Condominium Investment Visa
Sri Lanka's Condominium Investment Visa is a long-term residence visa that enables foreign nationals to obtain residency through the purchase of approved condominium properties. Launched in May 2023 by the Board of Investment of Sri Lanka (BOI) in collaboration with the Department of Immigration, the program offers the lowest entry point among Sri Lanka's investor visa options at USD 75,000 for a suburban property. It covers both completed units and under-construction or off-plan developments registered with the Condominium Management Authority.
- Purchase of an approved condominium property registered with the Condominium Management Authority (CMA)
- Investment deposited in an Inward Investment Account (IIA) at a licensed commercial bank
- Police clearance certificate from home country
- Medical clearance from an authorized local hospital (free of malaria, filariasis, tuberculosis, and HIV/AIDS)
- Valid passport
- Individual -- Suburban: USD 75,000 minimum, 5-year extendable visa
- Individual -- Urban: USD 150,000 minimum, 5-year extendable visa
- Individual -- Urban (10-year): USD 200,000 minimum, 10-year non-extendable visa
- Corporate: USD 500,000 minimum (urban or suburban), 5-year non-extendable visa covering up to 4 directors with spouses and dependants
- Completed visa application form
- Evidence of deposit in an Inward Investment Account (IIA) via bank statement
- Letter from the developer confirming property purchase or purchase intention
- Valid passport
- Medical clearance report
- Police clearance certificate from home country
- Photographs (3.5 x 4.5 cm)
Individual suburban and urban 5-year visas are extendable. The individual 10-year urban visa (USD 200,000) is non-extendable. Corporate 5-year visas are non-extendable. The annual visa fee is USD 200 per person.
Individual investors may include their spouse and dependants under the same visa. Corporate investors may include up to 4 directors along with their spouses and dependants. Each person pays USD 200 per year. Standard documentation (marriage certificate, birth certificates, medical clearance, police clearance) is required for all dependants.
Applicants must first deposit the investment amount into an Inward Investment Account (IIA) in any foreign currency at a licensed commercial bank in Sri Lanka. A single bank statement showing the full amount is preferred. The applicant then obtains a letter from the condominium developer confirming the property purchase or purchase intention. With these documents, the visa application is submitted to the Department of Immigration and Emigration.
Processing time: Approximately 5 working days following ministerial review
Fee: USD 200 per year per person
Applications can be submitted online through the Department of Immigration portal or in person at the Department of Immigration and Emigration in Battaramulla.
Foreigners cannot purchase freehold land in Sri Lanka but may acquire condominium units. Only condominiums registered with the Condominium Management Authority and approved for foreign purchase are eligible. The distinction between "urban" and "suburban" areas affects the investment threshold and visa tier. Sri Lanka does not offer permanent residency, and there is no direct pathway to citizenship through this program. Standard overstay penalties apply: USD 250 for 7-14 days and USD 500 for overstays exceeding 14 days.
Other Visa Programs in Asia
Country↑ | Program↕ | Income↕ | Investment↕ | Funds Required↕ | Capital Required↕ | Duration↕ | Dependants↕ | Citizenship↕ | Compare | |
