Sri Lanka Formally Launches Digital Nomad Visa to Boost Forex Inflows 📈

The Government has officially rolled out its Digital Nomad Visa (DNV), allowing foreign remote professionals to reside in Sri Lanka for one year with annual renewal options. The initiative aims to enhance ICT knowledge exchange and increase tourism expenditure. • Financial Requirements: Applicants must demonstrate a minimum monthly foreign remittance of US$ 2,000. For more than two dependents, an additional US$ 500 per dependent is required. • Fees & Validity: The visa is issued for 12 months at a cost of US$ 500 per person (applicant, spouse, and dependents). • Key Benefits: Holders can open local bank accounts, rent property, and enroll children in private schools. They are encouraged to participate in ICT/BPM programs and co-working spaces. • Restrictions: Holders are strictly prohibited from local employment; all income must be derived from foreign sources. Tax registration with the Inland Revenue Department is mandatory for renewals. • Operational Status: Applications are live on the Immigration Department website. The first official visa will be ceremonially issued at BIA this Monday (16). Based on official government rollout data.