This Singapore Permanent Residence (PR) program allows qualified expats to live and work in the country for at least five years. The approved categories to enlist in this permanent residency program include: Employment Pass Holders under the Professional, Technical, and Skilled workers Scheme (PTS).
The GIP eases the way for foreign investors, entrepreneurs and business executives to set up and conduct businesses in Singapore. EDB will provide assistance in linking up foreign entrepreneurs and investors with local business networks, thus opening up more opportunities for business collaborations. Through the GIP, you can tap on with ease a range of immigration facilitation for your entry and stay in Singapore. Investors/Entrepreneurs who have a good track record and who are interested to invest in Singapore may apply for PR. Please view the EDB website for details of the Investment Scheme or liaise with the Singapore Economic Development Board or any of its international offices.
Invest a minimum of $2.5 million SGD ($1.8 million USD) in a new business or expansion of an existing business in Singapore.
Invest a minimum of $2.5 SGD ($1.8 million USD) in a Global Investor Programme-approved fund.
Applicants are given 6 months to complete investment from time of permit approval.
Unmarried dependents and spouses can achieve permanent residency after the applicant’s GIP has been received. Parents of the PR holder can be added to the residency program for an additional investment price of around $220k USD per parent
Minimum investment requirement of S$2.5 million in a new business start-up or expansion of an existing business operation.
You must submit a three-year business/investment plan with employment and annual financial projections. Note that you must meet the employment and financial milestones that you have set in your business/investment plan at the end of a three-year period.
A Singapore PR above 21 years old with at least two years of permanent residence may wish to apply for Singapore citizenship. You may proceed to submit your citizenship application electronically to ICA via the e-SC for consideration. Each application made is considered according to the prevailing policies based on the merits of the case. All applications must come with an appointment with ICA.