Singapore

Singapore Investment Immigration Programs Overview

Singapore’s passport is ranked the world’s second most powerful with citizens having visa free access to 176 countries. For investors seeking to start a business or invest in Singapore, the country offers the Global Investor Program which grants applicants permanent residence status. Applicants are required to reside in Singapore with the expectation that investments will generate economic activities benefitting the local business environment. Permanent residence status allows an individual to live and work in Singapore for at least five years.

Global Investor Program (GIP)

The Global Investor Program (GIP) is for entrepreneurs or investors seeking to make investments in Singapore and want to reside in Singapore. Spouse and children under 21 can apply for permanent residence under the GIP program. However, male children will be liable for national service.

There are three investment options for GIP candidates. The first option is investing S$10 million ($7.42 million) in a new or existing business entity, hiring at least 30 employees half of which have to be Singaporean citizens and 10 of which have to be new hires.

The second option is investing S$25 million ($18.6) in a GIP-selected fund. The third option is to establish a Singapore-based Single Family Office (SFO) with Assets-Under-Management (AUM) of at least S$200 million ($148.79 million).

Utilizing one of these options will grant investors a renewable five-year visa, and rights to reside and do business in Singapore.

ONE Pass 

The second route to Singapore citizenship for HNWIs is by obtaining ONE Card, which is granted to foreign nationals who make at least S$30,000 ($22,000) from a Singapore-based business.

The ONE Pass is issued for five renewable years, and enables its holders to travel freely in and out of the country, freedom to launch businesses, and includes applicants’ spouses and dependents up to the age of 21. 

Citizenship By Investment

While Singapore does not have a CBI program, citizenship can be obtained after two years of permanent residence in Singapore. However, Singapore is a single citizenship country.

How To Apply

Investors must apply through the Contact Singapore website. Investors can apply for permanent residency under the Global Investor Program if they have at least three years of a successful business track record and entrepreneurial background. They must provide audited financial statements of their company for the last three years. Investors who have a company in the real estate or construction-related industry must have a turnover of SGD 200 million in the most recent year and at least SGD 200 million per annum for the last three years. Investors who have a company in other sectors, must have a turnover of SGD 50 million in the most recent year and SGD 50 million per annum for the last three years.

Mobility

Successful applicants will be given a renewable five-year reentry permit, allowing open travel in and out of Singapore. Citizens have visa free access to 176 countries, including Europe, the Schengen area and the United States. 

Country

Singapore has a strong economy and strategic location for trade and business and is one of Asia’s largest trading hubs. Singapore is ranked number 2 in the world by the World Bank for its ease of doing business. Singapore is also a modern and developed country with a low crime rate.

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