Singapore’s Global Investor Programme (GIP) grants permanent residence status to eligible investors who drive growth in the country’s economy. The GIP is aimed at high-net-worth individuals and encourages successful businesspeople and entrepreneurs to invest in new or existing business ventures, or a new or existing Singapore-based family office.
Singapore remains one of the world’s strongest economies and is a global hub for business and innovation. It is also one of the world’s most connected countries, strategically located along the world’s major trade, shipping, and aviation routes.
Singapore’s excellent standard of living has encouraged many individuals to relocate through the GIP. Frequently voted the best Asian country in which to live, Singapore has emerged as a world-class destination with excellent infrastructure, public services, and one of the most harmonious multicultural communities in the world. It also boasts one of the world’s lowest crime rates, a high level of political stability, and is rated as one of the wealthiest countries in terms of GDP per capita.
Residents above 21 years old can also apply for citizenship after two years of permanent residence in Singapore. However, Singapore is a strictly single citizenship country, meaning that applicants must relinquish any existing citizenship elsewhere before naturalisation is possible.
Those who have permanent residency in Singapore can benefit from several key advantages, including:
|Applicants are eligible to apply for permanent residence under the GIP if they meet the qualifying criteria, including having a substantial business track record and a successful entrepreneurial background.
Each Singapore GIP investment option has a specific application process and a particular set of requirements that must be fulfilled. Applicants can choose one of the following investment options:
|INVESTMENT IN A BUSINESS ENTITY
|An investment of SGD2,500,000 in a new business entity or in the expansion of an existing business in a permitted industry.
Under this option, applicants must submit a detailed 5-year business or investment plan with projected employment,
expenditure, and financial projections. The business plan will be assessed on its feasibility, the applicant’s role in the company,
the business activities, and the creation of local jobs.
|APPROVED GOVERNMENT FUND
|A contribution of SGD2,500,000 into a government-approved ‘GIP’ fund that invests in Singapore-based companies.
Under this option, applicants will be assessed based on their future business or investment plans in Singapore. This may
include specific details on proposed business activities, amount of investment, and the creation of local jobs.
|SINGAPORE-BASED SINGLE FAMILY OFFICE
|An investment of SGD2,500,000 in a new or existing Singapore-based single family office having Assets-Under-Management of
at least SGD200,000,000.
Under this option, applicants must submit a detailed 5-year business plan with projected employment and annual financial
projections. The business plan will be assessed based on the applicant’s role in the single family office, the functions of the
family office, the proposed investment sectors, asset types, and geographical focus.
|The following basic fees apply to the three options:
|• Application Fee
Per Application SGD10,000
• Permit Processing Fee
Per Applicant SGD100
• Bank transfer fees
• CS Global Partners Professional Fees
Investor must fit one of four profiles:
A Singapore permanent resident above 21 years old with at least two years of permanent residence may apply for Singapore citizenship. Each application made is considered according to the prevailing policies based on the merits of the case.
If successful, naturalised citizens can apply for a Singapore passport.
Singapore is a strictly single-citizenship country, meaning that applicants must relinquish any existing citizenship elsewhere before naturalisation is possible.
1. Upon approval of the application, the investor is granted Approval-in-Principle (AIP) Permanent Residence status.
2. Upon the making of the investment and submission of evidence thereof, the investor is granted a Final Approval of his or her Permanent Residence status.
3. Within 12 months of Final Approval, the investor must formalise his or her Permanent Residence status.
4. Upon receipt of Permanent Residence status, the investor receives a Re-Entry Permit that allows the investor to travel in and
out of Singapore without affecting his or her Permanent Residence status. Valid for an initial 5 years, the Re-Entry Permit must be renewed for either 3 or 5 years, subject to the investor fulfilling certain conditions.
What are the investment options under the Singapore Residency by Investment Programme?
What are the applicant eligibility requirements?
The investor must fit one of four profiles:
Note that family office principals are only eligible to choose the ‘investment in a Singapore-based single family office’ option.
Which family members can I include in my application for residency?
The following family members may be included in the application for permanent residence:
The following family members are not eligible to be included in the application, but may instead apply for a five-year Long Term Visit Pass (whose validity is dependent on the investor’s Re-Entry Permit):
Is there a residency requirement?
Yes. Applicants who wish to renew permanent residence status must have resided in Singapore for more than half of the time from obtaining permanent residence status to renewal.
How long does it take to process a Residency by Investment application?
Applications take approximately 3 months to be processed. This is subject to complete submission of all required supporting documents at the point of application. Applications will also be subject to due diligence checks.
Are citizens of certain countries not allowed to apply?
Singapore does not explicitly restrict citizens of any countries or territories.
What is the duration of the residence permit?
The permit is valid for an initial five years; the Re-Entry Permit must be renewed for either three or five years, subject to the investor fulfilling certain conditions.
Is this programme for me?
The Singapore GIP eases the way for global professionals to set up and operate businesses in Singapore.
The following persons may be a good fit for the Programme: