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Global Investor Program (Singapore Investor Visa)
The Singapore Global Investor Program is the only guaranteed direct Permanent Residency Scheme in Singapore that allows a foreign investor to stay in Singapore Permanent. This also offers a pathway to Singapore Citizenship after 2 years of holding a Singapore Permanent Residency.
If you are planning to emigrate to Singapore and you have at least 2.5 million SGD worth of funds to invest, the GIP Scheme can be a suitable scheme for you to acquire your Singapore PR status. Investing your funds into Singapore’s economy is stable and secure as it will create employment and help the economy . Singapore offers a many advantages to investors like its business-friendly policies, relatively low taxes, modern infrastructure, safety and clean environment.
GIP CRITERIA
- Accomplished Business Owner:
a. least 3 years of entrepreneurial and business track record;
b. currently running a company with an annual business turnover of at least S$200 million SGD in the year immediately preceding your application, and at least S$200 million per annum on average for the three years immediately preceding your application;
c. ownership of company: 30% for privately owned company
d. Your company must be engaged in one or more of the industries listed in Annex B. - Next Generation Business Owners:
a. Your immediate family should have at least 30% shareholding or is the largest shareholder in the company you use to qualify;
b. This company’s annual turnover must be at least S$500 million in the year immediately preceding your application, and at least S$500 million per annum on average for the three years immediately preceding your application;
c. You must be part of the management team of the company (e.g. C-suite / Board of Directors); AND
d. Your company must be engaged in one or more of the industries listed in Annex B. - Founders of High Growth Companies:
a. You must be a founder and one of the largest individual shareholders of a company with a valuation of at least S$500 million;
b. Your company must be invested into by reputable Venture Capital /Private Equity firms; AND
c. Your company must be engaged in one or more of the industries listed in Annex B. - Family Office Background
a. 5 years of entrepreneurial, investment or management track record
b. with a net asset of minimum 200 million to invest.
Investment Options for GIP Scheme:
Option A: Invest at least S$2.5 million in a new business entity or in the expansion of an existing business operation.
Option B: Invest at least S$2.5 million in a GIP fund that invests in Singapore based companies.
Option C: Invest S$2.5 million in a new or existing Singapore-based single office having Assets- Under-Management (AUM) of at least S$ 200 million.
- Guaranteed Singapore PR scheme: Under the GIP scheme, you will get your PR within 6 to 9 months upon your submission of your application provided you meet the pre-existing criteria;
- Pathway to citizenship: After holding the PR for 2 years, you are eligible to apply for Citizenship in Singapore
- Possibility to bring your direct family member to Singapore: If you are eligible to bring your family members under this scheme;
ANNEX B : LIST OF INDUSTRIES
(a) Aerospace Engineering
(b) Alternative Energy/ Clean Technology
(c) Automotive
(d) Chemicals
(e) Consumer Business (e.g. flavors and fragrances, food ingredients, nutrition, home and personal care)
(f) Electronics
(g) Energy
(h) Engineering Services
(i) Healthcare
(j) Infocomm Products & Services
(k) Logistics & Supply Chain Management
(l) Marine & Offshore Engineering
(m) Media & Entertainment
(n) Medical Technology
(o) Nanotechnology
(p) Natural Resources (e.g. metals, mining, agri-commodities)
(q) Safety & Security
(r) Space
(s) Shipping
(t) Pharmaceuticals & Biotechnology
(u) Precision Engineering
(v) Professional Services e.g. consulting, design
(w) Arts Businesses – Visual arts businesses, e.g. auction houses, art logistics/storage – Performing arts businesses
(x) Sports Businesses
(y) Family Office & Financial Services
For the application of GIP, you have to prepare standard documents for submission. However, there are times that you are required to provide further documentation to the MOM. See below for a list of standard documents for submission:
- Personal particulars page of applicant’s passport.
- Completed GIP application form;
- Undertaking of the GIP Terms and Conditions;
- Statutory Declaration form;
- All related documents as proof of investments
- All required document as proof of your business / entrepreneurial track records;
The Global Investor Program is highly complex as not only that the applicant need to meet a list of stringent investor criteria but also to provide investment proposal to pass the interview. If you are unsure, speak to our consultant to learn more on this program.