As an investor who is interested to start up a business or invest in Singapore, you may apply for the Singapore Permanent Residence (PR) status through the Global Investor Programme (GIP).
At present, under the Investor Scheme, you can choose either of the following investment options:
Option A: Invest at least S$2.5 million in a new business startup or expansion of an existing business operation.
Option B: Invest at least S$2.5 million in a GIP-approved fund that invests in Singapore-based companies.
This minimum investment input is only one of the criteria to qualify for GIP. You will need more than money to earn your permanent residence status through the Investor Scheme. You must prove to the authorities that you have an entrepreneurial flair, by showing a good track record and furnishing a credible business proposal or investment plan.
In order to qualify for the GIP Scheme you must:
Meet the minimum investment requirement of S$2.5 million under one of the investment options specified below.
Possess at least three years of business or entrepreneurial track record;
Ensure that your existing business meets the following turnover requirements:
For companies in the real estate or construction-related industries: A minimum of S$200 million in the most recent year and at least S$200 million per annum on average for the preceding three years.
For companies in other business sectors: A minimum of S$50 million in the most recent year and at least S$50 million per annum on average for the last three years.
Have at least 30% shareholding in the company if it is privately owned;
Submit audited financial statements of your company for the last three years;
If you own more than one business, you must submit the financial statements of the company which has the highest turnover. You are free to consolidate your businesses in order to meet the minimum annual turnover criteria. Authorities will also take into account the factors such as your role and position in the company, and the profitability of your company.