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.

(a) You are required to pay a non-refundable application fee of S$5,650 before submitting the application forms. 

 (b) The application fee is to be credited to the following bank account using telegraphic transfers from overseas, or local interbank transfer. 

Bank account details: 

Economic Development Board Bank 

Name: DEUTSCHE BANK AG 

Bank Address: 1 Raffles Quay #15-00 South Tower Singapore 048583 

 Bank Account: 2547701000 

 Bank Code: 7463001 

 Swift Code: DEUTSGSGXXX 

 Please include the following information in your transfer: ‘Application Fee for <Applicant's Name, Date of Birth>, Contact SG’