|---|---|---|---|---|---|---|---|---|---|---|
🇦🇿 Azerbaijan | Highly Skilled Migrant Programme | — | — | — | — | 3 years — 5 years | Yes | — | ||
🇦🇿 Azerbaijan | Investor Temporary Residence Permit | — | AZN 100,000 one-time | — | — | 1 year — 3 years | Yes | Yes (5yr) | ||
🇧🇭 Bahrain | Golden Residency Visa for Property Owners | — | BHD 130,000 one-time | — | — | 10 years | Yes | No | ||
🇧🇭 Bahrain | Golden Residency Visa for Talented Individuals | — | — | — | — | 10 years | Yes | No | ||
🇧🇭 Bahrain | Self-Sponsorship Residence Permit (Investor) | — | BHD 100,000 one-time | — | — | 2 years — 10 years | Yes | Yes | ||
🇧🇭 Bahrain | Self-Sponsorship Residence Permit (Property Owner) | — | BHD 50,000 one-time | — | — | 2 years — 10 years | Yes | Yes | ||
🇧🇭 Bahrain | Self-Sponsorship Residence Permit (Retired Foreigner) | BHD 500 / month | — | — | — | 2 years — 10 years | Yes | Yes | ||
🇧🇩 Bangladesh | Investor Visa | — | $75,000 one-time | — | — | 1 year — 5 years | Yes | Yes (5yr) | ||
🇧🇹 Bhutan | Digital Nomad Residence Programme | No minimum income thresho... | — | — | — | 1 year — 2 years | No | — | ||
🇧🇹 Bhutan | Investor Card | — | BTN 15,000,000 one-time | — | — | 3 years | Yes | Yes (20yr) | ||
🇰🇭 Cambodia | Cambodia My 2nd Home (CM2H) | — | $100,000 one-time | — | — | 10 years | Yes | Yes (5yr) | ||
🇰🇭 Cambodia | Retirement Visa (ER Extension of Stay) | $1,500 / month | — | — | — | 1 month — 1 year | No | Yes | ||
🇨🇳 China | Permanent Residence Permit (Investment Category) | — | $500,000 one-time | — | — | Permanent | Yes | Yes | ||
🇨🇳 China | Private Affairs Residence Permit (Entrepreneurship) | — | — | — | CN¥50,000 one-time | 1 year — 5 years | Yes | — | ||
🇬🇪 Georgia | Investment Residence Permit | — | $300,000 one-time | — | — | 5 years | Yes | Yes (10yr) | ||
🇬🇪 Georgia | IT Residence Permit | $25,000 / year | — | — | — | 3 years | Yes | Yes (10yr) | ||
🇬🇪 Georgia | Remotely from Georgia | $2,000 / month | — | — | — | 6 months — 1 year | Yes | — | ||
🇬🇪 Georgia | Short-Term Residence Permit (Property Ownership) | — | $150,000 one-time | — | — | 1 year | Yes | Yes | ||
🇭🇰 Hong Kong | Entry for Investment as Entrepreneurs | — | — | — | No fixed minimum; must de... | 3 years | Yes | — | ||
🇭🇰 Hong Kong | New Capital Investment Entrant Scheme | — | HK$30,000,000 one-time | — | — | 2 years — Permanent | Yes | — | ||
🇭🇰 Hong Kong | Quality Migrant Admission Scheme | — | — | — | — | 3 years — 8 years | Yes | — | ||
🇭🇰 Hong Kong | Top Talent Pass Scheme | HK$2,500,000 / year | — | — | — | 2 years — 3 years | Yes | — | ||
🇮🇳 India | Permanent Residency Status for Foreign Investors | — | ₹100,000,000 one-time | — | — | 10 years — 20 years | Yes | Yes | ||
🇮🇩 Indonesia | Golden Visa (Global Talent) | $2,000 / month | — | — | — | 5 years — 10 years | Yes | No | ||
🇮🇩 Indonesia | Golden Visa (Investor) | — | $350,000 one-time | — | — | 5 years — 10 years | Yes | Yes | ||
🇮🇩 Indonesia | Remote Worker KITAS | $60,000 / year | — | — | — | 1 year — 2 years | Yes | Yes | ||
🇮🇩 Indonesia | Retirement KITAS | $1,500 / month | — | — | — | 1 year — 5 years | Yes | Yes (5yr) | ||
🇮🇩 Indonesia | Silver Hair Visa | $3,000 / month | — | — | — | 5 years — 10 years | Yes | — | ||
🇮🇷 Iran | Investor Residence Permit | — | €100,000 one-time | — | — | 2 years — 5 years | Yes | Yes | ||
🇮🇷 Iran | Special Residence Permit for Non-Iranian Elites | — | — | — | — | 1 year — 5 years | Yes | Yes | ||
🇮🇶 Iraq | Investment Residency | — | No fixed minimum investme... | — | — | 1 year | No | Yes | ||
