• Home
• About Us
• Singapore Incorporation
  • Types of Companies
  • Advantages of Incorporating
  • Incorporation Process
  • Incorporate Now
• Offshore Incorporation
  • Why Incorporate an Offshore Company?
  • Standard Kit for Offshore Company
  • Incorporate Now
• Corporate Secretarial Services
  • Corporate Secretarial
  • Fiduciary Services
  • Singapore Company Compliances
  • Resolutions
• Accounting and Auditing Services
  • Accounting and Auditing
  • Audit Exemption
  • The Benefits of Audit
• Advisory Services
  • Tax Services
  • Management Consultancy Services
• Employment Pass and Residency Application
  • Employment Pass & SPass
  • Personalized Employment Pass
  • Entrepass
  • Employment Pass Eligibility Certificate (EPEC)
  • Permanent Residence (Technical Scheme)
  • Permanent Residence (Investment Scheme)
• Representative Office
• Business InfoCenter
• Singapore Links
• Business Directory
• Pricing
  • Incorporation Price List
  • Fiduciary Services for Singapore Companies
  • Fiduciary Services for Offshore Companies
  • Employment Pass and
    Entre Pass Application
  • Other Services
• Terms and Conditions
• Privacy Policy

Application for Permanent Residence (GIP & FIS)

For foreigners who would like to obtain their Singapore Permanent Residency through investment there are two schemes available, namely the Global Investor Programme (GIP) and the Financial Investor Scheme (FIS).

Global Investor Programme (GIP)

Permanent residency applications under the Global Investor Programme will be jointly assessed by the Economic Development Board (EDB) and Contact Singapore.

• GIP - Eligibility

There are two groups of applicants, who can be considered for the GIP:

1. Individuals with at least 3 years of entrepreneurial/business track record and experience running a company with a turnover of at least S$30 million per annum in the most recent year or an aggreate of the last 3 years.
2. Senior Corporate Managers (without entrepreneurial/business track record) with at least 10 years of corporate management experience. The applicant must also be currently undertaking a senior management position in the company, such as Chairman, CEO, CFO, CTO, etc. Additionally, the turnover of the company in which the applicant is employed must be at least S$100 million.         

• GIP - Investment Options

Eligible applicants (those with entrepreneurial and business track record) can choose either one of the following investment options through GIP:

• Option A: Invest at least S$2.5 million in a new business entity or expansion of an existing business operation.
• Option B: Invest at least S$2.5 million in a GIP-approved fund.

For Senior Corporate Managers (without entrepreneurial and business track record), to be eligible for Option A, must fulfill the above-described requirements in Point 2 of the Eligibility column.

Please also note that investments made prior to the GIP Permanent Residency application will NOT be considered as part of the Investment Options (as above). Foreign applicants are advised to start investing only after their interview with Contact Singapore and upon issuance of the Approval-In-Principle (AIP) status by Immigration and Checkpoint Authority (ICA).

• GIP - Spouse/ Family member of PR/Singaporean

Foreigners applying for Singapore Permanent Residency under the Global Investor Programme can include their immediate family in the application. Immediate family refers to:

• Spouse (one only);
• Unmarried children 21 years of age and below.

Please note that the following change has taken effect from 1 January 2011:

Parents and parents-in-law are not eligible to be included in the main applicant’s GIP application for PR status. Instead, they can apply for a 5-year Long Term Visit Pass (LTVP), which is renewable and tied to the validity of the main applicant’s re-entry permit.

• GIP - Processing Time

For applications through the GIP, the processing time for the Permanent Residence application varies depending on ICA issue of Approval–in-Principle letter (AIP), and applicant’s readiness to invest. As an indication, the processing time for AIP is around three to six months after an interview with Contact Singapore, and then PR is granted within six months to a year upon investment. Immediate family of the GIP Permanent Residency applicant will also be granted Permanent Residency status upon approval of the application.

If you would like to ‘outsource’ the administrative process of the GIP, we would be happy to assist you in completing the application, arranging for interview with Contact Singapore and collation of required supporting documents. Please drop us an email.

Permanent residency applications under the Financial Investor Scheme will be assessed by the Monetary Authority of Singapore (MAS).

• FIS - Eligibility

With effect from 1st January 2011, eligibility criteria for FIS will be as follows:

• Applicants should have minimum Net Personal Assets (NPA) of S$20 million;
• Applicants have to place at least S$10 million of assets in Singapore for 5 years. The Minimum Sum should comprise of financial assets* not less than S$8 million. Up to S$2 million can be used to buy private residential properties.

These financial assets shall be placed with a financial institution regulated by the Monetary Authority of Singapore. Existing financial assets placed with the financial institution can be included as part of the Minimum Sum.

*Financial assets can be in any or all of the following forms:

• Bank deposits;
• Capital market products;
• Collective investment schemes;
• Premiums paid in respect of life insurance policies;
• Other investment products.

We would be happy to act as an introducer to MAS authorized Financial Institutions and Private Banks. If you would like us to help you in arranging a meeting with a participating Private Bank / Financial Institution, then please contact us.