It is reported that President Gotabhaya Rajapaksa has approved the ‘Golden Paradise Program’ presented by businessman Dhammika Perera to the government to help Sri Lanka overcome the current foreign exchange crisis.
Accordingly, the President has instructed the Secretary to the President to make the necessary arrangements to implement this resolution within a week.
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.