The Cabinet of Ministers granted approval for the proposals furnished by His Excellency the President as the Minister of Defense in relation to the issuance of long – term VISA subject to that methodology mentioned as follows.

 Depending on the amount of investment of United States Dollars, issuance of long – term residence VISA from 5 to 10 years for foreigners and directors, their spouses and their dependents of foreign companies who invest at least United States Dollars 75,000 or more than that in condominium properties.
 Implementation of a programme named “Golden Paradise VISA Programme” that enable issuance of residence VISA for 10 years for the foreigners who deposit at lease United States Dollars 100,000 in a commercial bank recognized by the Central Bank of Sri Lanka.