SINGAPORE GLOBAL INVESTOR PROGRAMME (GIP)
GIP Overview
The Global Investor Programme (GIP) was launched in 2005 with the aim of granting Singapore Permanent Resident (PR) status to eligible global investors who seek to drive business and investment growth in Singapore. To qualify for the program, applicants must possess substantial business experience and a successful entrepreneurial background.
GIP Requirements
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Senior Business Owners
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Applicants must possess a minimum of 3 years of entrepreneurial and business experience.
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The company must have achieved a turnover of not less than S$200 million in the most recent year and an average annual turnover of not less than S$200 million in the last three years.
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The applicant must hold at least 30% of the equity interest in the company or be one of the largest individual shareholders of the listed company under application.
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The company's line of business must be on the EDB's (Singapore Economic Development Board) list of industries.
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Next Generation Business Owners
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The applicant's immediate family must own at least 30% of the shares of the company or be the largest shareholder.
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The company must have achieved a turnover of at least S$500 million in the most recent year and an average annual turnover of at least S$500 million for the last three years.
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The applicant must be a member of the company's management (e.g., executives, board members).
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The company's line of business must be on the EDB's list of industries.
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Founder of a Fast-Growing Business
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The applicant must be a founder and one of the largest individual shareholders of a company with a valuation of not less than S$500 million.
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The company must be invested in by a reputable venture capital firm or private equity firm.
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The company's scope of business must be on the EDB's list of industries.
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Head of Family Office
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The applicant must possess not less than 5 years of entrepreneurial, investment, or management experience.
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The applicant must have net investable assets of not less than S$200 million. (Note: Net investable assets include bank deposits, capital market products, collective investment schemes, premiums paid on life insurance policies, and other investment products, but exclude real estate).
Appendix: List of Industries
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Aerospace
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New and clean energy
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Automotive engineering
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Chemical industry
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Consumer products (e.g., flavors and fragrances, dietary supplements, fast moving consumer goods)
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Electronics
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Energy
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Engineering services
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Health care
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Information and communication products and services
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Logistics and supply chain management
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Marine and offshore engineering
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Media
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Medical technology
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Nanotechnology
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Natural resources (e.g., metals, mining, agricultural commodities)
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Security
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Shipping
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Pharmaceuticals and bioscience
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Precision engineering
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Professional services (e.g., consulting services, design)
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Art businesses - physical art businesses, e.g., auction houses, artwork Storage - Performing arts businesses
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Sports merchandise
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Family offices and financial services
Visa-free Travel Worldwide
Visa-free access to 192 countries with a Singapore passport
Great Place to Do Business
Singapore ranks 2nd place in the World Bank ranking of the easiest places in the world to conduct business
Tax Haven
0-22% personal income tax, 17% corporate income tax, no capital gains tax, and no need to file tax returns for overseas income
Optimal Social Welfare Provisions
Comprehensive healthcare, housing, and pension system along with a high-quality education system, ensuring quality of life and well-being of residents
World-class Healthcare
Singapore is ranked 6th in the world in terms of healthcare standards according to the latest data released by the World Health Organization
Quality Education Resources
Advanced bilingual education system implementing Cambridge curriculum, serving as a golden springboard to the world's most prestigious schools
Processing of GIP
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Evaluation and contract signing
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Submission of application, preparation of documents, specified business plan
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EDB invites for interviews (option for video interviews)
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Obtain approval-in-principle letter
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Completion of investment and submission of supporting documents
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Formal approval
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Arrive in Singapore
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Obtain permanent residence
Q&A
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Q: Are there any language or age requirements for applying for the Global Investor Programme (GIP) in Singapore?
A: The Global Investor Programme (GIP) has no language, age, or academic background requirements.
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Q: Is Singapore's tax rate high?
A: Singapore is a low-tax jurisdiction. Singapore's tax system is simple with a corporate income tax rate of 17%, no capital tax or regional taxation (i.e., overseas earnings repatriated back to Singapore are tax-free), and funds can flow freely in major financial centers.
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Q: What is the annual quota for the Singapore Global Business Investor Program?
A: There is no quota for the Singapore Global Business Investor Program.
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Q: What is the pass rate of this program?
A: The probability of the applicant obtaining a Singapore Green Card is more than 95% with a detailed business plan and other arrangements made by My Visa Services!
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Q: If I get Singapore Permanent Residency, can my parents apply for a dependent visa to stay in Singapore for a long period of time? How long can they stay on each visa?
A: Yes, they can apply immediately. 6 -12 months.
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Q: If I get Singapore Permanent Residency, can I still retain my original nationality?
A: Yes, the nationality will not change. Singapore Permanent Residence and naturalization in Singapore are two different concepts.
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Q: Is there any immigration supervision for the Global Business Investor Program in Singapore?
A: There is no immigration supervision unless you need to be naturalized in Singapore, then you need to live in Singapore for 1 year within a 2 year period.
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Q: Can all the processes be done outside Singapore? How long does it take?
A: All the procedures can be done outside Singapore except for the need for the applicant to fly to Singapore for an interview. It takes about 1 month for the applicant to prepare the documents and submit them to the EDB. The Singapore government will notify the applicant for an interview within 3-6 months upon receipt of the documents. If the interview is successful, the applicant will receive a letter of approval-in-principle for permanent residency. Upon receipt of the approval, the applicant has 6 months to fulfill the investment commitment, and after the applicant completes the investment, the whole family will be able to obtain Singapore Permanent Resident status.