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Global Investor Programme (GIP): Guide to Achieving singapore Permanent Residency

Navigate Global Investor Program Scheme with Expert Insights and Tailored Strategies

Step into the world of Singapore’s Global Investor Program (GIP), a prestigious avenue designed for discerning investors and entrepreneurs aiming to carve out their legacy in one of Asia’s fastest-growing economies. This program not only attracts significant foreign investment but also serves as a catalyst for job creation and economic diversification in Singapore.

What You Will Discover in Our GIP Guide:

GIP Guide Icons

What is the Global Investor Programme (GIP)?

The Global Investor Program (GIP) scheme is a type of Singapore Investor Visa that allows highly accomplished entrepreneurs, business owners and investors to fast track their Singapore Permanent Residency by investing 10 million SGD into a start-up business, GIP Fund or a Family Office. This is will also Fast-Track the Singapore Citizenship by Investment with only a waiting time of 2 years after securing your GIP visa.

The 10 million SGD investment is only a single component that allows individuals to qualify for Global Investor Program. Aside from having enough funds, you also have to prove to authorities that you have entrepreneurial abilities by providing authorities with an excellent track record. It is a must to furnish an investment plan, as well as a credible business proposal to earn permanent residence status. Read further to learn more. If investing such a substantial amount is not an option for you, you can look into applying for the Singapore Permanent Resident under the PTS scheme.

Not Sure if you Qualify for the Global Investor Programme (GIP) Scheme?

We have over 10 years of expertise serving highly established business owners or high network individual in their immigration need. For a limited period only, we are offering a Free Assessment for GIP.

Eligibility Criteria for Global Investor Programme:

If you are an established investor, business owner, or entrepreneur, you may directly apply for the Singapore PR via the Global Investor Programme (GIP). Additionally, you must meet the following criteria:

To understand how the GIP Investment criteria, visit our detailed Global Investor Investment Criteria Guide.

Global investor program GIP

Investment Options Assessing Criterion for 2023

Option AOption BOption C
Investment criterionInvest S$10 million in a new business entity or in the expansion of an existing business operation.Invest S$25 million in a GIP fund that invests in Singapore-based companies.Setup a Singapore-based single family office having Assets-Under-Management (AUM*) of at least S$200 million. S$50 million must be transferred into Singapore and deployed in any of the 4 investment categories in
Assessing Criteria- Applicants must submit a detailed 5-year business or investment plan with projected employment, expenditure and financial projections that will incur in the Option A company. The business plan will be assessed based on its feasibility, your role in growing the Option A company, the business activities and the creation of local jobs; and

- Applicant holds least 30% shareholding in the Option A company and must be part of the management team of the company (e.g. C-suite / Board of Directors); and

- The Option A company must be engaged in one of the industries listed in Annex B.
- Applicants who apply for Option B will be assessed based on their future business or investment plans in Singapore. This may include specific details on proposed business activities, amount of investment, creation of local jobs, etc.- Applicants who apply for Option C must submit a detailed 5-year business plan with projected employment and annual financial projections (as outlined in Form B of the GIP Application Form). The business plan will be assessed based on your role in your single family office, the functions of your family office, your proposed investment sectors, asset types and geographical focus.

* Offshore assets can be qualified as part of the AUM requirement, provided at least S$50 million investible AUM has been transferred into and held in Singapore.
Source from EDB

Not Sure if you are Qualify for the Global Investor Programme (GIP) Scheme?

We have over 10 years of expertise serving highly established business owners or high network individual in their immigration need. For a limited period only, we are offering a Free Assessment for GIP.

Alternative Visa Options to Global Investor Program

Due to the substantial amount of funds needed to secure Singapore PR via the GIP scheme, some business owners and entrepreneurs would opt for a different pathway with significantly lower investment amounts. 

Global Investor ProgramEntrepassEmployment Pass (EP)
Investment amount2.5 millionLess than 100,000 SGDLess than 100,000 SGD
Main Criteria- Substantial Business Track: 5 years of entrepreneurial experience running a company with SGD 200 million per year

- Holds 30% shares in the existing company
- Business must be venture backed;

- Type of business: Innovative tech. business

See full list of Entrepass Criteria.
- Show concrete business activities

- Applicant:
i. Meet minimum salary criteria
ii. Relevant work experience; and/or
iii. Relevant education qualification

See full list of Employment Pass Cirteria.
Processing Time9 - 12 months8 - 12 weeks3 - 10 weeks
Visa Option for familyAll direct family members eligible will obtain PR together with main applicant but male child under 21 need to serve National Service. Dependant's Pass but need to meet business milestones. See entrepass criteria for DP.Dependant's Pass is possible but needs to meet the minimum salary criterion. See DP criteria.
Renewal criteriaVisa issued for 5 years. Need to apply for REP every 5 years. Visa issued for 1 year and needs to renew on yearly basis. But need to meet criteria business milestones. Visa issued for 1 - 2 years. POssible to renew for additional 2 - 3 years.
Pathway to Permanent ResidenceImmediately secure PREligible to apply for PR after 1 yearEligible to apply for PR after 1 year
BenefitFast-track to Singapore Citizenship after holding PR status for 24 months.Significantly lower investment as compared to GIP.Significantly lower investment as compared to GIP.

