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Top 5 Most Popular FAQs
What is the EDB?
Singapore Economic Development Board (EDB)
is the lead government agency for planning and executing strategies to enhance Singapore’s position as a global business centre. EDB dreams, designs and delivers solutions that create value for investors and companies in Singapore. Our mission is to create for Singapore, sustainable economic growth with vibrant business and good job opportunities. EDB’s ‘Home’ strategy articulates how we are positioning Singapore for the future. It is about extending Singapore's value proposition to businesses not just to help them improve their bottom line, but also to help them grow their top line through establishing and deepening strategic activities in Singapore to drive their business, innovation and talent objectives in Asia and globally.
What is the procedure to set up an RHQ or IHQ in Singapore?
Before you apply
Learn more about RHQ and IHQ on EDB’s website. Download and read the
for more information.
Ensure that you qualify for the programme. Contact EDB if you need help.
Meet with the EDB officer-in-charge to discuss your application. The officer can help you work out the eligibility criteria and determine if you meet them.
Applying for RHQ or IHQ
Obtain the application form from EDB.
Submit the application form with the supporting documents.
Upon successful application
Receive notification from EDB
Keep proper financial records. E.g. accounts, profit & loss, audited financial statements
File your company taxes and claim under RHQ.
For more information about the process, please contact us at
What are the options to apply for PR through the Global Investment Programme?
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.
ASSESSMENT CRITERIA FOR GIP APPLICATION
You must possess at least 3 years of entrepreneurial and business track
record and must produce audited financial statements of your
company for the last 3 years.
Your company must only be engaged in one or more of the industries
listed in Annex A.
Your company’s turnover must be at least S$50 million in the year
immediately preceding your application, and at least S$50 million per
annum on average for the three years immediately preceding your
You should submit the financial statements of your company with the highest turnover. You may also consolidate your businesses, all of which must only be engaged in one or more of the industries listed in Annex A, to meet the minimum turnover criteria.
If your company is privately-held, you should have at least 30%
shareholding in the company. Your role in the company, as well as the
growth and profitability of your company would be taken into
ADDITIONAL ASSESSMENT CRITERIA FOR OPTION A APPLICANTS
You must submit a detailed 5-year business or investment plan with projected
employment and annual financial projections as outlined in Form B.
You are required to fulfill the milestones outlined in your business or investment
plan within 5 years of the date of investment.
Your company must be engaged in any of the industries listed in Annex A.
What is the Regional/International Headquarters Award?
The RHQ / IHQ award aims to encourage companies to use Singapore as the base to conduct HQ management activities.
For more information, please click
to download the Headquarters Award leaflet.
To contact an EDB officer on the RHQ or IHQ scheme, please contact us at
What is the procedure to apply for PR through GIP?
To apply for GIP, please kindly submit your application according to the
Step 1 – Payment of a Non-refundable Application Fee
(a) You are required to pay a non-refundable application fee of S$7,000
before submitting the application forms. Any transaction fee must be
borne by the investor and you should take this into account when
issuing instructions to your respective financial institutions for the making
of this payment. Contact Singapore will not process the application
submitted if the net amount received by Contact Singapore is less than
S$7,000. Please also note that payments in excess of S$7,000 are not
refundable. You should send the sum of S$7,000 in a single transaction.
(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:
Receiving Account: 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
(Note: All intermediary bank charges should be borne by the sender
and should not be deducted from the sum of S$7,000.)
Please include the following information in your transfer:
‘Application Fee for <Applicant’s Name; Date of Birth>, Contact SG’
(c) After making the payment, please ensure that you obtain a hard copy
of your payment transaction slip for submission with other documents
highlighted in “List of Supporting Documents for GIP Application”
uploaded on Contact Singapore’s website -
www.contactsingapore.sg/GIP. The time between the remittance of
the application fee and the submission of application form must be 1
month or less.
Step 2 –
Please download Application Forms - Form A (Personal Profile), Form B
(Proposed Investment Plan) and Form C (Payment Details) from
www.contactsingapore.sg/GIP for completion offline.
Step 3 – Upload the Completed Application Forms (Form A, Form B and Form
After completing the Application Forms (Form A, Form B and Form C), please
upload the forms to https://application.sgip.gov.sg/public.
(For GIP Funds, please upload the Forms to https://application.sgip.gov.sg/edb)
Step 4 – Submit the following supporting documents in hard copy to Contact
(a) Undertaking on the Terms and Conditions of the GIP.
(b) Statutory Declaration Form.
Please note that:
For statutory declarations made in the UK or in a Commonwealth
country, it can be done before a notary public, Justice of Peace or
other persons authorised under the law of that country to
take/receive statutory declarations.
For non-Commonwealth countries (e.g. China), all statutory
declarations must be signed only by authorised Singapore embassy
or consular staff in the non-Commonwealth country.
If the applicant is in Singapore, the statutory declaration can be
done in the presence of any Commissioner for Oaths, Justice of
Peace or Judge in Singapore.
(c) Declaration form for Application of Global Investor Programme in
(d) Declaration form for Proposed Investment Plan in Form B.
(e) Payment details of Application fee in Form C (with hard copy of
payment transaction slip attached).
(f) Application for an Entry Permit to Enter Singapore – Form 4 (1 original
and 1 photocopy are required for each applicant included in the PR
Please download Form 4 from www.contactsingapore.sg/GIP
(g) Supporting documents for Form A, Form B and Form C. Please refer to
the “List of Supporting Documents for GIP Application” on Contact
Singapore’s website - www.contactsingapore.sg/GIP.
Please note that official English translations for documents in foreign
language must be provided and notarised by the relevant notary
The validity period for notarised documents is 1 year.
If you are unable to find an answer to your query, please submit your
to let us know how we can help you.
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