The Global Investor Program is an initiative spearheaded by Singapore Economic Development Board to bring about more direct foreign investment into Singapore. Singapore is only second to Switzerland in private wealth management, and it also ranks No. 2 in protecting investors by the World Bank Group for 2009 and 2010. Investors seeking to invest in Asia can have the assurance of the security and confidentiality of their investments in Singapore.
Under the GIP scheme, investors can choose to invest in numerous industries such as environmental technology, biomedical sciences, education, engineering and information communications and media. Besides proof of sufficient investment capital, GIP applicants must also demonstrate a good record of entrepreneurial ventures.
Below is a guide on how foreign entrepreneurs and investors can invest through the GIP scheme.
Global Investment Options
| Startup Business | Expansion of an Existing Business | GIP-approved Funds* | Purchase of residential property** |
|---|---|---|---|
| S$1 million |  |
|
|
| S$1.5 million | |
|
|
| S$2 million | |
* Download list of GIP-approved funds investors applying for permanent residence at www.contactsingapore.sg/GIP
** Maximum 50% of the investment amount can be invested in residential property for owner occupancy only.
| When to Apply | Where to Apply* | Processing Time |
|---|---|---|
| Immediately upon funds investments |
|
3-6 months |
* Application must be approved by both authorities.
Submission of Investment Plan
The GIP scheme requires applicants to submit an Investment Plan. The plan outlines the proposed venture or how the funds are to be invested. The Investment Plan will be reviewed by Singapore Economic Development Board for approval. Applicants outside of Singapore can apply for an Entry Permit to enter Singapore for the application of GIP scheme.
Approval & Collection
When your application has been approved by SEDB and ICA, you will have 30 days to finalized your permanent resident status at ICA. You are required to bring the following documents to your appointment:
- Letter of approval for permanent residence
- Medical examination report
- Travel documents such as your passport
- Employment Pass and Dependent’s Pass
- Passport-size photograph
The appointment will also include fingerprinting. Once all documents are approved and signed, you will be given the following official permanent residence documents:
- Permanent Resident identity card
- Permanent Resident Certificate
- Re-entry permit stamp in your passport. The 5-year permit stamp will allow you to travel in and out of Singapore without having to apply for a visa
Related Topics
Overview of Permanent Residence SchemesEmployment Pass (EP)