Singapore is frequently voted the best Asian city in which to live due to its excellent infrastructure and public services. It has one of the lowest crime rates in the world and offers a high quality of life to its residents. Globally, it is rated one of the wealthiest countries when measured by GDP per capita.
Foreign nationals may apply for permanent residence status through the Singapore Global Investor Program. The program is aimed at entrepreneurs or investors who are interested in making substantial financial investments in Singapore and is designed to attract wealthy foreign nationals who wish to make Singapore their home.
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Factsheet
Minimum investment of SGD 10 million
Eligibility for citizenship after two years of permanent residence
It is one of the Singaporean government’s objectives to attract talent to the country for residence and work. The government’s intention is for foreign nationals to make Singapore their home by becoming permanent residents.
The Singapore Global Investor Program has been designed for wealthy and experienced foreign entrepreneurs, business owners, and managers who are interested in starting a business or investing in Singapore and who wish to make the country their home. Successful applicants receive Singaporean permanent residence status within nine to twelve months.
Singapore has emerged as a world-class destination with a harmonious multiracial and multicultural community. It has a population of 6 million people, with English and Mandarin as the main languages spoken. Living in Singapore means that residents benefit from the country’s political stability and economic prosperity. Singapore also has a reputable education system and a reliable healthcare system.
The country has a friendly tax regime and has continued to introduce tax regulations that favor foreign investors. Singapore’s taxation system operates on a territorial basis.
Established business owners, next-generation business owners, founders of fast-growing tech companies, and family office principals with substantial entrepreneurial, business, and management experience may select one of the following investment options to acquire Singaporean permanent residence.
Option A:
Demonstrate an investment of SGD 10 million (including paid-up capital) into a new or existing business in Singapore, and hire at least 30 employees to be eligible for the re-entry permit renewal after the initial five-year period. At least half the employees must be Singaporean citizens and 10 must be new hires if the business was already in existence.
Option B:
Invest SGD 25 million into a fund approved by the Singapore Economic Development Board that invests in Singapore-based companies.
Option C:
Establish a Singapore-based single family office with assets under management of at least SGD 200 million. At least SGD 50 million of the assets must be deployed and maintained throughout the five-year residence period in any one of the following investment categories:
To qualify for the re-entry permit renewal under Option C, hire at least five incremental family office professionals by the end of the five-year period. At least three employees must be Singaporean citizens.
Applicants who wish to live in Singapore must submit a personal profile and a proposed investment plan using an e-application form with supporting documentation in hard copy. They are required to attend an interview after submitting the application. If an applicant meets all the criteria, the Immigration and Checkpoints Authority of Singapore will issue an approval in principle. This approval is valid for six months during which applicants must make the requisite investment under the chosen investment option. Successful applicants must formalize their permanent residence status within one year of receiving their final approval letter.
The spouse of the investor and their children (under 21 years old) are eligible to apply for permanent residence under the investor’s application. Male dependents will be liable for national service.
Parents and unmarried children of the investor who are 21 years old and above are not eligible to be included in the application for permanent residence status, but they may instead apply for a five-year long-term visit pass.
Upon the formalization of their permanent residence status, the investor will be issued with a re-entry permit (REP) for five years. A valid REP is necessary whenever you wish to travel in and out of Singapore. It enables the investor to retain their permanent residence status while away from Singapore.
After the first five years, the REP can be renewed if the investor fulfills certain conditions that are subject to the chosen option. There are different renewal requirements for the REP at the end of the fifth year, based on business milestones being met, physical time spent in Singapore, or a combination of these.
Singaporean citizenship is offered on a single citizenship basis. After two years of permanent residence in Singapore, it is possible to apply for Singaporean citizenship.
The Singaporean passport is the strongest travel document in the world, according to the Henley Passport Index. It provides the holder with visa-free or visa-on-arrival access to 193 destinations, including Europe's Schengen Area, Canada, China, and the USA.
The country does not allow dual citizenship, and this rule is strictly enforced. For this reason, Singapore is not the ideal option for individuals who are interested in holding more than one citizenship and passport.
The Singapore residence by investment program, known as the Global Investor Program (GIP), grants residence to individuals and their families through significant economic contributions.
Investment options include investing in a new or existing business in Singapore, investing in a fund approved by the Singapore Economic Development Board, or establishing a single-family office with significant assets under management in specified categories.
Benefits include the right to live, work, and study in Singapore, a politically, economically, and socially stable country, as well as access to a favorable tax regime, and a high quality of life.
The minimum investment starts at SGD 10 million.
Processing times for residence by investment applications may vary. Please contact us to find out more.
Yes, the main applicant can include their spouse and dependent children in the application.
Applicants must spend at least 183 days per year in Singapore to maintain their residence status.
Required documents include a valid passport, proof of investment or contribution, a clean criminal record, and other supporting documents.
Yes, after maintaining residence for two years, investors may be eligible to apply for Singaporean citizenship.
Applicants must submit an online personal profile and investment plan with supporting documents, attend an interview, and if approved, have six months to make the required investment. Permanent residence must be finalized within one year of final approval.
Should you have any questions, or if you would like a detailed breakdown of the exact costs for your family, kindly contact us and we will be delighted to help you.
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