text
Retirement Visa
About Retirement Visa

Sri Lanka my Dream Home Program is promoted by the Government of Sri Lanka to allow people from all over the world who fulfill certain criteria, to retire in Sri Lanka. It allows retiree to live in the country under long term resident visa and visa is issued in two year blocks.

 

It is open to citizens of countries recognized by Sri Lanka regardless of race, religion or gender. This program allows applicants to bring with them their spouses, and children who are unmarried and below the age of 18. It is the perfect visa for foreign citizens to enjoy long-term stay in Sri Lanka. Sri Lanka my Dream Home Program is initiated, organized and launched by the Sri Lankan Government and is thus one that the Government will continuously seek to improve, to ensure its success and committed to making your life in Sri Lanka an enjoyable one.

Eligibility

  • Foreign national over 55 years of age
  • Should remit and deposit US$15000 or the equivalent in an approved foreign currency in a fixed deposit account in an approved any bank in Sri Lanka.
  • Monthly remittance of US$ 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 in a savings or current account in an approved any bank in Sri Lanka. *under 18 years and unmarried
Application Procedure

The applications are processed only at the Department of Immigration Emigration in Colombo.

  • Foreign national planning to apply retirement visa may enter the country by applying 30 day tourist visa through ETA (online visa)
  • After arrival, an application can be launched at the Department of Immigration who will be notify the applicant its decision in writing within two weeks of the submission of the application
  • Successful applicant will be issued a Provisional Visa Approval Letter to open up a fixed deposit Foreign Currency account in a bank of his/her choice in Sri Lanka and instruction letter to the Bank
  • Applicant should remit the amount to bank and submit Department of Immigration the Bank Statement confirming the remit tance of US$15,000 and US$1500 for monthly remittance.
  • Department of Immigration issues residence visa is valid for two years, which is renewable, will be granted to the applicant and dependents.
Document Requirement

  • Residence Visa Form with 02-passport size photographs.
  • A certified copy of Passport/ Travel document (All pages)
  • A certified copy of latest Bank Statement / other related financial documents to confirm 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 if applicable. (Applicant should inform the Controller (Visa) of the Department of Immigration and Emigration any changes in visa status and personal information)
Terms And Conditions Applicable For Retirement Visa

  • Applicant should possess a valid medical insurance policy, which is applicable in Sri Lanka.
  • 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 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 
  • Applicant should not involve in any type of political activities in Sri Lanka and not participate in any activities that can be consid ered 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 
  • Retirement visa holders are bound by the rules and regulations of taxes of Sri Lanka and they are liable to pay relevant taxes. 
  • 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. 
  • Applicant should inform the Controller (Visa) of the Department of Immigration Emigration any changes in visa status, personal information is changed.
Fee

Applicable government visa fee and tax for this visa type is Rs: 40,000.00 and 150.00 USD processing fee for each application.

How to Apply

Approval for entry visa can be applied at;

 

  • Department of Immigration and Emigration - Colombo. Click Here
  • Immigration Visitor Services Center in Colombo - Click Here

 

Immigration Visitor Services Center in Colombo

Your retirement visa can be applied more conveniently at our Immigration Visitor Services Center in Colombo or please call our helpdesk on +94 11 2 375 972 or email your request to info@immigrationlanka.com

 

Our specially trained dedicated team will be ready to assist you in every step in the application process including application preparation, advising on document requirement, fee calculation, submitting application to the Department of Immigration, collection and dispatch of entry visa approval to clients and finally to obtain the visa endorsement on the passport after arrival. For greater convenience of our clients, we also offer many other optional value added services including door to door services. 

 

Our service fee depends on each case and could only be determined after all information is available to us. However, as part of our policy to provide transparent and responsible service, our service fee will be clearly notified before we accept application.