Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Sri Lanka Golden Visa
Economy

Sri Lanka offers visas in exchange for investment

27.02.2023
2 min read

Sri Lanka launched its Golden Visa program

At the end of 2022, Sri Lanka launched a program to obtain citizenship in exchange for investment. Now everyone can get a visa to live in the country for 5 or 10 years. This requires the purchase of local housing. According to officials, the program is aimed primarily at increasing the purchase of condominiums and apartments.
The duration of the golden visa depends on the amount invested in the real estate sector. For example, if an investor buys an apartment for 75 thousand dollars, he can count on legal residence in the country for 5 years. In this case, the condominium in which the object is located must be located in the suburbs.
Investments of $150 thousand dollars, aimed at facilities in the city limits, also allow you to get a visa for 5 years. If, however, the applicant wants to get a permit for 10 years, then he needs to buy apartments in the city for $200 thousand dollars and more.
In addition to individuals, the investment program is also available for companies. In this case, the latter needs to buy apartments worth 500 thousand dollars to get a 5-year visa. There is no difference between urban areas and the suburbs.Sri LankaAccording to official statistics, there are about 30 thousand condominiums in Sri Lanka. Of these, about a thousand are owned by management companies, which amounts to about 7,750 apartments and condos. The rest are owned by private investors, both local and foreign, as well as a share of real estate owned by the state.
In central Colombo, housing sells in the range of $1,280 to $2,140 per square meter. Below is the price for apartments located in the suburbs: here, a square meter is 545-1922 dollars. In general, the cost of real estate in Sri Lanka is about equal to price tags in Georgia and Thailand.
At the same time, experts note that the real estate market in the country is developing steadily. The cost of housing is going up, the main reason for which is an increase in inflation. In addition, last April, the government of Sri Lanka declared default, resulting in the suspension of all payments on repayment of the country’s foreign debt. The economic crisis led to mass protests by the population, who demanded the resignation of the government.
It should be noted that the political situation in Sri Lanka is still unstable, so despite the attractive conditions of the Golden Visa, it is better to think carefully about whether to invest now in a country with a weak economy and protests among the population. In addition, global processes are also not conducive to impulse purchases, which may turn into losses instead of profits.

Tags: Economy
0
Previous Post Marcus Loew: creator of the Metro-Goldwyn-Mayer movie empire Next Post Boston Scientific acquired Apollo Endosurgery

You Might Also Like

The states of the Eastern Mediterranean
Economy
Eastern Mediterranean states established a gas organization
11.07.2021
German banks
Economy
German banks plan to revise rates for current accounts
17.07.2022
Russian gas supplies
Economy
Turkey reduces Russian gas supplies: reasons
06.06.2021
U.S. Mint
Economy
The U.S. Mint encourages people to pay more in cash
17.04.2021
China intends
Economy
China intends to reduce carbon emissions by 2060
16.06.2021
spike in unemployment in Europe
Economy
European Union expects a spike in unemployment
23.11.2021

Recent Posts

  • 1Erik Penser
    Erik Penser: the ups and downs of the Swedish businessman
    30.03.2023
  • 2Royal Dutch Shell logo
    Royal Dutch Shell: the history of the British-Dutch company
    29.03.2023
  • 3discount window features
    Discount window: peculiarities of lending from the Federal Reserve System
    28.03.2023
  • 4LG Energy Solution
    LG Energy Solution invests in battery production expansion
    27.03.2023
  • 5troubled crypto exchanges-2
    SEC to closely monitor troubled crypto exchanges
    26.03.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Microsoft CEO Satya Nadella: the way to success

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

Japanese Central Bank
Japan’s Central Bank widened the range of bond yields
31.03.2023
Erik Penser
Erik Penser: the ups and downs of the Swedish businessman
30.03.2023
Royal Dutch Shell logo
Royal Dutch Shell: the history of the British-Dutch company
29.03.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Microsoft CEO Satya Nadella: the way to success
  • Michael Bloomberg: businessman, politician, philanthropist
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics