Sri Lanka
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.
Links
Other Digital Nomad Visas in Asia
Country↑ | Program↕ | Income↕ | Investment↕ | Funds Required↕ | Capital Required↕ | Duration↕ | Dependants↕ | |
|---|---|---|---|---|---|---|---|---|
🇦🇿 Azerbaijan | Highly Skilled Migrant Programme | — | — | — | — | |||
🇦🇿 Azerbaijan | Investor Temporary Residence Permit | — | — | — | ||||
🇧🇭 Bahrain | Golden Residency Visa for Property Owners | — | — | — | ||||
🇧🇭 Bahrain | Golden Residency Visa for Talented Individuals | — | — | — | — | |||
🇧🇭 Bahrain | Self-Sponsorship Residence Permit (Investor) | — | — | — | ||||
🇧🇭 Bahrain | Self-Sponsorship Residence Permit (Property Owner) | — | — | — | ||||
🇧🇭 Bahrain | Self-Sponsorship Residence Permit (Retired Foreigner) | — | — | — | ||||
🇧🇩 Bangladesh | Investor Visa | — | — | — | ||||
🇧🇹 Bhutan | Digital Nomad Residence Programme | — | — | — | ||||
🇧🇹 Bhutan | Investor Card | — | — | — | ||||
🇰🇭 Cambodia | Cambodia My 2nd Home (CM2H) | — | — | — | ||||
🇰🇭 Cambodia | Retirement Visa (ER Extension of Stay) | — | — | — | ||||
🇨🇳 China | Permanent Residence Permit (Investment Category) | — | — | — | ||||
🇨🇳 China | Private Affairs Residence Permit (Entrepreneurship) | — | — | — | ||||
🇬🇪 Georgia | Investment Residence Permit | — | — | — | ||||
🇬🇪 Georgia | IT Residence Permit | — | — | — | ||||
🇬🇪 Georgia | Remotely from Georgia | — | — | — | ||||
🇬🇪 Georgia | Short-Term Residence Permit (Property Ownership) | — | — | — | ||||
🇭🇰 Hong Kong | Entry for Investment as Entrepreneurs | — | — | — | ||||
🇭🇰 Hong Kong | New Capital Investment Entrant Scheme | — | — | — | ||||
🇭🇰 Hong Kong | Quality Migrant Admission Scheme | — | — | — | — | |||
🇭🇰 Hong Kong | Top Talent Pass Scheme | — | — | — | ||||
🇮🇳 India | Permanent Residency Status for Foreign Investors | — | — | — | ||||
🇮🇩 Indonesia | Golden Visa (Global Talent) | — | — | — | ||||
🇮🇩 Indonesia | Golden Visa (Investor) | — | — | — | ||||
🇮🇩 Indonesia | Remote Worker KITAS | — | — | — | ||||
🇮🇩 Indonesia | Retirement KITAS | — | — | — | ||||
🇮🇩 Indonesia | Silver Hair Visa | — | — | — | ||||
🇮🇷 Iran | Investor Residence Permit | — | — | — | ||||
🇮🇷 Iran | Special Residence Permit for Non-Iranian Elites | — | — | — | — | |||
🇮🇶 Iraq | Investment Residency | — | — | — | ||||
🇮🇱 Israel | B/5 Investor Visa | — | — | — | ||||
🇮🇱 Israel | Innovation Visa for Foreign Entrepreneurs | — | — | — | ||||
🇯🇵 Japan | Business Manager Visa | — | — | — | ||||
🇯🇵 Japan | Designated Activities (Long Stay for Sightseeing and Recreation) | — | — | — | ||||
🇯🇵 Japan | Digital Nomad Visa | — | — | — | ||||
🇯🇵 Japan | Future Creation Individual Visa (J-Find) | — | — | — | — | |||
🇯🇵 Japan | Startup Visa | — | — | — | ||||
🇯🇴 Jordan | Annual Residence Permit Based on Bank Deposit | — | — | — | ||||
