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Singapore Global Investor Program
Singapore attracts high-net-worth individuals and investors for many reasons, among which:
Singapore is best known by investors for its participation in global trade as one of Asia’s most significant trading hubs. Singapore has a very free economy and attractive business climate. Known as a maritime center, Singapore is linked to global ports worldwide. Singapore has become the main base for numerous international firms and investors in business migration.
However, the Singaporean Government is constantly improving the business and immigration climate of the country, thinking progressively, and attracting talent to the country. Thus, the Government created Singapore Global Investor Program to encourage foreign nationals to make Singapore their home by settling down and becoming permanent residents.
Singapore has frequently been voted the best Asian city to live in due to its excellent infrastructure and public services. It has one of the lowest crime rates globally, and Singapore residents offer a high quality of life to its residents. Globally, Singapore is rated one of the wealthiest countries when measured by GDP per capita.
A multi-cultural community and population of 6 million people, with English and Mandarin as the main languages are spoken, make Singapore attractive for high-class investors and immigrants.
Singapore ensures to its residents political and economic stability and prosperity. To families, Singapore guarantees quality education and a healthcare system.
Considered the passport with the most decisive influence globally, holders of Singapore citizenship enjoy visa-free access to 192 destinations around the globe, including Schengen Zone and countries such as Canada, China, and the US.
WHY SINGAPORE?
PROGRAM OVERVIEW
PROGRAM GUARANTEES:
ABOUT THE SINGAPORE GLOBAL INVESTOR PROGRAM
Singapore Global Investor program is designed to bring talents and quality entrepreneurs to the country and ensure that they become integrated into the system as permanent residents in exchange for substantial financial investments.
Wealthy individuals and their families usually choose the Singapore Global Investor program, which intends to make Singapore home.
BENEFITS OF THE SINGAPORE GLOBAL INVESTOR PROGRAM
Singapore Global Investor program ensures that investors and entrepreneurs who decide to invest in the country receive a permanent residency for themselves and their families in exchange. This program is designed so that the investor receives the right to apply for citizenship after a brief period – in 2 years. And that falls among the most significant benefits of this program. However, other benefits are significant as well, such as:
INVESTMENT REQUIREMENT
What is the minimum investment amount required?
The minimum investment required is: 2.5 million SGD
Investment into National Economic Fund
This investment is in the form of monetary contribution, and it can be done by selecting one of the following donation options:
What are approved investment options available?
To qualify for permanent residency investor is required to choose one of the following investment options:
Is there any additional contribution or donation required?
No.
WHO IS CONSIDERED A QUALIFIED APPLICANT?
To qualify as an applicant, an investor must have a substantial business track record and a thriving entrepreneurial background. However, The Singapore Global Investor Program divides investors into several categories such:
1. INVESTOR THAT OWNS ALREADY ESTABLISHED BUSINESS
Ownership:
Investors must own at least 30% of the company’s equity and submit an auditing report for its company for the last three years. Besides that, an investor must possess at least three years of successful business track records and active entrepreneurial activities.
Turnover
The company’s yearly turnover must be at least 200 million SGD and at least SGD 200 million per annum on average for the previous three years.
2.INVESTOR THAT FALLS UNDER THE CATEGORY OF NEXT-GENERATION BUSINESS OWNER
Ownership
The investor’s immediate family must own at least 30% of its equity and submit an auditing report for its company for the last three years. Besides that, an investor must possess at least three years of successful business track records and active entrepreneurial activities.
Turnover
The company’s yearly turnover must be at least 500 million SGD and at least SGD 500 million per annum on average for the previous three years.
Additionally, the investor needs to be a member of the company’s management board.
3. INVESTOR THAT IS FOUNDER OF FAST-GROWING COMPANY
Ownership
The investor must be a founder and one of the company’s largest individual shareholders
Turnover
The company must have a valuation of at least SGD 500 million.
4. INVESTOR THAT IS A FAMILY OFFICE PRINCIPAL
The investor must possess at least five years of entrepreneurial, investment, or management track record and net investible assets of at least SGD 200 million.
WHO IS QUALIFIES AS DEPENDENT ON THE APPLICATION?
This program includes:
Parents of the Investor are not eligible to be included in the application for a permanent residency permit. However, they might enjoy certain benefits, such as an option to apply for a visit pass valid for five years.
RETAINING INVESTOR STATUS WHILE BEING OUTSIDE OF SINGAPORE
This program allows investors to spend time away from Singapore but only under one condition: that the investor holds and presents a re-entry permit (REP) that must be valid. The investor must give REP whenever he travels in and out of Singapore.
The investor receives REP upon confirmation of his permanent residence status.
REP can be renewed after the expiration of five years.
APPLICATION PROCESSING TIME
Application processing time is usually 3-4 months
VALIDITY OF GOLDEN RESIDENCY PERMIT
Issued permanent residency is valid for an indefinite time.
PERMANENT RESIDENCE AS THE ROAD TO CITIZENSHIP
The investor receives the right to apply for citizenship after just two years of permanent residence in Singapore. Even if Singapore is almost every year strongest passport in the World, Singapore authorities do not allow dual citizenship. Thus, even if very attractive – this might not be the preferred road to be taken for many investors – as they intend to have at least a dual-citizenship option.
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