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Sri Lanka introduces new 10-year Golden Paradise Residence Visa for investors
The Sri Lankan Government recently introduced the Golden Paradise Residence Visa for qualifying foreign nationals who make investments in Sri Lanka and their dependents. The visa confers authorization to work and study in Sri Lanka, is valid for up to 10 years and requires visa holders to deposit at least US$100,000 in a Sri Lankan bank account.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.