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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Foreigners who invest over USD 300,000 to get 2 to 5 year visa

Foreigners who invest over USD 300,000 to get 2 to 5 year visa

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PrasannaMani

PrasannaMani
Manager - Equity Analytics
Manager - Equity Analytics
Foreigners who invest over USD 300,000 to get 2 to 5 year visa



Two to five year Resident Visa will be issued for foreigners who invest minimum of USD 300,000 individually in Sri Lanka, Finance Minister Ravi Karunanayake said.

The Minister made the observation while speaking at a press conference held on Thursday

- See more at: http://www.adaderana.lk/news/38598/foreigners-who-invest-over-usd-300000-to-get-2-to-5-year-visa#sthash.7bU7e3m0.dpuf

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Such proposals clearly reveal that dire need of foreign currency into country.
All attempts to repay foreign debt & debt servicing cost?

Teller

Teller
Moderator
Moderator
Many countries are using same technique to attract foreign currencies. As example Cyprus, etc...


_________________




Teller said is said..

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Beggars will ride on Ravi's resident visas: Wijeyadasa Rajapaksa MP

The finance minister has no right to take arbitrary decisions. Not even the President knows about this.  

We would have opposed such a proposal if it was submitted to the Cabinet,” the justice minister said.  


US$300,000 was equivalent to Rs.45 million which is the amount spent to buy a luxury vehicle or just two perches of land in Colombo.
“Providing privileges to foreigners who invest US$300,000 is absurd.

We could encourage local investors, who are capable of investing Rs.45 million, instead. We have plenty of such investors in the country,” the justice minister said.

- See more at: http://www.dailymirror.lk/article/Beggars-will-ride-on-Ravi-s-resident-visas-Wijeyadasa-122139.html#sthash.QrCcw5AW.dpuf

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
It would be a commendable thinking/approach if the amount per individual is ascertained over US$1m.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Can anyone produce the actual values in US$ of incoming foreign investment & exodus in 2016?

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