Sri Lanka has now approved a proposal to issue long-term visas to tourists who want to invest in the country. The proposal was approved by the cabinet, according to Namal Rajapaksa, Minister of Youth and Sports, and it should lead to an increase in Foreign Direct Investment (FDI).
The proposal for long-term visas is also likely to encourage professionals and experts to work and invest in Sri Lanka. Sri Lanka, a country rich in natural beauty, is one of the best places to visit in Asia. It makes an enticing first impression with some of the best beaches in the world.
According to the state-owned investment agency, The Board of Investment, Sri Lanka aims to attract USD 3 billion in FDI by 2026. (BOI). For the same, a strategic plan has been developed for the years 2022 to 2026. This should also result in the creation of more than 100,000 new jobs in the country.
Sri Lanka is currently open for tourism; however, foreign visitors must have health insurance, a visa, and a negative COVID 19 test report that is no more than 72 hours old. This is an excellent opportunity for anyone who wishes to visit the country and discover its many wonders. It is a romantic adventure unlike any other, with pristine beaches and tea plantations.