IMMIGRATE TO SINGAPORE THROUGH INVESTMENT
Global Investors Program
Investment immigration is where an individual invests a set amount of money into the country he or she wishes to gain a residency permit in, thus enabling them to live and carry out business within that country. It is important to acknowledge that each jurisdiction provides for different requirements to be met in order to qualify for a residency visa.
Singapore is a highly sought after location for foreigners to permanently reside in due to its strong, stable and wealthy economy. Singapore offers a high standard of living with excellent health care and education. It has a relatively attractive tax regime and a strong political and legal infrastructure with strict compliance to Singapore regulations. Furthermore Singapore enables effective business relations across Asia and the Middle East. Foreign investors can benefit from Singapore’s lenient immigration rules, allowing them to gain easier approval for a residency visa than most other countries.
Singapore’s Economic Development Board (EDB) is in charge of investor immigration. Investor Immigration under the EDB is known as the Global Investors Program (GIP), which is designed specifically to help and encourage foreign investors into Singapore.
The Permanent residence visa category is the most sought after program in Singapore. As the investor program is not run by the Government’s immigration department, this levies long delays in visa approvals and enables the department to focus their efforts on facilitating investor residency.
The Immigrant Investor program requires the applicant to apply under one of the following categories:
Before choosing the most suitable investment program, you must assess whether you meet the Singapore investor credentials.
The main conditions one must satisfy to become a foreign investor into Singapore include:
The process for the investor application will begin upon receipt of all required documents. If the application has been approved, the applicant will receive an Approval- In – Principle (AIP) Permanent Resident (PR) status that will be valid for 6 months. The applicant will be required to make an investment within 6 months of gaining residency approval.