Global Investor Program (GIP): Citizenship with S$2,500,000 setting up a business in Singapore

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Investing in a new or an existing business
You must invest at least S$2,500,000 setting up a business in Singapore, or invest in an existing one.

You will be required to detail a 5-year business or investment plan with projections regarding employment and finance. The 3rd year milestone detailed in your business plan and the whole business plan must be achieved within the first 5 years of Permanent Residence.

If you are investing in an existing Singaporean company, the 3rd year milestone must be at least the hiring of 5 additional employees, an additional annual business expenditure of S$1,000,000 to the company’s workforce and annual expenditure from the date of your investment.

The company must be engaged in at least one of the following industries:

Aerospace Engineering, Alternative Energy/Clean Technology, Automotive, Chemicals, Consumer Business (e.g. flavour and fragrances, food ingredients, nutrition, home and personal care), Electronics, Energy, Engineering Services, Healthcare, Infocom Products & Services, Logistics & Supply Chain Management, Marine & Offshore Engineering, Media & Entertainment, Medical Technology, Nanotechnology, Natural Resources (e.g. metals, mining, agri-commodities), Safety & Security, Space, Shipping, Pharmaceuticals & Biotechnology, Precision Engineering, Professional Services e.g. consulting, design, Arts Businesses, Sports Businesses, Family Offices & Financial Services.
Investment must be made within 6 months after your permanent residency approval-in-principle.

Once you get your Permanent Residence permit, a 5-year Re-entry permit (REP) will be issued. This permit allows you to maintain your Singaporean immigration status when you are abroad.

For a three-year renewal:
– You or at least one of your dependents have resided in Singapore for more than half the time in the previous 5 years; OR
– The company that you have invested in employs at least 5 more employees in addition to those employed at the 3rd year milestone, with at least 5 Singaporean citizens amongst all employees, and the annual business expenditure is at least S$1,000,000 more than the expenditure incurred at the 3rd year milestone.

For a five-year renewal:
– You or at least one of your dependents have resided in Singapore for more than half the time in the previous 5 years; AND
– You have fulfilled investment conditions; AND
– The company that you have invested in employs at least 5 more employees in addition to those employed at the 3rd year milestone, with at least 5 Singaporean citizens amongst all employees, and the annual business expenditure is at least S$1,000,000 more than the expenditure incurred at the 3rd year milestone.

Your spouse and unmarried children below 21 y.o. may be included in your Permanent Residency application. Note that your male children who become PR may be liable for National Service.

If you wish to bring your parents and unmarried children 21 y.o. and above, they may apply for a 5-year Long-term Visit Pass (LTVP), which will be tied to your REP.

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ASSESSMENT CRITERIA4 FOR INVESTMENT OPTIONS

Option A
Demonstrate an investment of minimally S$10 million in a new business entity or in the expansion of an existing business operation in Singapore. • Applicants who apply for Option A must submit a detailed 5-year business or investment plan with projected employment
Option B
Invest S$25 million in a GIP-select fund* that invests in Singapore-based companies. • Applicants who apply for Option B may be requested to share any other business plans for Singapore apart from the investment in a GIP-select fund
Option C
Establish a Singapore-based Single-Family Office with Assets-Under-Management (AUM) of at least S$200 million, where minimally S$50 million must be transferred into Singapore and deployed in any of the 4 investment categories listed below. • Applicants who apply for Option C must submit a detailed 5-year business plan with projected employment and annual financial projections (as outlined in Form B of the GIP Application Form
Citizenship application fee
After two years of Permanent Residence, you may be eligible for citizenship under the economic scheme, based on your own merits. You will need to show exceptional economic merits and/or family ties with a citizen to get the application approved. The final decision is at the sole discretion of the Government of Singapore. It is important to note that Singapore does not recognize dual citizenship. Therefore, to become a Singaporean citizen, you must renounce your previous nationality. Requirements - You must have at least 3 years of an entrepreneurial and business track record and must show evidence of it, with an audited financial statement of your company for the last 3 years by an accredited audit firm. - Your company’s turnover must be at least S$50 million in the year preceding your application, and at least S$50 million per annum on average for the three years preceding your application. You may consolidate your businesses to meet the minimum turnover criteria, all of which must only be engaged in one or more of the industries detailed above. - If your company is privately-held, you should have at least a 30% shareholding in the company. Your role in the company, as well as the growth and profitability of your company, will be taken into consideration. - After making the required investment, you must submit the documentary evidence of it via a certified copy of the investment documents, a bank statement showing that the investment was made from your personal bank account opened in your sole name with a Singaporean registered bank, and the original signed undertaking on the Terms and Conditions of the investment made. - Submit the audited financial statements at the end of the 2nd, 3rd, and 4th year of your investment.
$ 76.00

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mil
a year ago
Some people in here are really toxic
Peiyi Wang
8 years ago
Supporting Singapore's economy
Agus R
5 months ago
Ti Long
a year ago
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Global Investor Program (GIP): Citizenship with S$2,500,000 setting up a business in Singapore