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Long-term visas for foreigners buying condominiums in SL

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A long-term residence visa scheme for foreigners buying condominium property in Sri Lanka was launched at the Board of Investment (BOI) auditorium yesterday (10).

Condominium Development Projects have been identified as one of the fastest growing industries in Sri Lanka at present.

The approval of the Cabinet has also been received for the implementation of the scheme to provide long-term visas in accordance with a request made by the builders of condominium units (luxury apartments) and the buyers from the government and the BOI.

By providing long-term visas, more foreign direct investment is expected to flow into the country and it will also encourage the investors in the development of luxury apartments and foreigners buying these houses.

Accordingly, individuals who invest US$ 200,000 in an urban area condominium are eligible for a 10-year long-term visa scheme while those who invest US$ 150,000 are eligible for 05 years. Further, investors who invest US$ 75,000 in suburban area condominiums are also eligible for 5 years.

On the other hand, companies that invest US$ 500,000 in an urban area condominium are eligible for a 05-year long-term visa scheme while companies that invest US$ 500,000 in a suburban area condominium are also eligible for a 05-year long-term visa scheme.

Speaking at the event, Minister of State for Investment Promotion Dilum Amunugama said that there are about 30,000 luxury apartments in Sri Lanka, of which about 5,000 are BOI investment projects. He said that long-term visas will be issued for all these projects under the scheme.

“This will expand the opportunities for foreigners from any country to buy and invest in condominiums in Sri Lanka. Investors from countries like China, India, Pakistan, South Korea, Russia and Iran have already invested heavily in this field. These projects will also be implemented in Galle, Kandy, Nuwara Eliya, Kurunegala and Ambalangoda,” the state minister said.

Registration of Condominium Housing Project Companies under the Department of Immigration and Emigration was done today and this programme is carried out by the BOI in collaboration with the Department of Immigration and Emigration and the Ministry of Defence.

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NPP secures control of 200 LG bodies

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The National People’s Power has secured control of a total of 200 local councils so far.

The NPP also secured majority votes at the Balangoda Urban Council and the Thanamalvila Pradeshiya Sabha today (June 24).

At the recently concluded LG polls, the NPP secured outright victories in 151 LG bodies.

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10 J’pura students unnecessarily charged for hostel damages – CoPE

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During a meeting of the Committee on Public Enterprises (CoPE), it was revealed that ten students of the University of Sri Jayewardenepura were unjustly charged a monetary penalty in connection with damages caused to a university hostel due to a student clash.

The committee pointed out that the amount charged was three times the actual value of the damaged university property, which is the maximum amount that can be legally charged, along with an additional surcharge of 25%. Accordingly, the Vice-Chancellor of the university informed the committee that if there has been an error in the calculation of the charges, steps would be taken to rectify it.

The Chair of the committee further instructed the officials to reconsider the fairness of imposing the fine only on one party involved in the clash, and not both parties.These matters were discussed during the COPE meeting held on the 20th at the Parliament under the Chairmanship of Dr. Nishantha Samaraweera, MP, to examine the audit reports for the years 2022 and 2023 and the current performance of the University of Sri Jayewardenepura.

The committee held extensive discussions on various issues, including the composition of the university staff, the financial situation, the condition of buildings and constructions, and the relationship between the students and the university administration, emphasizing the need to maintain a student-friendly environment.

It was also disclosed during the committee meeting that the university’s full-time bursar had been released to serve as a non-executive director of a private company. Committee members raised concerns over releasing a person holding a full-time position without consulting the Ministry, describing such decisions as problematic.

Responding to this, the Registrar stated that the bursar was released in a manner that would not hinder her official duties. Nevertheless, the committee was informed of the number of leave days obtained by the bursar and that there had been 44 days in 2024 for which no arrival or departure entries had been recorded. The Chair instructed the Registrar to rectify this information.The committee also had an in-depth discussion about the recruitment of a project manager without a formal public announcement or a proper application process, which was deemed a deviation from the accepted recruitment procedures.

Accordingly, the committee chairman directed the Secretary to the Ministry to investigate and prepare a report on the problematic recruitment practices in the university’s staff appointments.

Further, the committee discussed the university’s financial deposits. It was revealed that although Rs. 10,500 had been charged per student for the 2024 external degree convocation, over Rs. 5.3 million remained unutilized after the event. The committee drew attention to this matter and instructed the officials to determine such fees in a more affordable manner for students. The university administration informed the committee that they have decided to reduce the amount charged for convocations from this year onwards.

Meanwhile, the committee also held lengthy discussions on the existing and past problematic conditions related to the university’s buildings and construction projects.Members of Parliament Dayasiri Jayasekara, Attorney at Law, Nilanthi Kottachchi. Attorney-at-Law, Ruwan Mapalagama, Asitha Niroshana Egoda Vithana, Thilina Samarakoon, Chandima Hettiaratchi, and Lakmali Hemachandra, Attorney at Law participated in this committee meeting.

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High Posts committee approves appointments of 4 chairmen

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The Committee on High Posts approved the appointment of Chairpersons of four State Institutions recently.

The approval was granted during the Committee’s meeting held on June 20, 2025, chaired by the Prime Minister, Dr. Harini Amarasuriya.

The appointments are as follows :

  • Mr. Somasiri Ekanayake – Chairman of the Employees’ Trust Fund Board (ETF)
  • Mr. B. A. P. K. R. Bamunu Arachch – Chairman of the Ceylon Fishery Harbours Corporation
  • Mr. M. R. H. Swarnathilaka – Chairman of the Development Lotteries Board
  • Mr. S. Nesarajan – Chairman of Paranthan Chemicals Limited

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