DIRECTIONS No. 07 OF 2017 UNDER FOREIGN EXCHANGE ACT, No. 12 of 2017
Accounts could be opened and maintained in favour of senior foreign nationals who wish to obtain resident visas in Sri Lanka under “Sri Lanka - My Dream Home Programme” implemented by the Department of Immigration and Emigration subject to the following. Senior foreign nationals over 55 years of age who apply for visa under the above scheme are required to remit into Sri Lanka, a minimum of United States Dollars (USD) 15,000 or its equivalent in other convertible foreign currency and deposit the same in a fixed deposit foreign currency account as long as they stay in Sri Lanka. Additionally, a monthly remittance of USD 1,500 or its equivalent for the principal applicant and USD 750 or its equivalent for each dependent or spouse accompanied, shall be deposited in a Sri Lanka Rupee Account for their upkeep.