Residency by Investment
People from other countries can apply for permanent residence in Singapore through the Global Investor Program (GIP). This program aims to draw wealthy investors and business people who want to support Singapore's economy. By making valuable investments, these people can make Singapore their home for a long time.
Investment Requirements:
- Minimum investment: SGD 10 million
- Processing time: 9-12 months
- Important point: You can become a Singaporean citizen after two years of staying as a resident.
The Singapore Global Investor Program
Singapore's government is working to attract skilled workers with its residency and investment plans. The Singapore Global Investor Program targets skilled entrepreneurs, business owners, and managers. These people aim to start businesses or make large investments in Singapore. Approved candidates can receive permanent resident status in about 9 to 12 months.
Advantages of being a Singapore resident through investment:
Stability: Political, social, and economic
A good quality of life: It is safe and has great schools, healthcare, and transportation.
Money hub: Singapore is a leading financial center in the world.
A great spot for business: New roads, nice buildings, and good communication systems.
A multicultural society is a group of people with many different cultures. In this society, English and Mandarin are the main languages.
Tax benefits: Singapore has a tax system that depends on where you are located. This system works well for investors from other nations.
Examples of Successful Individuals Who Have Attained Singapore PR Through Global investor program
Eduardo Saverin
Co-founders of Facebook
Zhang Yong
Founder of Haidilao Hotpot
James Dyson
Founder of Dyson
Investment Options Under the Global Investor Program
The GIP provides different ways to get residency status. This depends on the applicant's work history and money situation. These ways include:
Option A
Invest SGD 10 million into a new or existing business in Singapore. This amount includes the paid-up capital. To renew the re-entry permit after five years, the business must hire at least 30 people. At least 15 of these hires should be Singapore citizens. If you are running an existing business, the company must also hire 10 new employees.
Option B
Invest SGD 25 million in a fund that the Singapore Economic Development Board has approved. This fund supports companies in Singapore.
Option C
I will set up a family office in Singapore with at least SGD 200 million to manage. I will invest at least SGD 50 million in different money tools, like listed companies, qualifying debt securities, or private investments in Singapore businesses. The family office needs to hire at least five people within five years. Out of those five, three must be Singapore citizens.
Under The Global Investor Program, You May Invest In The Following Options
Aerospace Engineering
Alternative Energy
Automotive
Chemicals
Consumer Business
Electronics
Energy
Engineering Services
Healthcare
Family Office & Financial Services
Infocomm Products & Services
Logistics & Supply Chain
Management
Marine & Offshore Engineering
Media & Entertainment
Medical Technology
Nanotechnology
Sports Business
Safety & Security
Natural Resources (e.g metals, mining, agri-commodities)
Space
Shipping
Pharmaceuticals & Biotechnology
Precision Engineering
Professional Services (e.g consulting, design)
Arts Business
Visual Arts (e.g. auction houses, art logistics/storage)
Performing Arts
Process and Timeline for Singapore Residency
Applicants need to send an e-application. This should have their own information and a clear investment plan. They also must include any required documents. After sending the application, they will go to an interview. If they do well, the Immigration and Checkpoints Authority will approve them. This approval will last for six months. During this time, the applicant must finish their chosen investment tasks.
After you make the investment, you need to confirm your residency status within one year after receiving the final approval.
Family Inclusion and Other Conditions:
The investor's wife and kids under 21 can apply for residency with the same form. But, boys must finish their national service. Parents and single children older than 21 can instead get a five-year visit pass.
Re-entry Permit and Citizenship:
After getting residency, the person will get a five-year re-entry permit (REP). This permit allows them to travel to and from Singapore while keeping their status. After the first five years, they can renew the REP. Whether they can do this will depend on their business results and how much time they spend in Singapore.
After living in Singapore as residents for two years, investors can ask to be citizens. Singapore has one of the best passports worldwide. It lets you go to 193 places without a visa or with a visa you can get easily. However, Singapore does not allow holding two citizenships. If someone becomes a citizen of Singapore, they must give up their old citizenship.
The Global Investor Program offers rich people from other countries a simple way to live in one of the most exciting cities in the world. They can benefit from the city's safety, job offers, and great quality of life.
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