Singapore: Residence by Investment Program
Singapore’s Global Investor Program (GIP) is tailored for entrepreneurs and investors looking to make Singapore their home by making substantial financial investments. Known for its political and economic stability, excellent infrastructure, and multicultural society, Singapore provides an attractive environment for investors.
Residence by Investment Overview
The GIP, often referred to as Singapore’s golden visa, allows approved applicants to gain permanent residency in Singapore. This program is a testament to the Singapore government’s commitment to attracting global talent and investment.
Investment
Minimum investment of SGD 10 million
Processing time
Nine–twelve months
Key benefit
Eligibility for citizenship after two years of permanent residence
Generic Overview of Singapore’s RBI Programs
Investors can choose from several investment options:
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Option A:
Invest SGD 10 million in a new or existing business in Singapore.
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Option B:
Invest SGD 25 million in a fund approved by the Singapore Economic Development Board.
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Option C:
Establish a Singapore-based single family office with a minimum of SGD 200 million in assets under management (AUM).
Key Benefits of Singapore’s RBI Programs
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High living standards and a harmonious multicultural environment.
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Access to a strong education system and healthcare facilities.
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Positioning as an international financial center and gateway to Asia-Pacific markets.
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No gift, estate, wealth, or capital gains tax.
Procedures and Timeline for Singapore Residence by Investment
The application process involves several steps:
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Application Process:
Submit a personal profile and proposed investment plan via e-application and hard copy documentation. An interview is also part of the process.
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Approval and Investment:
Upon receiving approval in principle, applicants have six months to make the required investment. Final approval allows for formalization of permanent residence status within one year.
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Residency Permit Validity:
The initial residency permit is valid for five years, with renewal options based on meeting certain conditions.
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Eligibility for Citizenship:
After two years of permanent residence, applicants may apply for Singaporean citizenship.
Minimum Investment Requirements
The minimum investment for the Singapore GIP is SGD 10 million.
Eligibility Criteria
Investors must be at least 18 years old. The program allows for inclusion of the investor’s spouse and children under 21. Male dependents may be liable for Singaporean national service.
Document Requirements
Applicants must submit various documents, including completed GIP application forms, valid passports, recent photographs, birth and marriage certificates, and a detailed business plan.
In summary, the Singapore Global Investor Program offers an efficient and beneficial pathway for investors to establish residency in one of the world’s most dynamic and prosperous countries.
In summary, the Singapore Global Investor Program offers an efficient and beneficial pathway for investors to establish residency in one of the world’s most dynamic and prosperous countries.