🇮🇱 Israel | B/5 Investor Visa | — | $220,000 one-time | — | — | 2 years | Yes | — | ||
🇮🇱 Israel | Innovation Visa for Foreign Entrepreneurs | — | — | — | No minimum capital requir... | 1 year — 2 years | Yes | — | ||
🇯🇵 Japan | Business Manager Visa | — | — | — | ¥30,000,000 one-time | 6 months — 5 years | Yes | Yes | ||
🇯🇵 Japan | Designated Activities (Long Stay for Sightseeing and Recreation) | ¥30,000,000 one-time | — | — | — | 6 months — 1 year | Yes | No | ||
🇯🇵 Japan | Digital Nomad Visa | ¥10,000,000 / year | — | — | — | 6 months | Yes | No | ||
🇯🇵 Japan | Future Creation Individual Visa (J-Find) | — | — | — | — | 6 months — 2 years | Yes | — | ||
🇯🇵 Japan | Startup Visa | — | — | — | No fixed minimum capital ... | 1 year — 2 years | No | — | ||
🇯🇴 Jordan | Annual Residence Permit Based on Bank Deposit | JOD 10,000 one-time | — | — | — | 1 year — 5 years | Yes | Yes | ||
🇯🇴 Jordan | Citizenship by Investment | — | JOD 500,000 one-time | — | — | 3 years — Permanent | Yes | Yes (3yr) | ||
🇯🇴 Jordan | Residency by Investment | — | JOD 200,000 one-time | — | — | 5 years | Yes | Yes | ||
🇰🇿 Kazakhstan | A6 Investor Visa (Golden Visa) | — | $300,000 one-time | — | — | 10 years | Yes | Yes (5yr) | ||
🇰🇿 Kazakhstan | C5 Business Immigrant Visa | — | — | — | No minimum capital for sm... | 90 days — 2 years | Yes | Yes (5yr) | ||
🇰🇿 Kazakhstan | Digital Nomad Residency | No minimum income require... | — | — | — | 1 year — 10 years | No | — | ||
🇰🇿 Kazakhstan | Neo Nomad Visa | $3,000 / month | — | — | — | 1 year — 2 years | Yes | — | ||
🇰🇿 Kazakhstan | Permanent Residence Visa for In-Demand Professions | — | — | — | — | 90 days — 10 years | Yes | Yes | ||
🇰🇼 Kuwait | Investor Residency Permit | — | No fixed minimum — KDIPA ... | — | — | 5 years — 15 years | Yes | Yes | ||
🇰🇬 Kyrgyzstan | Digital Nomad Status | No fixed minimum income t... | — | — | — | 60 days — 10 years | Yes | Yes | ||
🇰🇬 Kyrgyzstan | Investment Visa | — | KGS 10,000,000 one-time | — | — | 5 years — 10 years | Yes | — | ||
🇱🇦 Laos | Investor Visa (NI-B2) | — | No universal fixed minimu... | — | — | 3 months — 5 years | Yes | Yes | ||
🇱🇧 Lebanon | Annual Residence Permit (Cash Bond Deposit) | Cash bond of 1,500,000,00... | — | — | — | 1 year | Yes | Yes (5yr) | ||
🇱🇧 Lebanon | Permanent Residence Permit (Financial Independence) | Cash guarantee of 4,500,0... | — | — | — | 3 years | Yes | Yes (5yr) | ||
🇲🇴 Macau | Major Investment Temporary Residency | — | No fixed statutory minimu... | — | — | 18 months — 3 years | Yes | — | ||
🇲🇴 Macau | Talent Recruitment Residence Permit | — | — | — | — | 3 years — 5 years | Yes | — | ||
🇲🇾 Malaysia | DE Rantau Nomad Pass | $2,000 / month | — | — | — | 3 months — 2 years | Yes | No | ||
🇲🇾 Malaysia | Malaysia My Second Home (MM2H) | — | MYR 675,000 one-time | — | — | 5 years — 20 years | Yes | No | ||
🇲🇾 Malaysia | Malaysia Tech Entrepreneur Programme (MTEP) | — | — | — | MYR 50,000 one-time | 1 year — 5 years | Yes | — | ||
🇲🇾 Malaysia | Premium Visa Programme (PVIP) | — | MYR 1,000,000 one-time | — | — | 20 years | Yes | — | ||
🇲🇾 Malaysia | Residence Pass-Talent (RP-T) | MYR 15,000 / month | — | — | — | 10 years | Yes | — | ||
🇲🇻 Maldives | Corporate Resident Visa | — | $250,000 one-time | — | — | 5 years | Yes | No | ||
🇲🇳 Mongolia | Investor Visa | — | $100,000 one-time | — | — | 1 year — 3 years | Yes | Yes (5yr) | ||
🇳🇵 Nepal | Residential Visa for Investors | — | $100,000 one-time | — | — | 1 year | Yes | Yes | ||
🇳🇵 Nepal | Residential Visa for Persons of Exceptional Merit | — | — | — | — | 1 year | Yes | No | ||
