s office where the entrance gate was installed. Later, the Jaffna police officers came to the consulate general office and searched and found the broken bottle near the entrance and the persons involved in the attack were searched with the help of CCTV footage. Later, the police took steps to arrest two persons residing in the Jaffna district on suspicion of the related attack and questioned the suspects regarding the related attack. Jaffna police said that according to the information received from the suspects, they accidentally threw the bottle of alcohol while traveling in the vehicle and there is no information that it was a deliberate attack on the Indian Consulate General office. However, the Jaffna Police, who are conducting investigations, added that the law will be implemented against the suspects who were arrested for drinking and indecent behavior in a public place.
Political crisis in Sri Lanka-Sri Lankan police are going to question former president Gotabhaya.. an allegation of bribery
The court has ordered the police to get a statement from former President Gotabhaya Rajapaksa. This order has been issued about the discovery of 178 lakhs by the activists in the President’s House. This order has been issued after considering a request before the court that this money was found in the former president’s bedroom and whether it was bribe money or received for some other matter. Mr Gotabhaya Rajapaksa’s former president went to the house to get the relevant statement
President Ranil meets the head of the IMF
A meeting has taken place between President Ranil Wickremesinghe and the head of the International Monetary Fund, Kristalina Georgieva. The meeting took place during the COP 27 climate conference in Egypt. Mr. Ruwan Wijewardena said in a tweet that there was a successful discussion regarding debt management. Ghana’s Finance Minister Hon Ken Ofori Atta and Maldives Speaker Mohamed Nasheed were also present at the event.