Singapore Permanent Residency
The Singaporean Global Investor Programme is a scheme that enables prosperous investors to procure permanent residency in Singapore by injecting no less than SGD 10 million into a qualifying investment.
The investors must satisfy the stringent eligibility requirements to participate in the Global Investor Program (GIP)
Singapore Permanent Residency Benefits
Residency and Family Inclusion
Dependents include:
- Spouse and children under 21.
- Parents and children over 21 can obtain 5-year visit visa.
Travel and Quality of Life
- Permanent Residence permits to live, work and study.
- High quality healthcare and education system.
Singapore Permanent Residency Requirements
Clean criminal record
Eligibility A – Established Business Owner
At least 3 years entrepreneurial and business track record
Company with turnover at least SGD 200 million p.a. (i) on average over the last 3 years, and (ii) in the past year. Can consolidate up to 2 businesses. Business in specified industries.
If privately owned, must hold at least 30%. If publicly listed, applicant must be one of the largest individual shareholders.
Eligibility B – Next Generation Business Owners
Your immediate family has at least 30% or is the largest shareholder in a company that has annual turnover at least SGD 500 million p.a. (i) on average over the last 3 years, and (ii) also in the past year.
You are part of management of this company and the company is engaged in specified industries.
Eligibility C – Founders of Fast Growth Companies
You are a founder and one of the largest individual shareholders of a non-publicly listed company with valuation at least SGD 500 million. Company invested into by reputable venture capital/private equity firms. Company engaged in specified industries.
Eligibility D – Family Office Principals
At least 5 years entrepreneurial investment or management track record. You must have net investible assets at least SGD 200 million.
Singapore Permanent Residency Investment Options
New Business
Singapore PR Eligibility A, B or C acceptable
Invest SGD 10 million in a new business entity or in the expansion of an existing business operation in Singapore. Own at least 30% of company in specified industries.
GIP-Select Fund
Singapore PR Eligibility A, B or C acceptable
Invest SGD 25 million in a GIP-select fund.
Single-Family Office
Singapore PR Eligibility A, B, C or D acceptable
Establish a Singapore-based Single-Family Office with Assets-Under-Management of at least SGD 200 million. At least SGD 50 million must be transferred to SG and deployed in any of the following:
- Equities, REITs or Business Trusts listed on SG exchanges;
- Qualifying debt securities (e.g., bonds, notes, & certificates of deposit) listed on MAS’ Qualifying Debt Securities Enquiry System;
- Funds distributed by Singapore-licensed managers that are listed on MAS’ Financial Institutions Directory; and
- Private equity injection in non-listed, Singapore-based businesses.
Singapore Permanent Residency Process
Processing time 6-9 Months
Due Diligence And Application
Approval in Principle (AIP) issued in about 12 months; investment must be made within 6 months of AIP. Final approval granted upon proof of qualifying investment.
Approval And Investment
Move to Singapore and complete permanent residence (PR) formalities within 12 months from final approval.
Residency
Upon obtaining PR, a Re-Entry Permit (REP) is issued for 5 years to enable PR to be maintained when outside Singapore. Upon expiry the REP is renewed for 3 or 5 years subject to conditions.
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Frequently Asked Questions
What is the Singapore Global Investor Program?
Who is eligible to apply for the Singapore Global Investor Program?
Eligibility for the Singapore Global Investor Program includes:
- Clean criminal record.
- Established Business Owners: 3+ years’ experience, company with at least SGD 200 million annual turnover.
- Next Generation Business Owners: Family ownership of 30%+ in a company with at least SGD 500 million annual turnover.
- Founders of Fast Growth Companies: Major shareholder of a non-public company valued at SGD 500 million+.
- Family Office Principals: 5+ years in management or investment, with SGD 200 million+ in investible assets.
What are the criteria for a 3-year renewal after the Re-Entry Permit (REP) expiry?
Option A: Investment in a Business
- Investment: You must have fulfilled the investment requirement under Option A (invest in a Singapore-based business).
- Employment: Your business must employ at least 30 employees, with at least 10 incremental hires, and at least half must be Singapore Citizens.
- Residency: You or your dependants (who obtained PR through your GIP application) must have resided in Singapore for more than half of the time.
Option B: Investment in a GIP-Select Fund
- Investment: You must maintain an investment of at least SGD 25 million in a GIP-select fund.