🇳🇵 Nepal | Residential Visa for Retirees | $20,000 / year | — | — | — | 1 year | Yes | No | ||
🇴🇲 Oman | Golden Residency Program | — | OMR 250,000 one-time | — | — | 5 years — 10 years | Yes | Yes | ||
🇴🇲 Oman | Retiree Residence Card | OMR 4,000 / month | — | — | — | 5 years | Yes | Yes | ||
🇵🇰 Pakistan | Business-Investor Visa | — | $50,000 one-time | — | — | 1 year — 5 years | Yes | Yes | ||
🇵🇰 Pakistan | Long-Term Residency (LTR) | — | $50,000 one-time | — | — | 5 years — 10 years | Yes | No | ||
🇵🇭 Philippines | Digital Nomad Visa | $2,000 / month | — | — | — | 1 year — 2 years | No | — | ||
🇵🇭 Philippines | Special Investor's Resident Visa (SIRV) | — | $75,000 one-time | — | — | Permanent | Yes | Yes (10yr) | ||
🇵🇭 Philippines | Special Resident Retiree's Visa (SRRV) | $800 / month | — | — | — | Permanent | Yes | Yes | ||
🇶🇦 Qatar | Mustaqel Visa (Entrepreneur) | — | — | — | QAR 250,000 one-time | 5 years | Yes | — | ||
🇶🇦 Qatar | Mustaqel Visa (Talent) | — | — | — | — | 5 years | Yes | — | ||
🇶🇦 Qatar | Real Estate Investment Residency | — | QAR 730,000 one-time | — | — | 1 year — 5 years | Yes | Yes | ||
🇸🇦 Saudi Arabia | Entrepreneur Residency | — | — | — | SAR 400,000 one-time | 5 years — Permanent | Yes | No | ||
🇸🇦 Saudi Arabia | Gifted Premium Residency | — | — | — | — | 5 years | Yes | Yes | ||
🇸🇦 Saudi Arabia | Investor Residency | — | SAR 7,000,000 one-time | — | — | Permanent | Yes | Yes | ||
🇸🇦 Saudi Arabia | Real Estate Owner Residency | — | SAR 4,000,000 one-time | — | — | 1 year | Yes | Yes | ||
🇸🇬 Singapore | EntrePass (Entrepreneur Pass) | — | — | — | SGD 100,000 one-time | 1 year — 2 years | Yes | — | ||
🇸🇬 Singapore | Global Investor Programme (GIP) | — | SGD 10,000,000 one-time | — | — | Permanent | Yes | Yes (2yr) | ||
🇸🇬 Singapore | Overseas Networks & Expertise Pass (ONE Pass) | SGD 30,000 / month | — | — | — | 5 years | Yes | — | ||
🇸🇬 Singapore | Tech.Pass | SGD 22,500 / month | — | — | — | 2 years — 4 years | Yes | — | ||
🇰🇷 South Korea | D-10 Job Seeker Visa | — | — | Must demonstrate sufficie... | — | 6 months — 1 year | No | — | ||
🇰🇷 South Korea | Immigrant Investor Scheme for Public Business | — | ₩1,500,000,000 one-time | — | — | 2 years — Permanent | Yes | — | ||
🇰🇷 South Korea | Permanent Residence for Overseas Pension Beneficiaries | $6,083 / month | — | — | — | Permanent | Yes | Yes | ||
🇰🇷 South Korea | Technology Startup Visa | — | — | — | No fixed minimum capital ... | 1 year — 2 years | Yes | — | ||
🇰🇷 South Korea | Tourism and Leisure Facility Investment Immigration | — | ₩1,000,000,000 one-time | — | — | 2 years — Permanent | Yes | — | ||
🇰🇷 South Korea | Workation (Digital Nomad) Visa | $6,083 / month | — | — | — | 1 year — 2 years | Yes | No | ||
🇱🇰 Sri Lanka | Colombo Port City Investor Visa | — | $100,000 one-time | — | — | 5 years — 10 years | Yes | No | ||
🇱🇰 Sri Lanka | Condominium Investment Visa | — | $75,000 one-time | — | — | 5 years — 10 years | Yes | No | ||
🇱🇰 Sri Lanka | Digital Nomad Visa | $2,000 / month | — | — | — | 1 year | Yes | No | ||
🇱🇰 Sri Lanka | Golden Paradise Residence Visa | — | $100,000 one-time | — | — | 5 years — 10 years | Yes | No | ||
🇱🇰 Sri Lanka | Individual Investor Residence Visa | — | $100,000 one-time | — | — | 5 years — 10 years | Yes | No | ||
🇸🇾 Syria | Investment Residency Permit | — | No fixed minimum threshol... | — | — | 1 year — Permanent | Yes | Yes | ||
🇹🇼 Taiwan | Digital Nomad Visitor Visa | $40,000 / year | — | — | — | 6 months — 2 years | No | Yes | ||
🇹🇼 Taiwan | Employment Gold Card | — | — | — | — | 1 year — 3 years | Yes | Yes (3yr) | ||
