Global Investor Programme (GIP): Guide to Achieving singapore Permanent Residency
Overview of the Global Investor Prgram
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 Global Investor Program (GIP) Guide:
- Strategic Advantage: Delve into how the GIP offers a competitive edge, granting investors the opportunity to significantly influence Singapore’s economic fabric, and establish a lasting business presence.
- Diversity of Investment Options: Navigate through the myriad investment channels available under the GIP, tailored to meet the ambitions of international investors and business magnates.
- Clear Application Roadmap: Our guide simplifies the GIP’s comprehensive eligibility criteria and detailed application steps, equipping you with the knowledge for a successful investment journey.
- Insights on Optimising Success: Unearth expert strategies for successfully maneuvering through the GIP’s intricate application process, overcoming any challenges, and understanding the critical compliance landscape.
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 مقيم دائم في سنغافورة under the PTS scheme.
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:
- 1. Established Business Owners:
- The backbone of the GIP, this category welcomes entrepreneurs with a proven track record, leading companies that not only hit specified turnover milestones but also actively engage in industries that align with Singapore’s strategic economic goals.
- 2. Next-Generation Business Owners:
- Catering to heirs and successors of substantial business empires, this segment ensures the legacy and growth of significant family-owned businesses continue within Singapore’s robust economic environment.
- 3. Founders of Fast-Growth Companies:
- Innovators at the helm of rapidly scaling ventures find a nurturing ground in Singapore, with the GIP valuing their potential to disrupt markets and introduce groundbreaking solutions.
- 4. Family Office Principals:
- The programme distinctly recognizes the strategic importance of high-net-worth individuals looking to manage their wealth from a secure, politically stable, and financially sound base like Singapore.
To understand how the GIP Investment criteria, visit our detailed Global Investor Investment Criteria Guide.
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.
GIP Investment Options Criteria
| الخيار (أ) | الخيار (ب) | الخيار (ج) | |
|---|---|---|---|
| Investment criterion | Invest 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. |
Alternative Visa Options to GIP
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.
| برنامج المستثمر العالمي | إنتري باس | تصريح العمل (EP) | |
|---|---|---|---|
| Investment amount | 10 - 25 million or Setup Family Office | Less than 100,000 SGD | Less 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. |
| وقت المعالجة | 9 - 12 months | 8 - 12 weeks | 3 - 10 weeks |
| Visa Option for family | All 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. |
| معايير التجديد | Visa 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 Residence | Immediately secure PR | Eligible to apply for PR after 1 year | Eligible to apply for PR after 1 year |
| Benefit | Fast-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. |
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.
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:
- Your partner and children under the age of 21 can also apply for PR at the same time as you. Dependants who are men will have to do National Service.
- Your parents and children who are over 21 can apply for a 5-year Long Term Social Visit Pass (LTSVP), which can be renewed and is tied to the length of time your re-entry permit
Application Process for the GIobal Investor Programme (GIP)
Before you begin, ensure that your business proposition aligns with the GIP’s stringent criteria. This includes an innovative business idea, a solid business plan, and the necessary investment funds.
Gather all necessary documents, including personal identification, business plans, and financial statements. Ensure that all your documents are complete, accurate, and up-to-date.
With your documents in hand, submit your application through the official GIP portal. The submission should be meticulous, ensuring that every detail adheres to the requirements set out by the Singapore Economic Development Board.
If your initial application is successful, you’ll be invited to an interview with the authorities. This is your opportunity to present your business vision and commitment to contributing to Singapore’s economy. It is always important to be prepared before the interview.
After the interview, your application will undergo a review process. During this period, additional documentation may be requested to support your application. In case if you are rejected or there is additional document request by the authority, you must review careful prior to furnish those documents.
Upon approval, you’ll receive your GIP status, allowing you to proceed with investing in Singapore and relocating to begin your entrepreneurial journey. You are given 6 months period to make the investments. If you are not able to meet the timeline, you can request for an extension.
Once you have made the investment, you are required to show the proof of investments via certificate true copy of share certificates, bank statement etc. Then, you will be required to submit an Undertaking on T&C of the investment made.
Once your investments have been verified by the authority, the ICA will issue a final approval letter for your Singapore PR. You are given 12 months to formalise your Singapore PR status.
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.
Documents Required for 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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The Global Investor Program is a residency-by-investment scheme offered by the Singapore government, designed for high-net-worth investors and business owners. It provides a pathway to permanent residency in Singapore for eligible investors who invest in the country’s economy.
10 – 25 million SGD but you also have to meet other criteria too. If you are not willing to invest 10 – 25 million SGD, you can explore other visa options like apply PR via PTS scheme.
Eligibility for the GIP typically includes established business owners and entrepreneurs with a successful track record, who are willing to make a significant long-term investment in a Singapore-based company or approved fund.
When you are applying for GIP scheme, you can select different type of investment options. Investing in GIP Approved Funds is one of them.
Qualifying investments for the GIP include business entities in targeted growth sectors, approved GIP funds that invest in Singapore-based companies, or the establishment of a single-family office with a significant amount of assets under management. Each option has its own assessing criteria, if you are unsure, you may contact is for a Free Assessment at info@one-visa.com.
Yes, the GIP allows for the inclusion of immediate family members, such as your spouse and children under 21 years of age, in your application for permanent residency.
The application process involves submitting a detailed investment plan, providing evidence of your business acumen and investment history, and undergoing a thorough assessment by the Economic Development Board (EDB) of Singapore.
The processing time for a GIP application can vary, but it generally takes between 6 to 12 months from the submission of a complete application to the final decision.
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.
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
Beyond permanent residency, GIP participants may benefit from Singapore’s business-friendly environment, robust legal system, strategic geographical location, and access to a network of global investors.
Yes, the GIP permanent residency status is subject to renewal every five years, and applicants must fulfill certain investment conditions and residency requirements.
A successful GIP application often requires a well-thought-out investment plan, compliance with all regulatory requirements, and a clear demonstration of the benefits your investment will bring to Singapore. Engaging with a knowledgeable immigration consultant can also significantly improve your chances of success.
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