Organisation : Department of Immigration & Emigration
Facility Name : My Dream Home Visa Programme
Applicable For : Senior Foreign Nationals
Applicable State/UT : Sri Lanka
Website : http://www.immigration.gov.lk/pages_e.php?id=19
What is a Dream Home Visa?
Visa under the Sri Lanka My Dream Home Programme. Sri Lanka welcomes senior foreign nationals who wish for a prolonged stay in Sri Lanka on Residence. Residence visa valid for 02 years which is renewable, will be granted. Luxurious furnished houses or flats are available on the tropical coastal belt, in the scenic central highlands and in the main cities. Endless outdoor health-giving opportunities for golf, tennis, physical training in gyms, marathon running, swimming, surfing, snorkelling, sea or fresh water fishing, bird-watching and observing nature in world class game reserves.
Related / Similar Facility : Sri Lanka Dual Citizenship Application Status
Eligibility Requirements For Dream Home Visa Scheme
1. Any foreign national over 55 years of age
2. Should remit US$15000 or the equivalent in an approved foreign currency and deposit them in a fixed deposit account in an approved any bank in Sri Lanka. And
3. A monthly remittance of US$ 1500 or the equivalent in an approved foreign currency for the principal applicant and US$ 750 or the equivalent in an approved foreign currency for each spouse and dependent child* for their upkeep (if accompanied by spouse/children) in a savings or current account in an approved any bank in Sri Lanka.
How To Apply For Dream Home Visa Scheme?
** The applications are accepted and processed only at the Department of Immigration Emigration in Colombo.
** Applicant will be notified the position of his/her application in writing within two weeks of the submission of application.
** Successful applicant will be issued (a) a Provisional Approval Letter to open up a fixed deposit Foreign Currency account and a savings account for US$ 1500 for living expenses and (b) instruction letter to the Operational Manager of the Bank
** Applicant should submit with the Bank Statement for fixed Deposit of US$15,000 and US$1500 for monthly remittance to the Competent Authority. Also US$ 750 for each dependent if applicable
** Residence visa is valid for two years, which is renewable, will be granted to the applicant and dependents.
** Application processing fee of US$ 150 for each applicant and dependent.
** Residence visa fee (USD 200 per year for each applicant, spouse and of dependent children over 16 years age.)
Documents Required For Dream Home Visa Scheme
** Residence Visa Form with 02-passport size colour photographs. Application is available at the Visa Division of the department of Immigration Emigration or down load from www.immigration.gov.lk
** A certified copy of Passport/ Travel document (All pages)
** A certified copy of latest Bank Statement / other related financial documents to indicate the financial capability to support stay in Sri Lanka
** Source of income (Pension / Superannuation) for monthly Remittance for US$1500 for principal applicant and US$750 for each dependent.
** Police clearance certificate not later than 06 months from the country of domicile
** Marriage certificate of claim Residence Visa for spouse.
Terms & Conditions On Dream Home Visa Scheme
** Applicants under this scheme may withdraw their entire fixed deposit anytime should they decide to terminate their stay in Sri Lanka.
** However, they must obtain prior approval from the Controller of Exchange in Sri Lanka through the Controller General of Immigration Emigration to withdraw funds. Interest gain from the fixed deposit can be withdrawn and spend for the applicants upkeep.
** Should possess a valid medical insurance policy, which is applicable in Sri Lanka.
** Should submit a police clearance certificate from the country of domicile. A police clearance certificate from Sri Lanka at the time of renewal of the residence visa
** Not involve in any type of criminal activities.
** Should not involve in any type of political activities in Sri Lanka and not participate in any activities that can be considered as sensitive to the local people and a threat to the security of the country
** No paid or unpaid employment while staying in Sri Lanka
** Applicants are bound by the rules and regulations of taxes of Sri Lanka and they are liable to pay relevant taxes.
** Every applicant is expected to submit with half-year bank statement related to the fixed deposit and savings account to the Controller (Visa) of the Department of Immigration Emigration.
** Should inform the Controller (Visa) of the Department of Immigration Emigration any changes in visa status, personal information is changed.