The Global Investor Program (GIP) in Singapore is a scheme designed to attract and retain high-net-worth individuals (HNWIs) and entrepreneurs who can contribute to the country’s economy by investing and establishing businesses in Singapore. Administered by the Economic Development Board (EDB) and the Ministry of Manpower (MOM), the GIP offers eligible applicants the opportunity to obtain permanent residency (PR) status in Singapore.
Key features of the Global Investor Program include:
Eligibility: The GIP is open to eligible investors, entrepreneurs, and business owners who meet certain criteria, including having a proven track record of successful entrepreneurial or investment activities and a commitment to establishing and operating businesses in Singapore.
Investment Commitment: Applicants are required to commit to investing a minimum amount of capital in Singapore-based businesses or funds. The specific investment amount varies depending on the investment option chosen by the applicant. As of the latest information, the investment thresholds are as follows:
Option A: S$2.5 million in a new business entity or expansion of an existing business operation.
Option B: S$2.5 million in a Singapore-based company’s expansion or growth financing.
Option C: S$2.5 million in a Singapore-based venture capital fund that invests in Singapore-based companies.
Option D: S$2.5 million in a GIP-approved foundation or family office to manage assets and investments.
Job Creation: GIP applicants are required to create local employment opportunities in Singapore. The specific job creation targets depend on the investment option chosen by the applicant and the scale of the proposed investment.
Application Process: Interested individuals can apply for the Global Investor Program through the Economic Development Board (EDB) of Singapore or designated intermediaries. The application process involves submitting detailed documentation, including the business plan, financial statements, and other supporting information, to demonstrate eligibility and the potential economic impact of the proposed investment in Singapore.
Approval and Permanent Residency: Successful applicants are granted permanent residency status in Singapore, which allows them to reside, work, and study in the country indefinitely, subject to renewal every five years.