My Dream Home Visa (Retirement Visa)
Sri LankaSri LankaAsia
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My Dream Home Visa (Retirement Visa)

Residency Pathway Dependents Allowed

At a Glance

Processing Time

28-42 days

Application Fee

150 USD

Stay Duration

2 years

Renewable

Yes

Job Offer

Not Required

Dependents

Allowed

PR Pathway

No

This visa does not offer a direct route to permanent residency.

Remote Work

Not Required

Overview

Residence visa for retirees aged 55 and above. Requires monthly remittance of USD 1,500 and fixed deposit of USD 15,000.

The My Dream Home Visa is designed for retirees aged 55 and above who wish to retire in Sri Lanka. Applicants must demonstrate financial self-sufficiency through regular monthly remittances and maintain a fixed deposit account. Spouses and unmarried children under 18 can be included. Employment is strictly prohibited under this visa.

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Requirements

Financial

Minimum Income

18,000 USD

per year

Minimum Savings

15,000 USD

Investment Required

15,000 USD

Documentation

Applicant Documents

Valid passport

At least 6 months validity

Passport photos

Recent

Proof of age

Birth certificate or ID showing age 55+

Bank statement

Showing USD 1,500/month income

Fixed deposit receipt

USD 15,000 fixed deposit proof

Health insurance policy

Valid in Sri Lanka

Police clearance

Character certificate

Optional

Medical certificate

Health fitness if required

Optional

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Advantages

  • Designed specifically for retirees
  • Can include spouse and children under 18
  • Renewable indefinitely if requirements met
  • Can withdraw fixed deposit early with approval
  • No employment restrictions on family members

Considerations

  • Age restricted to 55+
  • No work permitted for visa holder
  • Requires ongoing USD 1,500/month remittance
  • Must maintain health insurance
  • 2-year visa periods only
  • Fixed deposit requirements

Application Process

1

Verify age eligibility

Must be 55 years or older

2

Open savings/current account

At approved Sri Lankan bank

3

Set up monthly remittance

USD 1,500/month (principal), USD 750/month per dependent

4

Make fixed deposit

USD 15,000 in fixed deposit account

5

Obtain health insurance

Valid in Sri Lanka

6

Prepare application

Gather all documents

7

Submit application

To Department of Immigration

8

Processing

4-6 weeks

9

Receive visa

2-year My Dream Home Visa

Application Forms

My Dream Home Visa Application

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