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Singapore

    Citizenship and Residence Solutions > Residence > Singapore

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    Singapore Residence By Investment Program

    • About
    • Residence

    Country Information:

    Singapore, which straddles East and West, is Asia’s business capital. Indeed, several, including The Economist, have referred to Singapore as “the country of opportunity,” urging enterprises to migrate there. It boasts one of the lowest crime rates in the world and provides people with an excellent quality of life. When measured by GDP per capita, it is one of the wealthiest countries in the world.

    Live in Singapore

    Singapore has continuously ranked first in Mercer’s Quality of Living Assessment, a recognized survey that evaluates the finest worldwide cities with the highest living standards based on personal safety, security, political stability, and long-term economic growth. With its multi-racial and multi-cultural society, it has become a world-class destination. Singapore is a city-state with a diverse range of cultures coexisting peacefully in a well-organized community.

     

    The Singaporean government has worked hard over the last two decades to acquire top talent and extraordinary human capital to help the country’s economy flourish. However, the government has raised the conditions for entering talent and delayed the number of employment passes and permanent residence approvals in recent years.

     

    With an open economy based strongly in commerce, manufacturing, and financial services, Singapore has one of the most successful and highly developed economies in Asia and around the world. Singapore has a greater per capita GDP than other developed countries.

     

    Singapore has one of the most stable political environments in the area among its neighbors. Singapore’s clean and corruption-free image, as well as its transparent and efficient bureaucracy, attracts foreign investment.

     

    With a remarkable literacy rate of over 90% and a rising share of highly educated professionals, Singapore has a competitive and highly qualified workforce. Singapore’s tax policy is well-known around the world. Among other perfect tax advantages, investors and entrepreneurs are continually lured by its attractive tax rates, tax relief measures, no capital gains tax policy, and network of avoidance of Double Tax Agreements (DTAs).

    How to get Singaporean residence?

    The Singapore Global Investor Program is for rich overseas entrepreneurs and investors who want to make Singapore their home.

     

    Singapore citizenship is available in one form. It is possible to apply for Singaporean citizenship after two years of permanent residence in the country. Dual citizenship is severely prohibited in the country.

     

    The Singapore Global Investor Scheme is an investment-based residency program in Singapore. It grants permanent residency in Singapore to investors with a proven track record in business and a strong entrepreneurial background who plan to expand their firm and invest from Singapore. This program requires a minimum investment of SGD 2,500,000.

     

    Singapore’s pro-foreign investment policy, which fosters free enterprise and places no limitations on foreign ownership, attracts investors. Singapore’s foreign direct investment was S$77630.5 million at the end of 2018. Foreign investors can also choose to migrate to Singapore thanks to the Global Investor Program (GIP) and the EntrePass program.

     

    Finding top talent in Singapore is not a problem because the workforce is highly educated and motivated. Furthermore, relocating your company there is a really simple process. Singapore is an excellent environment for those interested in furthering their education, with 20% of government funding dedicated to education. Singapore’s National University is now ranked 11th in the world in terms of higher education.

    The Global Investor Program

    The Global Investor Program is for investors who want to create a business or invest in Singapore and get permanent residency there.

    Options for investment

    One of the following choices is available to the investor:

    1. A) Make an investment SGD 2.5 million in forming a new business entity or expanding an existing one.

     

    1. B) Invest at least SGD 2.5 million in an approved fund that invests in Singapore-based businesses, as well as putting a business plan into action in Singapore.

     

    1. C) A SGD 2.5 million investment to create a single family office in Singapore, which must have at least SGD 200 million in assets under management (minimum SGD 50 million of assets in Singapore and SGD 150 million in offshore assets).

    Criteria for Eligibility

    If an investor has a significant business track record and a strong entrepreneurial experience, they are qualified to apply for permanent residency under the Global Investor Program. Each Singapore residency category has its own application process and set of documentation criteria that must be met.

    1. Business owners

    • At least three years of entrepreneurial experience and a good company track record are required of the investor.
    • Investors must control at least 30% of a company's stock (or a combination of two companies) and provide audited financial statements for the three years before their application.
    • The company's turnover must have been at least SGD 200 million in the previous 12 months and SGD 200 million on average over the previous three years.

    2. Second-Generation business owners

    • The investor's immediate family must possess at least 30% of a company (or a combination of two enterprises) and must submit audited financial statements for the three years preceding their application.
    • Investors must control at least 30% of a company's stock (or a combination of two companies) and provide audited financial statements for the three years before their application.

    3. Founders of high-growth companies

    • Applicants must be the company's founder and the largest individual shareholder, with a 500 million SGD valuation.
    • A well-known VC or private equity firm must have already invested in your company;
    • At least one of the sectors listed in the recognized business industries must be pursued by the company.

    4. Family office principles

    • A minimum of 5 years of entrepreneurial, investing, or management experience is required.
    • The applicant must have investible assets in excess of SGD 200 million.

    Permanent residence for family members

    Applicants can also apply for PR for members of their immediate family (your spouse and children under 21 years of age). It’s important to highlight that all second-generation male PRs must participate in National Service. Applicants can apply for a renewable long-term social visit for their parents and children (over 21 years of age).

    Validity of re-entry permits

    The investor will be awarded a five-year re-entry permit (REP) once their permanent residency status has been formalized. When traveling in and out of Singapore, you must have a valid REP.

     

    It allows the investor to keep their permanent resident status when traveling outside of Singapore. The REP can be renewed after the first five years if the investor meets certain restrictions, which are dependent on the option chosen.

     

    At the end of the fifth year, the REP must be renewed depending on business milestones achieved, physical time spent in Singapore, or a combination of these factors.

    Singaporean citizenship

    It is possible to apply for Singaporean citizenship after two years of permanent residency in Singapore. According to the Henley Passport Index, the Singaporean passport is the world’s strongest travel document.

     

    By investing 2.5 million SGD in a start-up business or GIP Fund, obtaining permanent residency in Singapore within 12 months This is also the only Fast-Track Singapore Citizenship by Investment option that allows you to apply for citizenship after just two years of holding your GIP visa.



    Individuals can only qualify for GIP if they invest a total of 2.5 million Singapore dollars. Apart from having sufficient funds, you must also demonstrate to authorities that you have entrepreneurial skills by providing them with a strong track record.

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