Permanent Residence (PR) for direct family members

You can currently apply for permanent residency for your direct family members under the Investor visa (GIP) Scheme if they meet the following criteria:

Application Process for the GIobal Investor Programme (GIP)

You have to submit the application both in softcopy and hard copy. You must complete the following process for the GIP application.

1. Made a payment of 10,000 SGD as Application fee;
2. Complete Form A, B and C for submission;
3. Submit all Forms and the below required documents in hard copies:
a. Undertaking of the Terms & Conditions for GIP
b. Declaration form A for Application of the GIP
c. Declaration form B for Proposed Plan for Investment
d. Payment details of application fee in Form CF
e. Statutory Declaration form
f. Printout of all e-application form that was submitted online
g. Complete form 4 for the application of the entry permit (PR application)
h. All other necessary documents wherever applicable depending on which GIP category are you applying for.

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Processing Time of GIP Application

The whole GIP application process will take between 9 – 12 months and during the processing period, the EDB will invite for an interview on your plan in Singapore for your investments. If you pass the interview process, you will be granted an Approval-In-Principal to make the required relevant investment within 6 months. Once you have shown proof of your investment, the authorities will finalised your PR status. With your PR status, you and your family members will be issued a Blue ID card and enjoy all the benefits being a Singapore PR (tax relief, education subsidies, medical subsidies etc.

Source: EDB

ANNEX B: LIST OF APPROVED INDUSTRIES FOR THE GIP SCHEME

Approved industries for the GIP Scheme Under the GIP scheme, you may choose to invest in any of the following business sectors. Please note that this is the current roster (as of December 2013) and that it may be updated periodically by the authority.

(a) Aerospace Engineering
(b) Alternative Energy/Clean Technology
(c) Automotive
(d) Chemicals
(e) Consumer Business (e.g. flavors and fragrances, food ingredients, nutrition, home and personal care)
(f) Electronics
(g) Energy
(h) Engineering Services
(i) Healthcare
(j) Infocomm Products & Services
(k) Logistics & Supply Chain Management
(l) Marine & Offshore Engineering
(m) Media & Entertainment
(n) Medical Technology
(o) Nanotechnology
(p) Natural Resources (e.g. metals, mining, agri-commodities)
(q) Safety & Security
(r) Space
(s) Shipping
(t) Pharmaceuticals & Biotechnology
(u) Precision Engineering
(v) Professional Services e.g. consulting, design
(w) Arts Businesses - Visual arts businesses, e.g. auction houses, art logistics/storage - Performing arts businesses
(x) Sports Businesses
(y) Family Office & Financial Services

Need further guidance on Singapore Visas?

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FAQs

10 – 25 million SGD but you also have to meet other criteria too. If you are not willing to invest 2.5 million SGD, you can explore other visa options like apply PR via PTS scheme.

When you are applying for GIP scheme, you can select different type of investment options. Investing in GIP approved fund is one of them.

To acquire Singapore Citizenship by Investment, you need to first obtain a Singapore PR via the GIP scheme and then wait for 2 years before you can apply for Singapore Citizenship.

You need to meet certain business milestones before you are able to renew your PR for another 5 years.
Yes but you must stay in Singapore for at least 2 years to be eligible for the citizenship scheme.

List of Approved Industries under the GIP Scheme on ANNEX B
• Aerospace Engineering
• Alternative Energy/ Clean Technology
• Automotive
• Chemicals
• Consumer Business (e.g. flavors and fragrances, food ingredients, nutrition, home and personal care)
• Electronics
• Energy
• Engineering Services
• Healthcare
• Infocomm Products & Services
• Logistics & Supply Chain Management
• Marine & Offshore Engineering
• Media & Entertainment
• Medical Technology
• Nanotechnology
• Natural Resources (e.g. metals, mining, agri-commodities)
• Safety & Security
• Space
• Shipping
• Pharmaceuticals & Biotechnology
• Precision Engineering
• Professional Services e.g. consulting, design
• Arts Businesses
   o Visual arts businesses, e.g. auction houses, art logistics/storage
   o Performing arts businesses
• Sports Businesses
• Family Office & Financial Services

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