RESIDENCY BY INVESTMENTSingapore

Dynamic & Modern City-state that seamlessly blends diverse cultures

Following its independence from Malaysia in 1965, Singapore underwent a rapid transformation into a global economic powerhouse, largely due to the visionary leadership of Lee Kuan Yew. Under his guidance, the country implemented policies aimed at attracting foreign investment and developing its infrastructure.

Singapore is renowned for its efficient public transportation system, low crime rates, exceptional healthcare services, and a high standard of living. Visitors and residents alike appreciate the diverse culinary offerings, world-class shopping experiences, and iconic attractions such as the Gardens by the Bay and the Marina Bay Sands.

The country is also a popular choice for business travelers and international students. With its strong economy and prestigious universities like the National University of Singapore (NUS) and Nanyang Technological University (NTU), Singapore provides ample opportunities for education and career advancement. Additionally, the widespread use of English as a language of communication further enhances its appeal to international visitors.

As of May 2023, Singaporean passport holders enjoy visa-free travel or visa-on-arrival access to an impressive 190 countries and territories, solidifying its position as one of the world’s most powerful passports in terms of global mobility.

LOCATION & TIME ZONE
Singapore Standard Time (SST) is 8 hours ahead of Coordinated Universal Time (UTC+8) and does not have daylight saving time. This means that when it is 12:00 noon in Singapore, it is 4:00 am UTC.
CAPITAL
Singapore
VISA FREE COUNTRIES
190
TOTAL AREA
728.3 square kilometers
POPULATION
5.7 million people
GDP & GDP/CAPITA
USD381 billion / USD66,802
LANGUAGE
Malay, Mandarin, Tamil, English
RELIGION
Buddhism, Taoism, Hinduism, Islam, and Christianity
GOVERNMENT TYPE
Parliamentary Democracy
CURRENCY
Singapore dollar
V.A.T
7%
INTERNATIONAL MEMBERSHIP
United Nations (UN), World Trade Organization (WTO), Association of Southeast Asian Nations (ASEAN), Asia-Pacific Economic Cooperation (APEC), Commonwealth of Nations, International Monetary Fund (IMF), World Bank, International Atomic Energy Agency (IAEA, International Olympic Committee (IOC), International Criminal Court (ICC), Regional Comprehensive Economic Partnership (RCEP)

Fact Sheet

WHY CHOOSE SINGAPORE

Economic opportunities: Singapore has a highly developed and diversified economy that offers a range of employment and business opportunities. The country is known for its pro-business policies, low taxes, and high standards of living, making it an attractive destination for those seeking better job prospects and higher salaries.

Political stability: Singapore is known for its stable political environment and efficient government. The country has a low crime rate and is considered one of the safest places to live in the world. The government has also implemented policies that promote racial and religious harmony, making it a welcoming and inclusive society.

High quality of life: Singapore is a modern and cosmopolitan city-state that offers a high standard of living. The country has a well-developed infrastructure, high-quality healthcare, and excellent education system. It is also known for its clean and green environment, with well-maintained parks and public spaces.

Multicultural society: Singapore is a multicultural society that celebrates diversity and encourages tolerance. The country has a rich cultural heritage that is reflected in its cuisine, festivals, and traditions. People of different ethnicities and nationalities live and work together in Singapore, creating a vibrant and cosmopolitan society. 

Location and connectivity: Singapore is strategically located in Southeast Asia, with excellent connectivity to the rest of the world. The country has a world-class airport and seaport, making it a major transportation hub. It is also a gateway to the rest of Asia, with easy access to neighbouring countries like Malaysia and Indonesia.

MINIMUM INVESTMENT & PROCESSING TIME

  • SG $300,000/SGD 10,000,000
  • Approval in 30 months/12 months

BENEFITS

  • Finance is a favourable industry in Singapore by the government therefore easier to apply Permanent Residency
  • There are no minimum net worth requirements, no previous management experience requirements.
  • Migrate family members to Singapore with valid pass.
  • Personalized service on investment management, financial planning, estate planning, tax planning and philanthropy.
  • Professional expertise in various areas, including finance, law, and taxation.
  • Provide succession planning services to help ensure that wealth is passed on to future generations in a tax-efficient and structured manner.

