Singapore is known for its vibrant economy and stable infrastructure. It offers a plethora of investment options for those seeking residency in the dynamic city-state. One of the key pathways to Singapore residency is through the Global Investor Programme (GIP). The programme is designed to attract high-net-worth individuals to invest in the country’s economy.
Singapore’s Global Investor Programme
Singapore’s Global Investor Programme (GIP) grants permanent residence status to eligible investors who drive growth in the country’s economy.
The GIP is aimed at high-net-worth individuals. It encourages successful businesspeople and entrepreneurs to invest in new or existing business ventures. Alternatively the can invest in a new or existing Singapore-based family office.
Singapore remains one of the world’s strongest economies and is a global hub for business and innovation. It is also one of the world’s most connected countries, strategically located along the world’s major trade, shipping, and aviation routes.
Singapore’s excellent standard of living has encouraged many individuals to relocate through the GIP.
Frequently voted the best Asian country in which to live, Singapore has emerged as a world-class destination with excellent infrastructure, public services, and one of the most harmonious multicultural communities in the world. It also boasts one of the world’s lowest crime rates, a high level of political stability, and is rated as one of the wealthiest countries in terms of GDP per capita.
Benefits of Singapore Residency
Those who have permanent residency in Singapore can benefit from several key advantages, including:
- Right to live, work, study, and undertake business in Singapore.
- Access to excellent infrastructure, education and healthcare.
- Political stability and low crime rates.
Individuals seeking stability, economic opportunities, and a high standard of living should consider pursuing Singapore residency.
Entrepreneurs, investors, professionals, and families looking for a safe and prosperous environment to live, work, and thrive would find Singapore an appealing destination.
Additionally, those interested in accessing top-notch healthcare, education, and a multicultural society conducive to personal growth and advancement would benefit from exploring Singapore residency options.
With its strong legal system, business-friendly environment, and global connectivity, Singapore offers a compelling choice for those aiming to secure a stable and prosperous future.
Singapore Residency – Investment Options
Applicants are eligible to apply for permanent residence under the GIP if they meet the qualifying criteria, including having a substantial business track record and a successful entrepreneurial background.
Each Singapore GIP investment option has a specific application process and a particular set of requirements that must be fulfilled. Applicants can choose one of the following investment options:
Investment in a business entity
An investment of SGD2,500,000 in a new business entity or in the expansion of an existing business in a permitted industry.
Under this option, applicants must submit a detailed 5-year business or investment plan with projected employment, expenditure, and financial projections. The business plan will be assessed on its feasibility. The applicant’s role in the company, the business activities, and the creation of local jobs.
Approved government fund
A contribution of SGD2,500,000 into a government-approved ‘GIP’ fund that invests in Singapore-based companies.
Under this option, applicants will be assessed based on their future business or investment plans in Singapore. This may include specific details on proposed business activities, amount of investment, and the creation of local jobs.
Singapore based single family office
An investment of SGD2,500,000 in a new or existing Singapore-based single-family office having Assets-Under-Management of at least SGD200,000,000.
Under this option, applicants must submit a detailed 5-year business plan with projected employment and annual financial projections. The business plan will be assessed based on the applicant’s role in the single family office, the functions of the family office, the proposed investment sectors, asset types, and geographical focus.
For those looking to contribute to Singapore’s innovation and entrepreneurship ecosystem, investing in technology startups or participating in venture capital funds can be a rewarding path to residency. Singapore’s reputation as a hub for innovation. Technological advancements makes it an attractive destination for tech-savvy investors seeking a foothold in the region.
