A GIP applicant with several businesses should prepare an entity-level track record before presenting a combined figure. Identify the companies, ownership, role and reporting periods. A group’s total sales do not automatically establish that the applicant meets a particular profile’s requirements.
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The EDB programme page links to the current GIP factsheet. For the established-business-owner profile, the factsheet permits consolidation of up to two companies for the turnover criterion, subject to its stated conditions. Do not combine every business indiscriminately.
Identify the profile being assessed
Review the actual applicant profile and its conditions before assembling evidence. An established owner, next-generation business owner, fast-growth founder and family-office principal are not assessed by an identical checklist.
Keep the proposed investment option separate from the applicant’s qualifying track record. Planning a Singapore investment does not, by itself, prove the earlier business history.
Example: group revenue and personal ownership differ
An applicant presents a group revenue total, but their ownership and management role vary between subsidiaries. Prepare a clear structure and individual company records. Do not describe the applicant as owning or running every entity simply because the companies use one brand.
Build the entity schedule
- Legal company and registration jurisdiction.
- Business activity and industry.
- Applicant’s ownership and changes during the period.
- Management role and supporting records.
- Financial reporting dates and turnover evidence.
- The basis for any proposed consolidation.
Distinguish the applicant’s personal holding from a holding through another entity or family member. Explain the structure accurately and obtain advice on the relevant conditions.
Reconcile the financial periods
Companies may use different year-ends, currencies or accounting frameworks. Record the periods and conversions used. A calendar-year management estimate should not be described as an audited financial statement.
Identify intercompany sales where combining figures could double count the same economic activity. The application evidence should explain the calculation rather than hide it in a single headline number.
Preserve corporate history
Ownership changes, restructurings and business sales can affect the story being presented. Keep the relevant agreements, registers and historical accounts. An updated company profile may not prove a shareholding held several years earlier.
Where evidence is missing, obtain accurate records or clarification. Do not backdate appointments or create financial figures to fill a gap.
Review the file before submission
Give the accountant and legal or immigration advisers the same schedule and documents. Check that the application, business plan and interview preparation use consistent facts. EDB makes the assessment; a well-organised record supports accuracy without guaranteeing qualification.
Can all group turnover be added automatically?
No. Apply the relevant profile and conditions, with a supported calculation.
Does a planned investment replace the business record?
No. Review the qualifying profile and investment option as separate requirements.
Related relocation and business resources
Read our PR service overview, Employment Pass guidance and family-office setup resources.
Discuss the business and relocation evidence
For company administration, financial records and relocation advisory support, email [email protected] or WhatsApp +65 8501 7133. Our tax advisers and legal advisers from associated law firms can assist with the relevant financial, contractual and structuring questions. Raffles Corporate Services is not affiliated with EDB or ICA, and no application outcome is guaranteed.