1. What countries offer citizenship for Sri Lanka passport holders by investment programs?

There are several countries that offer citizenship for Sri Lanka passport holders through investment programs. These include:

1. Malta: The Malta Individual Investor Program (MIIP) allows investors to obtain citizenship in exchange for a minimum investment of €650,000, along with other requirements such as a government donation and real estate purchase.

2. Cyprus: The Cyprus Investment Program grants citizenship to individuals who invest at least €2 million in real estate or other approved investments.

3. St. Kitts and Nevis: The Citizenship by Investment Program requires an investment of at least $150,000 to a government fund or a real estate purchase of at least $200,000.

4. Dominica: The Economic Diversification Fund program grants citizenship in exchange for a non-refundable donation of $100,000 or more to the government.

5. Grenada: The Grenada Citizenship by Investment Program offers citizenship through investments in real estate or donations to the National Transformation Fund.

6. Turkey: The Turkish Citizenship by Investment program requires an investment of at least $250,000 in real estate or $500,000 in fixed capital investments.

7. Vanuatu: Vanuatu’s Citizenship by Investment program requires a minimum contribution of $130,000 to the country’s Development Support Program.

8. Cambodia: Cambodia offers an Economic Investment Visa that can lead to citizenship after seven years of residence and a minimum investment of $1 million in businesses or infrastructure projects.

Please note that these are only some examples and it is important to research and thoroughly understand the specific requirements and regulations of each program before applying.

2. Can dual citizenship be obtained in Sri Lanka?

Yes, dual citizenship can be obtained in Sri Lanka. Under the Citizenship Act No. 18 of 1948, a person who possesses a Sri Lankan citizenship and another citizenship can apply for dual citizenship.

3. What are the requirements to obtain dual citizenship in Sri Lanka?

To obtain dual citizenship in Sri Lanka, a person must:

– Be a former citizen of Sri Lanka by birth or by registration
– Have reached the age of 55 years at the time of application
– Possess at least US$100,000 worth of foreign assets brought into Sri Lanka through a banking system approved by the Central Bank
– Satisfy the Ministry of Defence that there are no security objections to granting dual citizenship
– Not have any pending legal proceedings against them in any court in Sri Lanka or overseas
– Provide evidence of renunciation or surrender of previous citizenship (if applicable)
– Meet any other requirements as determined by the Government

4. How long does it take to obtain dual citizenship in Sri Lanka?

The processing time for obtaining dual citizenship in Sri Lanka can vary depending on factors such as applicant’s background and paperwork submitted. On average, it takes around 6 months to a year to complete the process.

5. How much does it cost to obtain dual citizenship in Sri Lanka?

The application fee for dual citizenship is currently set at US$ 1,000 and is subject to change. Additionally, applicants are also required to pay for related fees such as bank charges and document processing fees.

6. Is it necessary to give up my current nationality if I obtain dual citizenship in Sri Lanka?

No, it is not necessary to give up your current nationality when obtaining dual citizenship in Sri Lanka.

7. Can children under 21 years old apply for dual nationality with their parent(s)?

Children under the age of 21 can only apply for dual nationality with their parent(s) if they have been included in the parent(s) original dual citizenship application.

8. Can I obtain dual citizenship if I am a Sri Lankan citizen by descent?

No, Sri Lankans who acquired citizenship by descent cannot apply for dual nationality in Sri Lanka.

9. Can an individual with dual nationality stand for public office in Sri Lanka?

Yes, individuals with dual nationality can stand for public office in Sri Lanka as long as they meet the other eligibility requirements set by the government.

10. What are the benefits of having dual citizenship in Sri Lanka?

Some potential benefits of possessing dual citizenship in Sri Lanka include:

– The ability to live and work permanently in Sri Lanka
– The right to own property and open bank accounts without restrictions
– Access to healthcare and education benefits
– Ability to invest in businesses and properties without limitations
– Permission to enter and exit the country freely without visa restrictions

3. How long does it take to obtain a second passport in Sri Lanka?

The time it takes to obtain a second passport in Sri Lanka varies depending on individual circumstances. Generally, the process can take anywhere from a few weeks to several months, depending on factors such as the completion of required documents and application processing times.

4. Are there any language or residency requirements for obtaining a second passport in Sri Lanka?

To be eligible for a second passport in Sri Lanka, applicants must hold current citizenship and reside in the country for at least five years prior to the application. Additionally, applicants must have a basic knowledge of the Sinhala or Tamil language.

