Global Investor Programme
(GIP) Guide

Singapore Global Investor Programme (GIP): The PR Scheme for Investor

Overview

The Singapore Global Investor Programme is a scheme introduced by the Economic Development Board (EDB) to attract High Net Worth Individual to Singapore via investments. In the process, the investors would setup businesses or Family Offices in Singapore that will create local jobs and generate businesses for local firms. There are also many perks in setting up your businesses in Singapore like low individual and corporate tax and there is no capital gain tax for any of your investments. 

What is Global Investor Programme?

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 2.5 million SGD into start-up business or GIP Fund. 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 2.5 million SGD investment is only a single component that allows individuals to qualify for GIP. 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 may apply for the Singapore Permanent Resident under the PTS scheme.

Also, if you are looking for lower investment for Citizenship by Investment scheme, you can explore Cyprus Investor Residency scheme.

Singapore PR populations

Eligibility Criteria for Global Investor Program:

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: 

Applicant's ProfileEstablished Business OwnersNext Generation Business OwnersFounders of Fast Growth CompaniesFamily Office Principals
Eligibility Criteriaa) You must possess at least 3 years of entrepreneurial and business track record;

b) You should currently be running a company1 with an annual turnover of at least S$200 million in the year immediately preceding your application, and at least S$200 million per annum on average for the three years immediately preceding your application;

c) If your company is privately held, you should have at least 30% shareholding in the company; AND

d) Your company must be engaged in one or more of the industries listed in Annex B. See FAQ section for Annex B.
a) Your immediate family should have at least 30% shareholding or is the largest shareholder in the company you use to qualify;

b) This company’s annual turnover must be at least S$500 million in the year immediately preceding your application, and at least S$500 million per annum on average for the three years immediately preceding your application;

c) You must be part of the management team of the company (e.g. C-suite / Board of Directors); AND

d) Your company must be engaged in one or more of the industries listed in Annex B
a) You must be a founder and one of the largest individual shareholders of a company with a valuation of at least S$500 million;

b) Your company must be invested into by reputable Venture Capital /Private Equity firms; AND

c) Your company must be engaged in one or more of the industries listed in Annex B.
a) You must possess at least 5 years of entrepreneurial, investment or management track record; AND

b) You must have net investible assets of at least S$200 million.

(NB: Net Investible Assets include all financial assets, such as bank deposits, capital market products, collective investment schemes, premiums paid in respect of life insurance policies and other investment products, excluding real estate.)
Type of Investment Option(s)Option A: Invest S$2.5 million in a new business entity or in the expansion of an existing business operation;

Option B: Invest S$2.5 million in a GIP fund3 that invests in Singapore-based companies;

Option C: Invest S$2.5 million in a new or existing Singapore-based single-family office having Assets-Under-Management (AUM*) of at least S$200 million.
Option A: Invest S$2.5 million in a new business entity or in the expansion of an existing business operation;

Option B: Invest S$2.5 million in a GIP fund that invests in Singapore-based companies;

Option C: Invest S$2.5 million in a new or existing Singapore-based single-family office having Assets-Under-Management (AUM*) of at least S$200 million.
Option A: Invest S$2.5 million in a new business entity or in the expansion of an existing business operation;

Option B: Invest S$2.5 million in a GIP fund3 that invests in Singapore-based companies;

Option C: Invest S$2.5 million in a new or existing Singapore-based single-family office having Assets-Under-Management (AUM*) of at least S$200 million.
Option C: Invest S$2.5 million in a new or existing Singapore-based single-family office having Assets-Under-Management (AUM*) of at least S$200 million.
Source from edb.

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.

Investment Options Assessing Criterion

 Option AOption BOption C
Investment criterionInvest S$2.5 million in a new business entity or in the expansion of an existing business operation.Invest S$2.5 million in a GIP fund that invests in Singapore-based companies.Invest S$2.5 million in a new or existing Singapore-based single family office having Assets-Under-Management (AUM*) of at least S$200 million.
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

Permanent Residence (PR) for family members

You can also apply PR for your direct family members (your spouse and children under 21 years of age). You must note that all second generation males PR are required to serve the National Service. For your parents and children (above 21 years of age), you can apply long term social visit for them which is renewable.

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

  • Made a payment of 10,000 SGD as Application fee;
  • Complete Form A, B and C and submit online;
  • Submit all Forms and the below required documents in hard copies:

a. Undertaking on 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.

Processing Time of GIP Application

  1. Submit application with complete GIP forms to EDB
  2. EDB invite for interview
  3. If applicant fulfil the requirements, ICA will issue an Approval-In-Principal (AIP) status valid for 6 months
  4. Applicant makes the required investments within 6 months
  5. Applicant to show proof of investment and submit an investment undertaking on the Terms and Conditions
  6. EDB verify the investment and ICA issue the Final Approval letter for GIP
  7. Applicant to formalised and collect Singapore PR within 12 months from the date of the final approval letter.

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.

Need help with your GIP application?

Our team will provide you with customise immigration advise and support based on your needs.

Need further guidance on Singapore Visas?

See below for all related topics:

FAQs

2.5 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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