Does Sri Lanka Have a Retirement Visa?

Yes — Sri Lanka offers a retirement-focused long-term residence program, commonly known as the “My Dream Home” visa, for foreign nationals aged 55 and above. The program allows extended residency, subject to financial and documentation requirements. Under this program:
The visa is issued as a long-term residence visa, typically in two-year segments, and is renewable.
You can bring your spouse and unmarried children under 18 with you.

Basic Eligibility Requirements for the Sri Lanka Retirement visa

To qualify for the Sri Lanka retirement visa:

Age requirement
You must be at least 55 years old.

Financial requirements
Applicants must deposit $15,000 USD (or equivalent) in a fixed deposit account at an approved Sri Lankan bank.

Maintain a monthly remittance for living expenses: usually USD 1,500 for the retiree and USD 750 for each dependent (spouse or child under 18) into a savings account.

Proof of funds
You may need to show bank statements and proof of pension or other regular income to support your stay.

Police clearance
A clean criminal record certificate from your home country is often required.

Medical insurance
Some banks or immigration guidance recommend having health insurance valid in Sri Lanka.

No employment
The retirement visa does not permit employment or business activity in Sri Lanka.

Duration & Renewal
Once approved, the residence visa is valid for two years initially.
It can be renewed for additional periods if you continue to meet the requirements.

Application Process

Applications can be submitted through the Department of Immigration and Emigration in Colombo or via Sri Lankan diplomatic missions abroad. Processing fees apply and may vary.

The visa is issued in two-year blocks and is renewable with updated bank statements and local police clearance.

Forms are available on the official immigration website.

Benefits and Conditions

This residence visa allows long-term stays without frequent renewals, ideal for retirees drawn to Sri Lanka's affordability and culture.
Holders must comply with local taxes and laws and submit six-monthly bank statements for verification. Spouses and minor children can join under the same terms.

Important Notes

This is a residence visa, not a simple tourist visa or visa-on-arrival, so you usually need to apply before you intend to retire in Sri Lanka.
Rules and procedures can evolve, so it’s recommended to confirm details with the Sri Lankan Embassy, Consulate, or Department of Immigration & Emigration before applying.

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