If you are planning to relocate to Singapore and you have sufficient funds to invest, you could consider using the GIP Scheme to acquire your PR status. Your investment into Singapore’s economy is valuable as it will generate economic spin-offs and create employment. Singapore’s business-friendly policies, relatively low taxes, modern infrastructure, safety and clean environment have always appealed to foreign investors who are looking to relocate here.
Using your investment funds, you could consider either launching a new enterprise or enriching an existing one in Singapore. You must, however, prove to the authorities that you have what it takes to make a business succeed, both in terms of your experience and how you plan to go about it. The Singapore government often acts as the link in finding suitable partnerships between foreign investors and local business networks.
You can apply for Singapore PR (permanent residence) if you are willing to invest in the country and support your funds with proven entrepreneurial skills. This particular scheme, officially known as Global Investor Programme (GIP Scheme), is often referred to as the Investor Scheme.
As an investor who is interested in starting a business or investing in Singapore, you may apply for the Singapore Permanent Residence (PR) status through the Global Investor Programme (GIP). You are eligible to apply if you meet the following qualifying criteria:
|Profile||Established business owners||Next generation business owners||Founders of fast growth companies||Family office principals|
|To qualify||a) You must possess at least 3 years of entrepreneurial and business track record; b) You should currently be running a company1with an annual turnover of at least SG$200 million in the year immediately preceding your application, and at least SG$200 million per annum on average for the three years immediately preceding your application; c) If your company is privately-held, you should have at least 30% shareholding in the company; AND d) Your company must be engaged in one or more of the industries listed below.|| a) Your immediate family should have at least 30% shareholding or is the largest shareholder in the company you use to qualify; |
b) This company’s annual turnover must be at least SG$500 million in the year immediately preceding your application, and at least SG$500 million per annum on average for the three years immediately preceding your application;
c) You must be part of the management team of the company (e.g. C-suite/Board of Directors); AND
d) Your company must be engaged in one or more of the industries listed below.
|a) You must be a founder and one of the largest individual shareholders of a non-publicly listed company with a valuation of at least SG$500 million; |
b) Your company must be invested into by reputable Venture Capital/Private Equity firms; AND
c) Your company must be engaged in one or more of the industries listed below.
| a) You must possess at least 5 years of entrepreneurial, investment or management track record; AND |
b) You must have net investible assets of at least SG$200 million.
(NB: Net Investible Assets include all financial assets, such as bank deposits, capital market products, collective investment schemes, premiums paid in respect of life insurance policies and other investment products, excluding real estate. Contact Singapore reserves the right to exercise judgement in determining the suitability of the applicant’s Net Investible Assets.)
|Investment options||Option A or B or C||Option A or B or C||Option A or B or C||Option C|
Investment options under GIP scheme
|Investment options||New requirements (w.e.f. 15 Mar 2023)|
|Option A||Investment conditions||Demonstrate an investment of at least SG$10 million (including paid-up capital) in a new business entity or existing business operation in Singapore upon AIP.|
|Re-entry Permit (REP) Renewal Conditions |
|Hire at least 30 employees, of which at least 15 must be SCs, by Year 5 of PR status. Of these, at least 10 must be incremental hires.|
|Option B||Investment conditions||Invest SG$25 million in a GIP-select fund that also invests in Singapore-based companies.|
|REP Renewal Conditions (Economic)||Maintain investment in the GIP-select fund.|
|Option C||Investment conditions||Establish a Singapore-based SFO with AUM of at least SG$200 million, of which at least SG$50 million must be deployed in any of the following 4 investment categories, no later than 12 months from the date of the Final Approval letter: Companies listed on MAS-licensed exchanges;Qualifying debt securities;Funds distributed Singapore-licensed/registered managers; orPrivate equity injection into non-listed Singapore-based businesses.|
|REP Renewal Conditions (Economic)||Maintain at least SG$50 million AUM across any of the 4 investment categories throughout the 5-year PR status; and |
Hire at least 5 incremental Family Office professionals, of which at least 3 must be SCs, by Year 5 of PR status.