SINGAPORE PERMANENT RESIDENCY

The Singapore Global Investor Programme is a residence by investment program. It provides Permanent Residence status in Singapore to investors with substantial business track record and successful entrepreneurial background who intend to drive their business and investment growth from Singapore.

To qualify the applicant must meet eligibility requirements which include:

• Clean criminal record
• Have a substantial entrepreneurial background (at least 3 years’ experience), and will need to provide 3 years of audited financial statements
• Have run a business with annual turnover of at least SGD50 million in the year prior to application and at least SGD50 million p.a. on average over the last 3 years.
• Applicants can consolidate their businesses to meet the minimum turnover requirement
• If the company is privately owned, the applicant must have a shareholding of at least 30%.
• Submit a detailed business or investment plan, including key milestones, which must be realised within 3 years of the date of investment
• The business must be in an approved industry sector

To apply for the Singapore Global Investor Programme the applicant must:

• Pay an application fee to the Singapore Government
• Submit application forms and supporting documents within 1 month of payment of the application fee
• Attend an interview with Contact Singapore
• Wait for an Approval in Principle (AIP) – typically issued in 2 – 4 months
• Make the investment within 6 months of the AIP
• Obtain final approval upon proof of qualifying investment
• Move to Singapore and complete permanent residence (PR) formalities within 12 months

Yes, if a permanent resident of Singapore leaves Singapore they will be issued a 5 year Re-Entry Permit to enable PR to be maintained when outside Singapore.

Upon expiry the REP may be renewed for 3- or 5-years subject to:

• The number of employees hired; and
• The business expenditure; and
• The amount of time spent in Singapore

Yes, the spouse (or life partner) and children who are under 21 years old (including adopted children) that are financially dependent on the applicant may be included.

No. however parents and older children are entitled to obtain a 5 year visit visa

Yes, the applicant must provide substantial evidence of their wealth as well as audited reports from the companies that they have managed.

The applicant must make a minimum investment of at least SGD 2.5 million in a qualifying investment.

The applicant must invest in one of the following:

• A new business entity in an approved business sector.
• The expansion of an existing business in an approved business sector.
• An approved fund that invests in Singapore based companies

Singapore Global Investor Program applicants can invest in the following business sectors:

• Automotive;
• Consumer Business;
• Education;
• Electronics;
• Energy;
• Environment;
• Healthcare;
• Logistics and Supply Chain Management;
• Natural Resources;
• Pharmaceuticals & Biotechnology;
• Professional Services, etc.

This list is not exhaustive. The full list is available at:.

https://www.edb.gov.sg/en/how-we-help/global-investor-programme.html

Yes, the applicant is totally free to make additional investments or other acquisitions such as property.

No, the investment cannot be transferred.

Singapore Global Investor Programme holders will become eligible to apply for citizenship after having lived in Singapore and held permanent residence for at least 2 years.

No, citizens of Singapore must renounce all other Citizenships.

No, once the applicant obtains permanent residence in Singapore the applicant will be subject to Singapore taxation.

Overseas income (not earned in Singapore) is not subject to Singapore taxation and need not be declared

Yes and the applicant must obtain a Singapore Tax ID number.