🇯🇴 Jordan | Citizenship by Investment | — | — | — | ||||
🇯🇴 Jordan | Residency by Investment | — | — | — | ||||
🇰🇿 Kazakhstan | A6 Investor Visa (Golden Visa) | — | — | — | ||||
🇰🇿 Kazakhstan | C5 Business Immigrant Visa | — | — | — | ||||
🇰🇿 Kazakhstan | Digital Nomad Residency | — | — | — | ||||
🇰🇿 Kazakhstan | Neo Nomad Visa | — | — | — | ||||
🇰🇿 Kazakhstan | Permanent Residence Visa for In-Demand Professions | — | — | — | — | |||
🇰🇼 Kuwait | Investor Residency Permit | — | — | — | ||||
🇰🇬 Kyrgyzstan | Digital Nomad Status | — | — | — | ||||
🇰🇬 Kyrgyzstan | Investment Visa | — | — | — | ||||
🇱🇦 Laos | Investor Visa (NI-B2) | — | — | — | ||||
🇱🇧 Lebanon | Annual Residence Permit (Cash Bond Deposit) | — | — | — | ||||
🇱🇧 Lebanon | Permanent Residence Permit (Financial Independence) | — | — | — | ||||
🇲🇴 Macau | Major Investment Temporary Residency | — | — | — | ||||
🇲🇴 Macau | Talent Recruitment Residence Permit | — | — | — | — | |||
🇲🇾 Malaysia | DE Rantau Nomad Pass | — | — | — | ||||
🇲🇾 Malaysia | Malaysia My Second Home (MM2H) | — | — | — | ||||
🇲🇾 Malaysia | Malaysia Tech Entrepreneur Programme (MTEP) | — | — | — | ||||
🇲🇾 Malaysia | Premium Visa Programme (PVIP) | — | — | — | ||||
🇲🇾 Malaysia | Residence Pass-Talent (RP-T) | — | — | — | ||||
🇲🇻 Maldives | Corporate Resident Visa | — | — | — | ||||
🇲🇳 Mongolia | Investor Visa | — | — | — | ||||
🇳🇵 Nepal | Residential Visa for Investors | — | — | — | ||||
🇳🇵 Nepal | Residential Visa for Persons of Exceptional Merit | — | — | — | — | |||
🇳🇵 Nepal | Residential Visa for Retirees | — | — | — | ||||
🇴🇲 Oman | Golden Residency Program | — | — | — | ||||
🇴🇲 Oman | Retiree Residence Card | — | — | — | ||||
🇵🇰 Pakistan | Business-Investor Visa | — | — | — | ||||
🇵🇰 Pakistan | Long-Term Residency (LTR) | — | — | — | ||||
🇵🇭 Philippines | Digital Nomad Visa | — | — | — | ||||
🇵🇭 Philippines | Special Investor's Resident Visa (SIRV) | — | — | — | ||||
🇵🇭 Philippines | Special Resident Retiree's Visa (SRRV) | — | — | — | ||||
🇶🇦 Qatar | Mustaqel Visa (Entrepreneur) | — | — | — | ||||
🇶🇦 Qatar | Mustaqel Visa (Talent) | — | — | — | — | |||
🇶🇦 Qatar | Real Estate Investment Residency | — | — | — | ||||
🇸🇦 Saudi Arabia | Entrepreneur Residency | — | — | — | ||||
🇸🇦 Saudi Arabia | Gifted Premium Residency | — | — | — | — | |||
🇸🇦 Saudi Arabia | Investor Residency | — | — | — | ||||
🇸🇦 Saudi Arabia | Real Estate Owner Residency | — | — | — | ||||
🇸🇬 Singapore | EntrePass (Entrepreneur Pass) | — | — | — | ||||
🇸🇬 Singapore | Global Investor Programme (GIP) | — | — | — | ||||
🇸🇬 Singapore | Overseas Networks & Expertise Pass (ONE Pass) | — | — | — | ||||
🇸🇬 Singapore | Tech.Pass | — | — | — | ||||
🇰🇷 South Korea | D-10 Job Seeker Visa | — | — | — | ||||
🇰🇷 South Korea | Immigrant Investor Scheme for Public Business | — | — | — | ||||
🇰🇷 South Korea | Permanent Residence for Overseas Pension Beneficiaries | — | — | — | ||||
