Wealthy foreigners qualify for Permanent Residency (PR) status in Singapore: This GIP program is not for everyone. However, if you are interested in settling in Singapore’s coveted district with the ultimate convenience and have millions of dollars in assets ready to invest in Singapore, one of these programs may be for you.
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Global investor program
Applications for permanent residence in the Global Investor Program are reviewed by the Economic Development Council (EDB) and Contact Singapore. To be considered for GIP PR status, investors must:
Option 1: Invest at least S $ 2.5 million to start or expand an existing business in Singapore. This initial investment must be approved before the investment by the Singapore incorporated venture capital fund or Singapore incorporated foundation or another trust focusing on economic development.
Option 2: Invest at least S $ 2.5 million in GIP approved funds. This initial investment must be approved by the Singapore Venture Capital Fund or the Singapore Foundation or other economic development trust before investing.
The Global Investor Program allows applicants to include their immediate family in their PR application. Immediate family includes the applicant's spouse and unmarried children. The applicant's parent or spouse can apply for a long-term visitor card that is renewable for five years.
Financial investor system
The application for the financial investor scheme for PR is reviewed by the Monetary Authority of Singapore known as MAS.
Assets can include bank deposits, equity, and other investment vehicles. Up to S $ 3 million or S $ 5 million may consist of investment in land or land and buildings in Singapore.