ACQUIRING CITIZENSHIP

Singapore offers citizenship based on a single citizenship framework, meaning individuals can hold Singaporean citizenship exclusively. After maintaining permanent residence status in Singapore for a period of two years, individuals become eligible to apply for Singaporean citizenship.

It is important to note that Singapore strictly enforces its policy against dual citizenship. As such, individuals who seek to possess more than one citizenship and passport may find Singapore less suitable as an option. The country adheres to this rule to maintain the integrity of its citizenship framework.

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Investment Criteria

AVAILABLE OPTIONS

1- Private Investment Company Programme

Create an investment company in Singapore. 90% of the fund will be transferred to securities company regulated by Singapore MAS to do trading. Entry will be initially an Employment Pass (EP) which is valid for 2 years renewable.

After 24 months a PR application can be submitted. The minimum investment is SGD300,000 and PR approval will be within 2-4 years.

The suggested minimum investment is SGD300,000 to SGD1.2 million. The higher the amount, the faster can apply for Permanent Residency due to high flow of revenue.

There are no minimum net worth requirements and no previous management experience

Minimum Investment & Processing Time

  • SGD 300,000
  • PR approval in 30-48 months

Investment Criteria

  • Applicant must be below 50 years old and hold a business diploma.

2 – Family Office

Under this scheme the investor has access to private global investment opportunities.

Family offices are private wealth management firms that provide customized services to high-net-worth families and individuals. Singapore is a popular location for family offices due to its favorable tax environment, robust regulatory framework, and highly skilled workforce. Singapore has a well-developed financial ecosystem that includes private banks, wealth management firms, law firms, and other professional services providers. The country has a favorable tax regime for family offices, with no capital gains tax, no estate duty, and a competitive corporate tax rate. Singapore’s legal system is also highly regarded, providing a stable and predictable environment for wealth management and succession planning. Family offices provide a range of services, including investment management, financial planning, estate planning, and philanthropy.

Minimum Investment & Processing Time

  • SGD 20 million
  • PR approval in 12 -24 months

Investment Criteria

  • Dependent on the family’s investment objectives, risk tolerance, and investment philosophy.

3- Global Investor Visa Programme

Investment options for acquiring Singaporean permanent residence are available to established business owners, next-generation business owners, founders of fast-growing tech companies, and family office principals with substantial entrepreneurial, business, and management experience. These individuals may choose from the following investment options:

Option A: Invest a minimum of SGD 10 million (including paid-up capital) into a new or existing business in Singapore. To be eligible for re-entry permit renewal after the initial five-year period, the business must hire at least 30 employees. Among the employees, at least half must be Singaporean citizens, and if the business already existed, 10 of the employees must be new hires.

Option B: Invest a minimum of SGD 25 million into a fund approved by the Singapore Economic Development Board. The fund should primarily invest in Singapore-based companies.

Option C: Establish a Singapore-based single-family office with assets under management of at least SGD 200 million. The GIP programme only allows to invest in government recommended investment projects. Of these assets, a minimum of SGD 50 million must be deployed and maintained throughout the five-year residence period in any of the following investment categories:

  • Companies listed on exchanges licensed by the Monetary Authority of Singapore
  • Qualifying debt securities such as bonds, notes, commercial papers, and certificates of deposit
  • Funds distributed by Singapore-licensed or -registered managers
  • Private equity injections into non-listed Singapore-based businesses

To qualify for re-entry permit renewal under Option C, at least five incremental family office professionals must be hired by the end of the five-year period. Among these professionals, at least three must be Singaporean citizens.

Minimum Investment & Processing Time

  • SGD 10,000,000
  • PR approval in 12-24 months
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