It is reported that the Cabinet has approved the ‘Golden Paradise Program’, an excellent proposal made by businessman Dhammika Perera to the government to help Sri Lanka overcome the current foreign exchange crisis.
The proposal for the program was presented to President Gotabhaya Rajapaksa by Dhammika Perera at a recent business meeting and the President had directed that arrangements be made to implement it within a week.
Accordingly, the relevant cabinet paper was prepared last week and Minister Namal Rajapaksa presented it to the Cabinet meeting held yesterday (07).
Minister Namal Rajapaksa has also stated in a Twitter message that it has received cabinet approval.
This program is designed to issue long-term resident visas to foreigners in Sri Lanka and is intended to raise foreign exchange for the country through deposits obtained from them.
Accordingly, it was reported that many Sri Lankans living abroad are already ready to invest in infrastructure, including nursing homes, to facilitate such visitors.
Businessman Dhammika Perera has also told that he is ready to provide international publicity for the program, which is one of the key factors in attracting foreigners.
Dhammika Perera has suggested in his program that if a foreigner who wishes to obtain residency through this program, he/she must first open a bank account in Sri Lanka and deposit US $ 100,000 in it. After one year, the person can withdraw up to US $ 50,000 from that amount. And from the second year onwards he/she must maintain a balance of at least US $ 50,000 in the account for the entire duration of their stay in the country.
If 50,000 foreigners can be brought to Sri Lanka through the ‘Golden Paradise Program’, it will be possible to bring $ 5 billion through deposits of $ 100,000 per person which is a huge amount. Bringing in 50,000 foreigners for residency is not a difficult goal either.
He also proposes to issue 10-year visas to foreigners over a monthly income of more than US $ 2,000 and over 60 years of age.
Related News
