Migration Point

Singapore Global Investor Programme

Advantages

  • Investors can obtain permanent residence in Singapore by establishing a new business in Singapore or investing in an approved fund
  • Transparent government with pro-business policies
  • High standards of living
  • Cornerstone of entertainment and culture in Asia
  • Can include spouse, dependent children under 21 years
  • Parents and older children can obtain 5-year visit visa
  • Eligible to apply for Citizenship after holding permanent residence for at least 2 years

Requirements

  • Clean criminal record
  • Have a substantial entrepreneurial background (at least 3 years’ experience), and will need to provide 3 years of audited financial statements
  • Must have run a business with annual turnover of at least SGD50 million in the year prior to application and at least SGD50 million p.a. on average over the last 3 years.
  • Applicants can consolidate their businesses to meet the minimum turnover requirement
  • If the company is privately owned, the applicant must have a shareholding of at least 30% of the company.
  • Must submit a detailed business or investment plan, including key milestones, which must be realised within 3 years of the date of investment
  • The business must be in an approved industry sector

Investment Options

  • Option A – invest at least SGD2.5 million in a new business entity or in the expansion of an existing business in an approved business sector
  • Option B – invest at least SGD2.5 million in an approved fund that invests in Singapore-based companies

Process

  • Payment of application fee to the Singapore Government
  • Application forms and supporting documents must be submitted within 1 month of payment of the application fee
  • Applicant attends interview with Contact Singapore
  • Approval in Principle (AIP) issued within 2-4 months
  • Must make an investment within 6 months of AIP
  • Final approval granted upon proof of qualifying investment
  • Applicant must move to Singapore and complete permanent residence (PR) formalities within 12 months from final approval

Re-Entry Permit

  • Upon formalization of PR, the applicant and dependents will be issued a Re-Entry Permit (REP) valid for 5 years to enable PR to be maintained when outside Singapore
  • Upon expiry the REP is renewed for 3- or 5-years subject to:
    • The number of employees hired; and
    • The business expenditure; and
    • The amount of time spent in Singapore