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Singapore Global Investor Programme
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Singapore Global Investor Programme
Singapore Investor Visa
The Singapore Global Investor Program is an ideal choice for global investors with proven entrepreneurial skills who are willing to invest in Singapore and support the economic growth and development of the country. Also known as the Investor Scheme, the program enables eligible global investors to permanently relocate to Singapore by way of investment. All they need is sufficient funds for investment, considerable business track record, and successful entrepreneurial background to be eligible.
- Singapore is the best country to do business mainly because of its competitive tax policies, business-friendly ecosystem, tax reliefs, superb connectivity, and flexible labor laws.
- Singapore is home to the world’s most popular companies across various industries. The country is well-situated at the heart of South-Asia, making it one of the emerging markets for India and China.
- Singapore consistently ranks top in World Bank’s rank for ease of doing business due to the country’s seamless and hassle-free startup business processes.
- According to the Economist Intelligence Unit and the Global Innovation Index (GII), Singapore is the most attractive investment destination and the best country in terms of innovation.
- The government of Singapore has signed double tax agreements with more than 80 countries. These agreements allow smooth facilitation of business and trading activities across various borders, resulting in lower tax barriers, easy investment, and higher scope for business expansion.
- Singapore’s economy is considered to be the freest economy, ranking first among 42-countries in the Asia-Pacific region for ensuring the world’s highest per capita incomes and exemplary GDP growth.
- It is the only country in the world considered economically free in all aspects of the economic parameters.
- Singapore is a prosperous nation applauded for providing a business-friendly regulatory environment followed by a very low unemployment rate.
- The economy of Singapore is largely driven by the manufacturing sector, contributing 20%-25% of the country’s annual GDP. Other emerging industries are medical technology, aerospace engineering, clean energy, healthcare, and content development.
- Singapore is the third wealthiest nation in the world, enjoying incredible rates of foreign direct investment (S$62 billion in 2017). It’s a country of entrepreneurs and innovative businesses, so if you are looking for a place to establish or expand your business- Singapore is the perfect place for you.
- There are many industries in Singapore foreign investors may benefit from. Some of these booming industries are- logistic industry, chemical industry, biomedical, tourism, information and technology, and many more.
- Singapore’s retail industry also has numerous opportunities for aspiring entrepreneurs who want to call this modern country their home.
Singapore Global Investor Programme- Pathways for Investment
There are currently two pathways under the GIP scheme:
Option A- a minimum investment of S$2.5 million in a new business entity or expansion of an existing business.
Option B– a minimum investment of S$2.5 million in a GIP fund is required to invest in a Singapore-based company.
Investment is one of the most essential criteria for selection under GIP. Additionally, prospective candidates must demonstrate that they have great entrepreneurial skills and a history of managing successful business operations.
Singapore Global Investor Programme- Application Process
- The applicant must first pay the application fee to the bank account of Economic Development Board. Make sure you submit the document within first week of making the payment.
- Once the above step is done, download the forms for Option A or Option B from the Contact Singapore website. The applicant must provide the details related to the investment amount and receipt of payment made toward the application fee.
- After uploading the forms, send hard copies of the supporting documents to the Contact Singapore. Your documents must include a declaration of the investment plan, the transaction slip, and an undertaking that you have understood the terms and conditions of the GIP scheme.
- If your documents are approved and you are also eligible for the PR, you will be asked to attend an interview session.
- If your application is approved, the Immigration and Checkpoints Authority will issue an Approval-in-Principle (AIP) PR status which will be valid for 6 months.
- On issuance of the AIPPR status, you must make the investment of S$2.5 million in any of your chosen options.
- Once you have cleared all the formalities, the ICA will review your investment and issue an approval of PR visa status.
Singapore Global Investor Programme - Eligibility Criteria
To be eligible under the GIP scheme, you must:
- Fulfil the minimum investment criteria of S$2.5 million either directly in a Singapore-based company or in a GIP fund that invests in Singapore companies.
- Hold at least three years of valid experience of running a successful business. The applicant must also submit audited financial statements for the last three years.
- Your existing business must have an annual turnover of S$200 million in the most recent years and S$200 million per annum for the last three years.
- Hold 30% of the ownership in his/her company if it’s a private company.
List of approved businesses under the GIP Scheme
If you are planning to apply for a PR visa in Singapore, then please refer to the following list of approved businesses for GIP scheme:
- Aerospace Engineering
- Alternative Energy
- Automotive
- Chemicals
- Consumer Business
- Education
- Electronics
- Energy
- Environment & Water Technology
- Engineering Services
- Healthcare
- Infocomm Products & Services
- Logistics & Supply Chain Management
- Marine & Offshore Engineering
- Media & Entertainment
- Medical Technology
- Nanotechnology
- Natural Resources
- Safety & Security
- Space
- Pharmaceuticals & Biotechnology
- Precision Engineering
- Professional Services
- Lifestyle Products & Services (including: (a) Visual Arts, e.g. art galleries, museums, auction houses, art logistics, art storage facilities, (b) Performing Arts, e.g. art theaters, production houses, (c) Sports, e.g. sports academies, headquarters of sports companies, etc.)
Apply for Permanent Residency Status in Singapore with Family
Under the GIP scheme, families of selected investors are eligible to apply for a PR visa in Singapore provided you meet the following guidelines:
- Your children must be below 21 years of age at the time of apply
- If your children are above 21 years and you want to include your parents in the application, then they can apply for the 5-year Long Term Social Visit Pass (LTSVP). It’s a renewable visa and is tied to the validity of your re-entry permit.
Documents Required
The following list of documents are required to apply for the Global Investor Program:
- Form A: Application for Permanent Residence for Investors
- Form B: Proposed Investment Plan
- Undertaking on the Terms & Conditions of the Programme
- Form 4: Application for An Entry Permit to Enter Singapore
- Other supporting documents, wherever applicable
Processing Time
It takes around 6-8 months for an application to be fully processed under the global investor Programme.
Abhinav: India’s Most qualified Immigration Consultant for Entrepreneurs, Investors and HNI’s
- Only Immigration specialist having an expert team and experience in dealing with business and investor applications for almost 2 decades. This is highly demanding, high risk category of Immigration.
- Profile Assessment to identify the right country and program, viz. Residency by Investment or Citizenship by investment or Entrepreneur programs.
- Special advice for dependent/non-dependent children and parents.
- Special advice for clients having limitations of staying outside India for long.
- Documentation Guidance critical to acceptance including all important area of source and path of funds, business and personal net worth.
- Professional Business Plan Drafting.
- Market Research vis-à-vis Business for Sales listings and Start-up ideas.
- Online IELTS Coaching.
- Overseas Company Incorporation.
- Taxation planning and advice.
- Planning and coordinating Exploratory Visits with active assistance from Local associates.
- Start-up Guidance and coordination vis-à-vis Incubators, Angel Investors and Venture Capitalists.
- Application Process through licensed Immigration consultants/Attorneys.
- Turnkey services
- Concierge services for Premium clients
To know more about the Business Visa Singapore, you can write us on [email protected] and our expert team of experts will get in touch with you to resolve your queries. You can even give us a ring on (+91) 859 533 8595 or directly interact with our expert Visa Consultants through our Live Chat window.
