Singapore GIP Programme
Singapore’s Global Investor Programme (GIP) accords permanent residence status to eligible investors who drive growth in the country’s economy. The programme is aimed at high net-worth individuals and encourages successful businesspeople and entrepreneurs to invest in new or existing business ventures, or to invest in a GIP-approved fund.
Singapore’s excellent standard of living has encouraged many individuals to relocate through the GIP programme. 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 level of political stability, and is rated as one of the wealthiest countries in terms of GDP per capita.
Applicants 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.
Benefits of Singapore Residency
Those that have permanent residency in Singapore can benefit from a number of key advantages, including:
- Right to live, work, study, and undertake business in Singapore
- Access to excellent infrastructure, education and healthcare
- Political stability and low crime rates
Applicants are eligible to apply for PR under the GIP if they have a substantial business track record and a successful entrepreneurial background.
Each Singapore GIP residency option has a specific application process and a particular set of documentary requirements that must be fulfilled. Applicants can choose one of the following investment options:
Option 01 INVESTMENT IN A BUSINESS ENTITY
Applicants can invest a minimum of SGD 2.5 million in a new business entity or expansion of an existing business operation.
Option 02 INVESTMENT IN GIP-APPROVED FUND
Applicants can invest a minimum of SGD 2.5 million in a GIP-approved fund that supports Singapore-based companies and aids in the implementation of a business plan in Singapore.