Global Investor Programme (GIP)
The Global Investor Programme (GIP) is the preferred route for investors to gain Singapore permanent residency status for themselves and their families.
From 2020 to 2022, about 200 people have been given PR status through this programme.
Singapore has received numerous accolades for being one of the best places in the world to live, work and play, thus earning it the title of Asia’s business epicenter.
Its high quality of living has also compelled many investors and high-net-worth individuals (HNWIs) to apply for permanent residency (PR) here.
Through this programme, the applicants, their spouses, and children who are below 21 years of age are eligible to be Singapore Permanent Residents (PRs).
Male dependants under the age of 21 years need to serve National Service. Male dependants whose spouse is the main applicant may also be required to serve National Service.
The investor’s unmarried children over 21 do not qualify for Singapore PR. Still, they are eligible to apply for the renewable five-year Long Term Visit Pass, subject to the investor’s re-entry permit validity.
In order to qualify for this programme, applicants must meet certain requirements.
The GIP offers 3 investment options:
- Option A: Invest a minimum amount in a new business or to expand an existing business in Singapore
- Option B: Invest a minimum amount in a GIP-approved fund that invests in Singapore-based companies
- Option C: Set up a single-family office based in Singapore with a minimum amount of managed assets
Investment Requirements
Since 15 Mar 2023, changes have been made to the programme under these pathways:
| Investment Pathway | Option A – Invest in a New/Existing Business | Option B – GIP Fund Investing in Singapore-based Firms | Option C – New/Existing Single Family Office |
|---|---|---|---|
| Before 15 Mar 2023 | Invest at least S$2.5 million |
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| After 15 Mar 2023 | Must show an investment amount of at least S$10 million, including paid-up capital |
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Re-Entry Permit (REP) Renewal
Singapore PRs need re-entry permits to travel overseas while keeping their residency status.
Re-entry permit renewal conditions after the initial 5-year period have also been changed alongside the new investment requirements. These conditions must be fulfilled by the 5th year of PR status.
The conditions differ between a 3-year and 5-year renewal:
| 3-Year Renewal | ||
|---|---|---|
| Option A | Option B | Option C |
| Fulfil investment conditions under Option A of GIP, and; | Fulfil investment conditions under Option B of GIP, and; | Fulfil investment conditions under Option C of GIP, and; |
Fulfil either condition:
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Fulfil either condition:
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Fulfil either condition:
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| 5-Year Renewal | ||
|---|---|---|
| Option A | Option B | Option C |
| Fulfil investment conditions under Option A of GIP, and; | Fulfil investment conditions under Option B of GIP, and; | Fulfil investment conditions under Option C of GIP, and; |
| Company in Option A must hire at least 30 employees (of which, at least half must be Singaporeans), and 10 must be new employees, and; | Ensure that the S$25 million investment in a GIP-select fund is maintained, and; | The single family office you create in Singapore must hire a minimum of family office professionals (with at least 3 Singapore citizens) and maintain the S$50 million AUM across any of the 4 investment categories, and; |
| You and your dependants who secured PR status under your GIP application must have stayed in Singapore for over half the time | You and your dependants who obtained PR under your GIP application must have remained in Singapore for more than half the time | You and all your dependants who got PR under your GIP application must have lived in Singapore for more than half the time |
Keen to apply for the Global Investor Programme (GIP)?
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