Singapore Global Investment Program

 

The Singapore Investment Visa also known as the Global Investor Program (GIP) is a scheme that allows global high-net-worth personalities to bring their investment initiative to Singapore and obtain a permanent residence in the country immediately after making the Investment

There are several eligibility requirements an applicant is required to meet

 

Eligibility requirements:

  • Investor is expected to invest no less than 2,500,000 SGD into either a GIP fund or a new (existing) company;

  • Applicant must be able to prove a significant 3-year business and entrepreneurial track record by providing his company’s audited accounts for the last 3 years;

  • Applicant has to prove his company’s turnover of at least 50,000,000 SGD during the last year before the application and at least 50,000,000 SGD a year (on average) during the last 3 years;

  • Applicant must hold at least 30% of shares if the company belongs to privately-owned entities;

  • Applicants who are going to invest in new or existing companies must:

    • Provide the government with a full business plan for the next 5 years and;

    • Fulfil this planned investment within first 5 years after the visa issuance;

  • At the end of the 2nd and 4th year of the planned investment, the applicant must provide the audited financial statements of his company.

 

What this visa lets you do:

  • Investor has a privilege to apply for the Singapore permanent residence for himself and his family members right away.

  • Parents and other relatives can be taken along to Singapore on the Long Term Visit Pass.

  • After 2 years, the permanent residence visa can be converted into the Singaporean citizenship (provided that the foreigner is ready to renounce his present citizenship).

  • Permanent residence for investor’s parents and his parents-in-law can be “bought” for them with additional investment (300,000 SGD for every person/application).

 

Note :

  • Investors aren’t limited in options where to funnel their resources: they can invest in the venture capital funds approved by the government or a new company or in a business that already operates.

  • Amount of monetary infusion starts from 2.5 million SGD.

  • Participants of the program are given half a year for performing their investments.

  • GIP applicants will have to attend an appointment with the authorities.

  • Investor and his spouse and unmarried children younger than 21 y/o can get PR right after the qualifying for the GIP.

  • Not all business niches qualify under the GIP scheme; please find out whether your selected one qualifies from our visa consultants. Some niches require a more massive investment for getting the PR (for example, the minimum investment for the construction sector is 200 million SGD).

If you are interested to apply for this visa please speak book a consultation with our team now.

Lucas Worldwide (Lucas Group)

Location : Gayathri Nest Apartments, Telecom Nagar, Gachibowli, Hyderabad,

India : 500032

 + 91-970-531-1112

 + 91-970-427-2619

  reachus@lucasworldwide.in

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