Sri Lanka To Issue Long-Term Visas For Tourists Interested In Investing

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The Sri Lankan cabinet accepted a plan on Tuesday to offer long-term visas to tourists who are interested in investing in the island nation.

According to the Xinhua news agency, Minister of Youth and Sports Namal Rajapaksa stated in a statement that the idea was submitted by President Gotabaya Rajapaksa and approved by the cabinet.

Also Read: Sri Lanka Resume Facility of On Arrival ETA For Tourists: Details Here

According to Namal Rajapaksa, Long-term visas for interested investors, will not only significantly increase Foreign Direct Investment (FDI), but will also encourage more professionals and specialists to invest, work, and live in Sri Lanka.

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The Board of Investment (BOI), Sri Lanka’s state-owned investment agency, announced this week that the country aims to attract $3 billion in FDI by 2026 and that the BOI has finalized a strategic plan for the period 2022 to 2026.

According to the BOI’s proposal, new investments will increase export earnings to $15 billion by 2026, creating more than 100,000 jobs in the country.

Also Read: Sri Lanka Issues New Travel Guidelines And Requirements For International Arrivals


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