The Global Investor Programme (GIP) eases the way for foreign entrepreneurs to set up and conduct businesses in Singapore. EDB will provide assistance in linking up foreign entrepreneurs and investors with local business networks, thus opening up more opportunities for business collaborations. Through the GIP, you can tap on with ease a range of immigration facilitation for your entry and stay in Singapore. As a foreigner entrepreneur who is interested to start up a business or invest in Singapore, you may apply for Permanent Residence (PR) status for yourself and your immediate family (spouse and unmarried children below 21 years of age).
Under GIP, you can choose one of the following investment options:
Option A: Invest at least S$2.5 million in a new business entity or to expand an existing business operation.
Option B: Invest at least S$2.5 million in a GIP fund that invests in Singapore-based companies.
In order to be eligible for the scheme,
- You must possess at least 3 years of entrepreneurial track record and must produce audited financial statements of your company for the last 3 years.
- If your company is in the real estate or construction-related industry, your company’s turnover must be at least S$200 million in the most recent year, and at least S$200 million per annum on average for the last 3 years;
- If your company is in other sectors, your company’s turnover must be at least S$50 million in the most recent year, and at least S$50 million on average for last 3 years.
- If your company is privately owned, you should have at least 30% shareholding in the company. Your role in the company, as well as the profitability of your company would be taken into consideration.
