Permanent residence in Singapore for investment in the economy
The government launched the Global Investor Programme (GIP) to attract foreigners who can significantly contribute to the economy. The programme grants permanent residency status through investments in various sectors, including businesses, funds, and securities.
Investor's permanent residence in Singapore is available to people who fulfil specific criteria. These can be successful entrepreneurs, business owners, and investors with proof of successful transactions. The main requirements for applicants are the availability of significant capital and willingness to invest in the country's economy.
Singapore investment immigration offers 3 distinct options, each with its own conditions. These options cater to a wide range of investors, from those interested in business ventures to those focused on financial investments. The cost of permanent residence in Singapore varies depending on the chosen option, with the minimum investment amount set at SGD 10 million ($7.45 million).
Conditions to get a permanent residence in Singapore
There are no specific age or English language requirements to obtain a permanent resident card in Singapore. The main conditions are:
- Provide a certificate of no criminal record.
- Prepare investment documents and business plans.
After permanent residency, men must pass the National Service (NS).
Investment options in Singapore
Well-established business owners
The applicant must:
- Have 3 years of entrepreneurial experience.
- Run a company with annual revenue of at least SGD 200 million ($148.6 million) per year for the last 3 years.
- Have at least 30% of the company's shares.
The company should operate in one of the country's most important industries.
New generation business owners
Founders of fast-growing companies
This type of permanent residence certificate in Singapore requires the fulfilment of the following conditions:
- The applicant needs to be the founder and one of the largest individual shareholders of a company with a valuation over SGD 500 million ($371.6 million), with potential for significant growth and success.
- A reputable venture capital or private equity organisation must invest in your company.
The company must be involved in essential industries.
Family office managers
The applicant must:
- Have at least 5 years of business, investment, or management experience.
- Have his net assets to reach SGD 200 million ($148.6 million).
Post-approval requirements
The applicant, depending on the type of the selected programme, will be offered 3 options for action within 6 months of approval:
- Confirm an investment of SGD 10 million ($7.45 million) in the company.
- Invest SGD 25 million ($ million) in a fund approved for the programme that invests in Singapore companies.
- Establish a family office in the country with assets of at least SGD 200 million ($148.6 million).
Documents to obtain a permanent residence in Singapore
To apply for Singapore's Permanent Residency, applicants for all types of programmes are required to prepare the following:
- passport;
- photographs;
- a birth certificate showing the names of both parents;
- marriage, divorce, name change, custody, adoption and other certificates;
- information about family members, including names, ages and places of employment;
- declaration documents from the electronic application form;
- receipt of the entry fee;
- A copy of the online GIP application form is needed.
Depending on the type of visa, you may be asked to provide:
- financial statements;
- evidence of business registration;
- business licences;
- business plan;
- a company capital review report;
- ACRA (Accounting and Corporate Regulatory Authority) certificate of investment registration;
- a business organisation chart.
It's important to note that all documents must be translated into English and copies notarized.
Singapore Citizenship
Obtaining citizenship by investment in Singapore is possible. Permanent residents over 21 can apply for citizenship in Singapore if they have held this status for over 2 years. Family members, including spouses and unmarried children under 21, can obtain a passport in Singapore. Your economic contribution, length of residence, qualifications, and more will be considered when applying for a Singapore passport. This is to assess your ability to participate in the development of the state and integrate into society.
Family immigration to Singapore
Immigration allows you and your family to move to one of the world's most developed regions. The programme enables unmarried spouses and children under 21 to obtain permanent resident status, providing access to quality education, health care and high living standards. Parents and unmarried and unmarried children over the age of 21 can apply for long-term residency.