- Residency: You or your dependants must have resided in Singapore for more than half of the time.
Option C: Establishment of a Single-Family Office
- Employment: Your Single-Family Office must employ at least 5 incremental Family Office professionals, with at least 3 Singapore Citizens.
- AUM: You must maintain at least SGD 50 million AUM across the four permissible investment categories.
- Residency: You or your dependants must have resided in Singapore for more than half of the time.
What are the criteria for a 5-year renewal after the Re-Entry Permit (REP) expiry?
Option A: Investment in a Business
- Investment: You must have fulfilled the investment requirement under Option A (invest in a Singapore-based business).
Employment or Residency:
- Either: Your business must employ at least 30 employees, with at least 10 incremental hires, and at least half must be Singapore Citizens.
- Or: You or your dependants must have resided in Singapore for more than half of the time.
Option B: Investment in a GIP-Select Fund
- Investment: You must maintain an investment of at least SGD 25 million in a GIP-select fund.
Investment or Residency:
- Either: Continue maintaining the SGD 25 million investment.
- Or: You or your dependants must have resided in Singapore for more than half of the time.
Option C: Establishment of a Single-Family Office
Employment or AUM Requirement:
- Either: Your Single-Family Office must employ at least 5 incremental Family Office professionals, with at least 3 Singapore Citizens, and maintain at least SGD 50 million AUM.
- Or: You or your dependants must have resided in Singapore for more than half of the time.
Can the applicant’s spouse and minor children also benefit from the Singapore Global Investor Program?
Legally married spouses and financially dependent children under 21, including adopted ones, can be included.
Can parents or children over 21 be included in the Singapore Global Investor Program?
Parents and children over 21 are not included but can obtain a 5-year visit visa.
Does the applicant have to prove the source of funds?
Applicants must provide verified evidence of their wealth and audited company reports.
What is the minimum investment amount for Singapore permanent residency?
The Singapore Global Investor Program grants Permanent Residence status to investors with a significant business track record and successful entrepreneurial background who plan to base their business and investment growth in Singapore.
What is a qualifying investment?
Investments can be made in a new or expanded business in approved sectors, an approved fund, or a family office with varying minimum amounts (SGD 10 million, SGD 25 million, SGD 50 million respectively).
What are the approved business sectors under the Singapore investment visa program?
Singapore investment visa Program applicants can invest in the following business sectors:
- Aerospace Engineering;
- Alternative Energy/Clean Technology;
- Automotive;
- Chemicals;
- Consumer Business;
- Electronics;
- Energy;
- Engineering Service;
- Healthcare;
- InfoComm Products and Services;
- Logistics and Supply Chain Management;
- Marine and offshore Engineering;
- Natural Resources;
- Media and Entertainment;
- Medical Technology;
- Nanotechnology,
- Safety and Security;
- Space;
- Shipping;
- Pharmaceuticals & Biotechnology;
- Precision Engineering;
- Professional Services (e.g., consulting, design, etc.);
- Arts businesses (visual arts and performing arts);
- Sports businesses;
- Family offices;
- Financial Services;
Can the applicant make other investments in Singapore after the qualifying investment?
Additional investments or property acquisitions in Singapore are permitted post the initial qualifying investment.
Can the investment be transferred to family members who accompany the applicant?
Investments cannot be transferred to family members included under the program.
When can Singapore Global Investor Program holders apply for citizenship?
Eligibility for citizenship application arises after at least 2 years of permanent residence in Singapore.
Does Singapore allow dual citizenship?
Singapore does not permit dual citizenship; existing citizenships must be renounced.
Will the Singapore Global Investor Program holder be subject to worldwide taxation?
Overseas income not earned in Singapore is exempt from local taxation.
What is Singapore Global Investor Program eligibility?
Singapore Permanent Residency (PR) through the Global Investor Program(GIP) offers a pathway for successful entrepreneurs and investors to obtain PR status. Eligibility includes established business owners with companies generating SGD 200 million+ annual turnover, next-generation business owners of family companies with SGD 500 million+ turnover, founders of fast-growth companies valued at SGD 500 million+, and family office principals with SGD 200 million+ in investible assets.
Investment options range from SGD 10 million in a new business to SGD 25 million in a GIP-select fund or establishing a family office with SGD 200 million in assets under management.
The process typically takes 6-9 months, and successful applicants can include their spouse and children under 21 in their PR application