GIC

The Global Investor Programme eases the way for foreigners to set up and operate businesses in Singapore.  For more information on the Global Investor Programme and application process, please refer to the following links:

(I) SUBMISSION OF SGIP APPLICATIONS
Please submit your SGIP online E-application and hardcopy documents to Contact Singapore before Friday, 31 December 2010 if you would like your SGIP application to be considered under the current policy criteria.  In particular, all hardcopy documents should reach the Contact Singapore office by 10am on 31 December 2010.


Any submission after the above stated deadline would be reviewed under the new policy criteria.


Please take note of the impending changes to the GIP, as follows:

(II) INVESTMENT OPTIONS
The following changes in investment options will take effect from
1 January 2011:

Under the programme, applicants can choose one of the following investment options:

Option A: Invest at least S$2.5 million in a new business entity or expansion of an existing business operation.

Option B: Invest at least S$2.5 million in a GIP-approved fund.

The option of partial investment in residential property for owner occupancy would no longer be available.

(III) PROVISIONS FOR APPLICANT’S FAMILY
The following change will take effect from 1 January 2011:

Parents and parents-in-law are not eligible to be included in the main applicant’s GIP application for PR status. Instead, they can apply for a 5-year Long Term Visit Pass (LTVP), which is renewable and tied to the validity of the main applicant’s re-entry permit.