🇰🇷 South Korea | Technology Startup Visa | — | — | — | ||||
🇰🇷 South Korea | Tourism and Leisure Facility Investment Immigration | — | — | — | ||||
🇰🇷 South Korea | Workation (Digital Nomad) Visa | — | — | — | ||||
🇱🇰 Sri Lanka | Colombo Port City Investor Visa | — | — | — | ||||
🇱🇰 Sri Lanka | Condominium Investment Visa | — | — | — | ||||
🇱🇰 Sri Lanka | Digital Nomad Visa | — | — | — | ||||
🇱🇰 Sri Lanka | Golden Paradise Residence Visa | — | — | — | ||||
🇱🇰 Sri Lanka | Individual Investor Residence Visa | — | — | — | ||||
🇸🇾 Syria | Investment Residency Permit | — | — | — | ||||
🇹🇼 Taiwan | Digital Nomad Visitor Visa | — | — | — | ||||
🇹🇼 Taiwan | Employment Gold Card | — | — | — | — | |||
🇹🇼 Taiwan | Entrepreneur Visa | — | — | — | ||||
🇹🇼 Taiwan | Investor Resident Visa | — | — | — | ||||
🇹🇼 Taiwan | Plum Blossom Card (Investment APRC) | — | — | — | ||||
🇹🇯 Tajikistan | Investor Visa (Category C) | — | — | — | ||||
🇹🇭 Thailand | Destination Thailand Visa (DTV) | — | — | — | ||||
🇹🇭 Thailand | Long-Term Resident Visa (Work-from-Thailand Professionals) | — | — | — | ||||
🇹🇭 Thailand | LTR Visa (Wealthy Global Citizens) | — | — | — | ||||
🇹🇭 Thailand | LTR Visa (Wealthy Pensioners) | — | — | — | ||||
🇹🇭 Thailand | Non-Immigrant Visa (Investment) | — | — | — | ||||
🇹🇭 Thailand | Non-Immigrant Visa O-A (Long Stay) | — | — | — | ||||
🇹🇭 Thailand | Non-Immigrant Visa O-X (Long Stay 10 Years) | — | — | — | ||||
🇹🇭 Thailand | SMART Visa S (Startup) | — | — | — | ||||
🇹🇱 Timor-Leste | Business Visa Class II | — | — | — | ||||
🇹🇱 Timor-Leste | Investor Residence Authorization | — | — | — | ||||
🇹🇷 Turkey | Citizenship by Investment | — | — | — | ||||
🇹🇷 Turkey | Digital Nomad Visa | — | — | — | ||||
🇹🇷 Turkey | Short-Term Residence Permit (Tourism Purpose) | — | — | — | ||||
🇹🇷 Turkey | Turkiye TechVisa (Startup) | — | — | — | — | |||
🇹🇷 Turkey | Turquoise Card | — | — | — | — | |||
🇹🇲 Turkmenistan | Investor Residence Permit | — | — | — | ||||
🇦🇪 United Arab Emirates | Golden Visa (Entrepreneur) | — | — | — | ||||
🇦🇪 United Arab Emirates | Golden Visa (Investor) | — | — | — | ||||
🇦🇪 United Arab Emirates | Golden Visa (Talented Individuals) | — | — | — | — | |||
🇦🇪 United Arab Emirates | Green Visa (Freelancer / Self-Employed) | — | — | — | ||||
🇦🇪 United Arab Emirates | Green Visa (Investor/Partner) | — | — | — | ||||
🇦🇪 United Arab Emirates | Job Exploration Visa | — | — | — | ||||
🇦🇪 United Arab Emirates | Retirement Visa | — | — | — | ||||
🇦🇪 United Arab Emirates | Virtual Work Residence Permit | — | — | — | ||||
🇺🇿 Uzbekistan | Golden Visa | — | — | — | ||||
🇺🇿 Uzbekistan | Investment Visa | — | — | — | ||||
🇺🇿 Uzbekistan | IT Visa | — | — | — | ||||
🇻🇳 Vietnam | Investor Visa (DT1-DT4) | — | — | — | ||||
🇻🇳 Vietnam | Special Visa Exemption Card | — | — | — | — |