🇹🇼 Taiwan | Entrepreneur Visa | — | — | — | NT$2,000,000 one-time | 2 years | Yes | — | ||
🇹🇼 Taiwan | Investor Resident Visa | — | $200,000 one-time | — | — | 1 year — 5 years | Yes | — | ||
🇹🇼 Taiwan | Plum Blossom Card (Investment APRC) | — | NT$15,000,000 one-time | — | — | Permanent | Yes | Yes | ||
🇹🇯 Tajikistan | Investor Visa (Category C) | — | $500,000 one-time | — | — | 2 years — 5 years | Yes | Yes | ||
🇹🇭 Thailand | Destination Thailand Visa (DTV) | THB 500,000 / funds | — | — | — | 180 days — 5 years | Yes | No | ||
🇹🇭 Thailand | Long-Term Resident Visa (Work-from-Thailand Professionals) | $80,000 / year | — | — | — | 5 years — 10 years | Yes | Yes | ||
🇹🇭 Thailand | LTR Visa (Wealthy Global Citizens) | — | $500,000 one-time | — | — | 5 years — 10 years | Yes | — | ||
🇹🇭 Thailand | LTR Visa (Wealthy Pensioners) | $80,000 / year | — | — | — | 5 years — 10 years | Yes | Yes | ||
🇹🇭 Thailand | Non-Immigrant Visa (Investment) | — | THB 10,000,000 one-time | — | — | 1 year | Yes | Yes | ||
🇹🇭 Thailand | Non-Immigrant Visa O-A (Long Stay) | THB 65,000 / month | — | — | — | 1 year | Yes | — | ||
🇹🇭 Thailand | Non-Immigrant Visa O-X (Long Stay 10 Years) | THB 3,000,000 one-time | — | — | — | 5 years — 10 years | Yes | — | ||
🇹🇭 Thailand | SMART Visa S (Startup) | — | — | — | THB 600,000 one-time | 6 months — 2 years | Yes | Yes | ||
🇹🇱 Timor-Leste | Business Visa Class II | — | — | — | No minimum capital thresh... | 6 months — 2 years | Yes | — | ||
🇹🇱 Timor-Leste | Investor Residence Authorization | — | $1,500,000 one-time | — | — | 2 years — Permanent | Yes | — | ||
🇹🇷 Turkey | Citizenship by Investment | — | $400,000 one-time | — | — | 5 years — Permanent | Yes | Yes | ||
🇹🇷 Turkey | Digital Nomad Visa | $3,000 / month | — | — | — | 1 year | Yes | — | ||
🇹🇷 Turkey | Short-Term Residence Permit (Tourism Purpose) | $1,200 / month | — | — | — | 6 months — 2 years | Yes | — | ||
🇹🇷 Turkey | Turkiye TechVisa (Startup) | — | — | — | — | 3 years | Yes | — | ||
🇹🇷 Turkey | Turquoise Card | — | — | — | — | 3 years — Permanent | Yes | Yes | ||
🇹🇲 Turkmenistan | Investor Residence Permit | — | $500,000 one-time | — | — | 5 years | Yes | Yes (7yr) | ||
🇦🇪 United Arab Emirates | Golden Visa (Entrepreneur) | — | — | — | AED 500,000 one-time | 5 years — 10 years | Yes | Yes | ||
🇦🇪 United Arab Emirates | Golden Visa (Investor) | — | AED 2,000,000 one-time | — | — | 5 years — 10 years | Yes | Yes | ||
🇦🇪 United Arab Emirates | Golden Visa (Talented Individuals) | — | — | — | — | 10 years | Yes | Yes | ||
🇦🇪 United Arab Emirates | Green Visa (Freelancer / Self-Employed) | AED 360,000 / year | — | — | — | 5 years | Yes | Yes | ||
🇦🇪 United Arab Emirates | Green Visa (Investor/Partner) | — | AED 1,000,000 one-time | — | — | 5 years | Yes | Yes | ||
🇦🇪 United Arab Emirates | Job Exploration Visa | — | — | Must prove sufficient fun... | — | 60 days | No | — | ||
🇦🇪 United Arab Emirates | Retirement Visa | AED 20,000 / month | — | — | — | 5 years | Yes | No | ||
🇦🇪 United Arab Emirates | Virtual Work Residence Permit | $3,500 / month | — | — | — | 1 year | Yes | No | ||
🇺🇿 Uzbekistan | Golden Visa | — | $250,000 one-time | — | — | 5 years | Yes | No | ||
🇺🇿 Uzbekistan | Investment Visa | — | $280,500 one-time | — | — | 3 years — Permanent | Yes | Yes (5yr) | ||
🇺🇿 Uzbekistan | IT Visa | $2,500 / month | — | — | — | 1 year — 3 years | Yes | — | ||
🇻🇳 Vietnam | Investor Visa (DT1-DT4) | — | ₫3,000,000,000 one-time | — | — | 1 year — 10 years | Yes | — | ||
🇻🇳 Vietnam | Special Visa Exemption Card | — | — | — | — | 5 years | No | Yes |