Sri Lanka introduces new investment, employment and resident visas for foreigners

Sri Lanka’s cabinet of ministers have granted the issuance of investment, employment and resident visas to foreigners at the Colombo Port City, cabinet spokesman Bandula Gunawardena said on Tuesday.

Gunawardena told a press conference that the proposal was tabled by Minister of Public Security Tiran Alles.

Gunawardena said the Colombo Port City Economic Commission, which was established to regulate the port city, recommended the issuance of the above-mentioned visa types.

The introduction of these visas were vital for the operation and the success of the Port City, he said.

Last week Sri Lanka also introduced a mobile app for the safety of tourists coming to the South Asian country, Minister of Tourism and Lands Harin Fernando said on Sunday.

Tourism, which is one of Sri Lanka’s leading foreign exchange earners, has suffered a setback due to the COVID-19 pandemic and the economic and political crises in the country.

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