5. What is the cost of obtaining a second passport in Sri Lanka?

The cost of obtaining a second passport in Sri Lanka varies depending on the individual’s specific circumstances and reasons for needing a second passport. It also depends on the type of passport being applied for and any additional services that may be required, such as expedited processing or translation services.

In general, the application fee for a second passport in Sri Lanka is approximately USD $50. However, this does not include any additional fees or expenses that may be required, such as notarization or translation costs.

It is recommended to contact the Department of Immigration and Emigration in Sri Lanka for specific pricing information based on your situation.

6. Can spouses and children also obtain a second passport through citizenship by investment in Sri Lanka?

Yes, spouses and unmarried children under the age of 21 can also obtain a second passport through citizenship by investment in Sri Lanka. They must be included in the main applicant’s application and will go through the same application process.

7. Does Sri Lanka allow for visa-free travel to popular destinations with a second passport?

No, Sri Lanka does not allow for visa-free travel to popular destinations with a second passport. Travelers with a second passport will still need to obtain a visa for their destination country, unless they are eligible for visa-free travel through another means (such as citizenship or residence in a qualifying country). It is important to check the visa requirements for each specific destination country before traveling.

8. How does the taxation system work for citizens with two passports in Sri Lanka?

The taxation system in Sri Lanka is primarily based on residency, rather than citizenship. If a person is considered a resident of Sri Lanka, they will be subject to taxation on their global income, regardless of how many passports they hold.

In general, an individual is considered a resident for tax purposes if they spend a minimum of 183 days in Sri Lanka within a tax year (1 April – 31 March). However, this rule may vary depending on the individual’s purpose of stay and their personal circumstances.

If an individual holds two passports but is only considered a resident for tax purposes in one country, they will only be subject to taxation in that specific country. This means that they will not have to pay taxes in both countries if there is a Double Taxation Avoidance Agreement (DTAA) between the two countries.

On the other hand, if an individual is considered a resident for tax purposes in both Sri Lanka and another country, double taxation may occur. In such cases, DTAA can help reduce or eliminate double taxation by allowing for tax credits or exemptions.

It is important for individuals with multiple passports living in Sri Lanka to consult with a tax professional to fully understand their tax obligations and take advantage of any available benefits under DTAA. Failure to comply with tax laws could result in penalties and fines.

9. Are there any restrictions on the types of investments that can lead to citizenship in Sri Lanka?

According to the Sri Lankan Citizenship by Investment Program, there are no specific restrictions on the types of investments that can lead to citizenship. However, all potential investors must go through a comprehensive vetting process and their investments must be deemed beneficial to the country. Investments in sectors such as infrastructure, tourism, real estate, and agriculture are generally encouraged.

Additionally, individuals applying for citizenship through investment must also fulfill other criteria such as:

– Having a clean criminal record
– Demonstrating proficiency in English language
– Providing proof of financial stability
– Residing in Sri Lanka for a minimum period as determined by the government

10. Can individuals apply for a second passport without renouncing their current citizenship status in Sri Lanka?

According to the Sri Lankan Citizenship Act, an individual can hold dual citizenship without giving up their current citizenship status in Sri Lanka. This means that they can apply for and obtain a second passport without renouncing their Sri Lankan citizenship.

11. Are citizens of certain countries restricted from applying for a second passport in Sri Lanka?

It is possible that citizens of certain countries may face restrictions or obstacles when applying for a second passport in Sri Lanka. This can vary depending on the specific regulations and policies of both Sri Lanka and the applicant’s country of citizenship. It is recommended to contact the relevant authorities in both countries to inquire about any potential restrictions or limitations before beginning the application process.

12. Are there any additional benefits to holding a second passport from Sri Lanka, such as business opportunities or access to education and healthcare systems?

Having a second passport from Sri Lanka may provide some additional benefits, such as easier travel to certain countries and potentially access to business opportunities in Sri Lanka. It may also allow for more affordable education and healthcare options within the country. Additionally, having dual citizenship can provide a sense of connection to one’s culture and heritage, as well as the potential to pass down citizenship to future generations.

13. Is there an age limit for obtaining a second passport through citizenship by investment in Sri Lanka?

No, there is no age limit for obtaining a second passport through citizenship by investment in Sri Lanka. However, applicants who are under the age of 18 will need to be accompanied by their parents or legal guardians in the application process.

