Sri Lanka would issue a temporary resident visa to foreigners who would be investing over US $300,000 in the country, the finance minister, Ravi Karunanayake was quoted by the Daily Mirror as saying.
The decision comes following a proposal in the 2016 Budget which said that visas would be granted to foreign investers who were bringing a significant amount of foreign exchange.
We need your support
Sri Lanka is one of the most dangerous places in the world to be a journalist. Tamil journalists are particularly at threat, with at least 41 media workers known to have been killed by the Sri Lankan state or its paramilitaries during and after the armed conflict.
Despite the risks, our team on the ground remain committed to providing detailed and accurate reporting of developments in the Tamil homeland, across the island and around the world, as well as providing expert analysis and insight from the Tamil point of view
We need your support in keeping our journalism going. Support our work today.
For more ways to donate visit https://donate.tamilguardian.com.
