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Global Investor Programme (GIP) - More Investors To Qualify For Fast-Track PR Schemes

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Effective 1 March 2020, more qualified investors can look to fast-tracking their permanent resident status (PR) under the new rules governing the Global Investor Programme (GIP).  The GIP, an initiative administered by Singapore's Economic Development Board (EDB), was first introduced in 2004 and grants Singapore Permanent Resident status to eligible global investors who intend to drive their businesses and investment growth from Singapore.

To qualify, applicants need to showcase substantial business track record and possess a solid, successful entrepreneurial background.

So what are the new changes being implemented?

Under the updated scheme, next-generation business owners and founders of fast-growing companies from certain industries, as well as family offices, will qualify to apply for PR status through the GIP. 
Currently, only established business owners and entrepreneurs are eligible.

Mr Matthew Lee, director of Contact Singapore, a division of the Economic Development Board which oversees the GIP, said that the updates to the scheme were made to better reflect rapid shifts in the global economy over the past few years which have resulted in new business opportunities and new breeds of entrepreneurs and business owners. Expanding the scheme to attract business owners who want to start a single family office in Singapore will "strengthen our banking and finance sector", he added.

An overview of the expanded criteria can be viewed below:

ST-Qualifying Criteria

 

For more information on the Global Investor Programme, download the GIP Factsheet and have a chat with one of our GIP Advisor at +65 6493 1830 or email us at info@iasg.com.sg



 

 

Muhammad Ryhan

Author: Muhammad Ryhan

Ryhan brings with him more than 10 years of relevant client-facing experience across the Financial, Marketing, Media, and Government sectors. Moving ahead from what was predominantly a business development and sales role, he is now responsible for representing the company in the final delivery of solutions to end clients. As the intermediary between internal operations and front-line staff, the role requires a certain set of skills key to balancing the dynamics of the whole solutions chain. In addition, Ryhan still continues with the engagement, educating and bringing in of new business. He also takes the lead in the Marketing, Branding, and Recruitment functions of the company

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Immigration@SG LLP
1 Raffles Place
#37-00, One Raffles Place, Tower 1
Singapore 048616

General Enquiries:
+65 6493 1830

PR & Citizenship Consultation:
+65 6493 1830

Work Pass Enquiries:
+65 6493 1825

Mondays to Fridays, 8.30am to 7pm
Saturdays, Prior arrangements necessary

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