If you're considering relocating to Singapore and have the financial means and entrepreneurial experience to support your move, the Global Investor Programme (GIP) offers a pathway to permanent residence (PR). Known informally as the Investor Scheme, the GIP enables you to invest in Singapore and acquire PR status.
Overview of the Global Investor Programme (GIP)
The GIP allows individuals with significant investment funds and proven business acumen to gain PR status in Singapore. Your investment helps stimulate the local economy, creating job opportunities and economic benefits. Singapore's business-friendly environment, low taxes, modern infrastructure, and safe, clean surroundings make it an attractive destination for foreign investors.
Investment Options under the GIP Scheme
There are two main investment routes under the GIP Scheme:
Option A: Invest at least S$2.5 million in starting a new business or expanding an existing one in Singapore.
Option B: Invest at least S$2.5 million in a GIP-approved fund that invests in Singapore-based companies.
Eligibility Criteria
To qualify for the GIP Scheme, you must:
Meet Investment Requirements: Make a minimum investment of S$2.5 million, either in a new or existing business (Option A) or in a GIP-approved fund (Option B).
Have a Proven Track Record: Demonstrate at least three years of business or entrepreneurial experience.
Business Turnover Requirements: If you own an existing business, it should have:If you manage multiple businesses, provide financial statements for the one with the highest turnover. Authorities will also consider your role, position, and the company's profitability.
A minimum turnover of S$50 million in the most recent financial year, and an average annual turnover of S$50 million for the last three years.
At least 30% ownership if privately held.
Audited financial statements for the last three years.
Criteria for Option A Applicants
Invest a minimum of S$2.5 million in a new business or expanding an existing one.
Submit a detailed three-year business or investment plan, including employment and financial projections. You must meet the milestones outlined in your plan.
Criteria for Option B Applicants
Invest a minimum of S$2.5 million in a GIP-approved fund that targets Singapore-based companies.
The current list of approved funds is available through the GIP resources.
Approved Business Sectors
You can invest in the following sectors under the GIP Scheme (subject to updates by the authorities):
Aerospace Engineering
Alternative Energy
Automotive
Chemicals
Consumer Business
Education
Electronics
Energy
Environment & Water Technology
Engineering Services
Healthcare
Infocomm Products & Services
Logistics & Supply Chain Management
Marine & Offshore Engineering
Media & Entertainment
Medical Technology
Nanotechnology
Natural Resources
Safety & Security
Space
Pharmaceuticals & Biotechnology
Precision Engineering
Professional Services
Lifestyle Products & Services (including Visual Arts, Performing Arts, and Sports)
Family Permanent Residence
Under the GIP Scheme, you can apply for PR for your family members:
Spouse and children (21 years and below): Eligible to apply for PR with your application. Note that male dependents may be liable for National Service.
Children over 21 and parents: Eligible for a 5-year Long-Term Social Visit Pass (LTSVP), which is renewable and valid as long as your re-entry permit is valid.
Application Procedure
To apply for PR under the GIP Scheme, you will need:
Form A: Application for Permanent Residence for Investors.
Form B: Proposed Investment Plan.
**Undertaking on the Terms & Conditions of the Programme.
Form 4: Application for An Entry Permit to Enter Singapore.
Supporting documents (translated into English, if necessary).
The application process typically takes 6-8 months. During this time, you may be invited for an interview. If approved, you will receive an Approval-in-Principle (AIP) PR valid for 6 months, during which you must make your investment. Proof of investment, such as share certificates or title deeds, must be submitted and held by the authorities for 5 years. Once these documents are verified, you will be granted final PR status.
After receiving your blue identity card as a permanent resident, you can fully integrate into Singaporean life, enjoying benefits such as visa-free residency, tax relief, and education subsidies for your children.