14. How can I start the process of obtaining a second passport from Sri Lanka?

To obtain a second passport from Sri Lanka, follow these steps:

1. Determine your eligibility: To apply for a Sri Lankan second passport, you must meet certain criteria such as being a dual citizen or having a valid reason for needing a second passport (e.g. frequent international travel).

2. Gather required documents: You will need to submit several documents with your application, including your current passport, proof of citizenship, and any additional documentation supporting your reason for needing a second passport.

3. Fill out the application form: Download and complete the appropriate application form from the Department of Immigration and Emigration website or collect it in person from one of their offices.

4. Submit the application: Submit your completed application form along with all required documents to the Department of Immigration and Emigration by post or in person at one of their offices.

5. Pay the application fee: The fee for a second passport is Rs. 15,000 (~$80 USD). You can pay this fee at any designated bank branch or through the online payment portal provided by the Department of Immigration and Emigration.

6. Wait for processing: Once you have submitted all necessary documents and paid the fee, your application will be processed within 14 working days.

7. Collect your new passport: If your application is approved, you will be notified to collect your new passport from the office where you applied or select an overseas mission to collect it on your behalf.

Note: As processing times and requirements may vary depending on individual circumstances, it is recommended that you contact the Department of Immigration and Emigration directly for detailed information on applying for a second passport from Sri Lanka.

15. Can naturalized citizens also apply for a second passport in Sri Lanka?

Yes, naturalized citizens can apply for a second passport in Sri Lanka. However, they must meet the same eligibility requirements and go through the same application process as native-born citizens. This includes providing proof of their citizenship and satisfying other criteria such as having a valid reason for needing a second passport.

16. Is proof of financial stability required when applying for a residency and potential citizenship through an investor program in Sri Lanka?

Yes, proof of financial stability is typically required when applying for a residency and potential citizenship through an investor program in Sri Lanka. This may include providing documentation and evidence of the investor’s assets, income, and investments. The exact requirements may vary depending on the specific program being applied for.

17. Are there any special regulations or requirements for individuals who have had previous legal issues seeking a second passport in Sri Lanka?

It is not uncommon for individuals with previous legal issues to encounter difficulties when seeking a second passport in Sri Lanka. This is because the government may view such individuals as having a greater risk of violating the country’s laws and regulations.

Some potential requirements or regulations that may apply to such individuals include :

1) Background checks: The government may require individuals with previous legal issues to undergo thorough background checks before granting them a second passport. This can include checking for any criminal records or outstanding warrants.

2) Proof of rehabilitation: In some cases, the government may require individuals to provide proof that they have been rehabilitated and are no longer considered a threat to society.

3) Compliance with prior legal obligations: Individuals may be required to demonstrate that they have complied with any legal obligations resulting from their previous legal issues, such as paying fines or completing community service.

4) Additional documentation: The government may request additional documentation, such as character references or evidence of employment, to support the individual’s application for a second passport.

5) Longer processing times: Due to the need for more extensive background checks and review of an individual’s case, the processing time for a second passport application may be longer for those with previous legal issues.

It is important for individuals with previous legal issues seeking a second passport in Sri Lanka to be transparent about their past and provide all necessary documents and information requested by the government. Failure to do so may result in their application being denied.

18. Does possessing dual citizenship of Sri Lanka pose any complications when traveling between countries while holding passports from both countries?

Yes, possessing dual citizenship of Sri Lanka can pose complications when traveling between countries while holding passports from both countries. Some countries may restrict entry or require additional documentation for individuals with dual citizenship. Additionally, different countries may have different visa requirements for citizens of Sri Lanka, and holding dual citizenship may affect your eligibility for certain visas. It is important to check the entry and visa requirements of each country you plan to visit with both your Sri Lankan and other passport before traveling.

19.Is it possible to transfer my current residency status to my new country if I obtain dual citizenship through an investor program in Sri Lanka?

It is unlikely that obtaining dual citizenship through an investor program in Sri Lanka will automatically transfer your current residency status to your new country. The requirements and processes for obtaining residency status vary between countries and are typically unrelated to citizenship. It is recommended that you contact the relevant authorities in both countries for specific guidance on how to obtain residency status in your new country.

20.Can citizens of other countries living and working in Sri Lanka also apply for a second passport?

Yes, citizens of other countries who are living and working in Sri Lanka can also apply for a second passport. However, they may need to meet certain eligibility criteria and provide necessary documentation as required by the Sri Lankan government. It is recommended to contact the Embassy or Consulate of their country of citizenship for more information on the application process.