Wealthy foreigners are eligible for permanent residence PR status in Singapore via two investment programs: the Global Investor Programme or GIP and the Financial Investor Scheme or FIS. These programs are not for everybody but if you are considering establishing a permanent residence and you have got millions of dollars in resources you are willing to invest in Singapore these programs may work for you. Global Investor Programme permanent residency applications are assessed From the Economic Development Board EDB and Contact Singapore. To be considered for GIP PR status investors should either have at least 3 years of recorded entrepreneurial or business Experience and currently have a company grossing at least S$30 million in earnings in the latest year or an average of S$30 million within the previous 3 decades or be a senior corporate manager with at least 10 years of corporate management experience and be currently employed as a manager in a business grossing at least S$100 million in sales.
Effective January, qualified applicants with the required entrepreneurial and business or senior management experience may choose between two GIP investment choices. Invest a minimum of S$2.5 million at a start-up business or expansion of an existing Singapore business. This investment must be approved prior to the investment a Singapore incorporated base or with a Singapore incorporated venture capital fund or another trust. This initial Investment must be approved prior to the investment Singapore integrated another trust or base focusing on economic growth or from the Singapore incorporated venture capital fund. Under the global investor programme applicants may include their family in their ica pr application. Immediate family includes. Parents of the applicant or the applicant’s spouse may apply for a renewable five-year Long Term Visitor Pass.
