Global Investor Program (GIP): Your Pathway to Singapore PR
Overview of the Global Investor Program (GIP)
What is the Global Investor Program (GIP)?
The Global Investor Program (GIP) stands as Singapore’s strategic framework to attract and engage investors willing to drive forward the nation’s economic dynamism. It offers a direct route to Singapore Permanent Residency (PR) for eligible investors and their families, acknowledging their potential to catalyze growth and innovation within Singapore’s key sectors.
GIP Eligibility Criteria
- To be eligible for the GIP, investors must meet the following investment criteria, showcasing their commitment and capability to contribute significantly to Singapore's economy:
- Substantial Investment: Commit to investing a minimum of SGD 10 - 25 million in either a new business entity or the expansion of an existing business operation in Singapore, or in a GIP-Approved Fund that invests in Singapore-based companies.
- Proven Track Record: Demonstrate a robust track record in business or investment, including entrepreneurial experience, growth achievements, and leadership roles in their respective fields.
- Business Proposal or Investment Plan: DemSubmit a comprehensive business plan or investment proposal detailing the investment's objectives, scope, and potential impact on Singapore's economy.
How to Apply for the Global Investor Program?
Embarking on your GIP journey involves several meticulously designed steps:
Begin with gathering all necessary documents, such as:
- Detailed personal and business profiles.
- Financial statements and investment portfolios.
- A well-structured business plan or investment proposal aligned with GIP criteria.
The application for the GIP should be submitted directly to the Economic Development Board (EDB) of Singapore, which administers the program. Ensure that your submission is thorough, accurate, and reflective of your investment potential.
Following your application submission, the EDB will review your credentials, investment proposal, and overall suitability for the GIP. This stage may also involve an interview to discuss your application in detail.
Upon receiving approval, you’ll proceed with making the stipulated investment under the chosen GIP option. Successful completion of this investment is a prerequisite for the finalisation of your PR status.
Benefits of the Global Investor Program
- The GIP offers unparalleled advantages for investors:
- Direct Pathway to Singapore PR: GIP provides a straightforward route to Singapore PR for investors and their immediate families, enhancing their ability to reside, work, and contribute to Singapore's economy.
- Investment Flexibility: Investors can choose from various investment options, allowing them to align their expertise and interests with their contributions to Singapore's economy.
- Networking Opportunities: Access to a network of global investors, local entrepreneurs, and business leaders, facilitating exchange of ideas and fostering potential collaborations.
You will be notified of the outcome of your GIP application via email.
If your application is successful, you will be issued an Approval-in-principle letter.
This letter is valid for 12 months and allows you to start investing in Singapore before your can meet the Singapore PR criteria.
Once you have fulfilled your investment criteria for GIP, you can then get your Singapore PR issued under the GIP scheme.
Renewal Criteria of GIP
- To ensure the continuous contribution of GIP investors to Singapore, the PR status under GIP is subject to renewal criteria:
- Fulfillment of Investment Commitments: Demonstrate that the initial investment commitments have been met, including the maintenance of the investment for a prescribed period.
- Economic Contributions: Evidence of the positive impact of your investment on Singapore’s economy, such as job creation, technological innovation, or business expansion.
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Frequently Asked Questions (FAQs)
The processing time can vary, but applicants can generally expect a decision within 9 to 12 months from the submission of a complete application.
Investors are advised to maintain open communication with the EDB and may need to adjust their business strategies to ensure compliance with GIP commitments.
Yes. You need to wait for 2 years under the GIP scheme