Singapore has long been a global hub for investment, and the country continues to attract foreign investors through its unique initiatives. The government here has developed the Global Investor Programme (GIP), attracting high-net-worth individuals and entrepreneurs.
As a part of this program, Singapore offers permanent residency to high-net-worth individuals (HNWIs), entrepreneurs, and established business owners in exchange for substantial business investments. In the process, the country aims to strengthen its economic environment and foster innovation.
This approach has been effective for Singapore as it creates job opportunities while providing investors with a stable and business-friendly environment.
- What is the Global Investor Programme (GIP)?
- Eligibility Criteria for the Global Investor Programme (GIP)
- Investment Options under the Global Investor Programme (GIP)
- Application Process for the Global Investor Programme (GIP)
- Documentation and Compliance Requirements
- Compliance Requirements
- Benefits of GIP Permanent Residency
- Why Do Investors Prefer Singapore as a Business Hub?
What is the Global Investor Programme (GIP)?
Foreign entrepreneurs can obtain a Permanent Residency (PR) in Singapore by making strategic investments into the country’s economy. The GIP program is administered by Contact Singapore. This is a division of the Singapore Economic Development Board (EDB). It has been designed to attract individuals who have a proven track record in certain fields and are ready to contribute to the economy of the city-state.
This program opens up the doors for global investment opportunities with Singapore residency. It has been a part of the long-term economic strategy of the country. In the process, Singapore has emerged as a leading global hub for innovation and business.
Investors joining this program not only benefit from residency, but also gain access to a well-regulated financial system. The favourable business environment and robust legal framework, along with the gateway to Asia-Pacific markets, make Singapore a preferred choice for investors.
The GIP has evolved over the years as per the national priorities of Singapore. Notably, from February 21 2025, key updates will come into action to enhance transparency and strengthen the impact of investment in local sectors. These changes demonstrate the commitment of the government to sustainable growth and ensure that GIP applicants bring meaningful value to the dynamic business ecosystem in Singapore.
Investors can build deeper roots through the Singapore permanent resident investment program professionally, financially, and personally.
Eligibility Criteria for the Global Investor Programme (GIP)
Applicants need to demonstrate a significant track record in entrepreneurship to qualify for the Global Investor Program. Also, they need to showcase their financial strength and put forward a clear intent to anchor their business or investment operations in Singapore.
There are three main applicant categories. There are three main applicant categories, each with its own set of eligibility requirements:
1. Established Business Owners
You must:
- Have a track record of at least 3 years in entrepreneurship or business
- Currently operate a company in Singapore for which the annual turnover should be at least SGD 200 million in the latest year. The average annual turnover for the last 3 years should be a minimum of SGD 200 million a year.
- In case you own multiple companies, you may consolidate the revenue, but make sure to provide a clear ownership structure.
2. Next-Generation Business Owners
You must:
- Operate as a part of a family that owning a well-established business. The annual turnover should be at least SGD 500 million in the most recent year.
- Must be part of the management team of the company
- Provide a letter of endorsement from a family member with substantial ownership in the business.
3. Founders of Fast-Growth Companies
You must:
- Be one of the largest individual shareholders and the founder of a company with high growth and a valuation of at least SGD 500 million.
- Reputable private equity or venture capital firms must have invested in the company.
4. General Criteria for All Applicants
- A clean personal and professional track record.
- Ability to contribute to the economy of Singapore and refine its innovation and talents
- Must fulfill the investment options as outlined under GIP guidelines.
Investment Options under the Global Investor Programme (GIP)
Option A: Invest in a New or Existing Business in Singapore
- Minimum investment should be SGD 10 million
- Applicants must either start a new business or invest in the expansion of an existing one
- They must submit a detailed business or investment plan for 5 years
- The business must operate in an approved sector like energy, fintech, precision engineering, aerospace, or healthcare.
Option B: Invest in a GIP-Approved Fund
- Minimum investment is SGD 25 million.
- Funds must be approved by EDB and meet stringent performance and governance criteria.
- These funds typically focus on Singapore-based companies, supporting innovation and scaling operations.
Option C: Establish a Single-Family Office in Singapore
- Minimum assets under management (AUM) should be SGD 200 million.
- At least SGD 50 million must be allocated for investments based in Singapore.
- The family office must employ at least 5 professionals, including investment professionals.
- This option is ideal for high-net-worth individuals looking to manage family wealth and legacy planning from Singapore.
| Option | Minimum Investment | Focus Area | Key Requirement |
| A | SGD 10 million | Business creation or expansion | Submit 5-year business plan |
| B | SGD 25 million | GIP-approved fund | Minimum 5-year holding period |
| C | SGD 200 million AUM | Family wealth management | At least SGD 50M invested locally |
Application Process for the Global Investor Programme (GIP)
Step-by-Step Application Process
- Review the eligibility criteria and select an investment option:
- Option A: Invest at least S$10 million in a new or existing business entity in Singapore.
- Option B: Invest S$25 million in a GIP-select fund that invests in Singapore-based companies.
- Option C: Establish a Singapore-based Single-Family Office with Assets-Under-Management (AUM) of at least S$200 million, deploying at least S$50 million in specified investment categories.
- Gather relevant financial statements and business documents.
- Draft a 5-year business or investment plan, if applying under Option A.
- Fill out the GIP E-Application Form
- Submit Form 4 (Application for Entry Permit to Enter Singapore).
- Fill in and attach the Family Background Excel Sheet for all family members.
- Certified true copies of personal identification documents like passport or birth certificate.
- Company financials for the last 3 years.
- Organisational chart and proof of shareholding.
- Academic certificates, CVs, and employment history.
The Singapore Global Investor Program (GIP) application fee is 10,000 SGD.
Interview with EDBApplicants may be invited for an interview to discuss their business track record and intentions in Singapore.
Approval-in-Principle (AIP)After a successful evaluation, applicants will receive an AIP Letter. It will be valid for 6 months, within which you must complete the investment.
Final Approval- Submit documentary proof of the investment made.
- The PR status will be granted upon completion.
- The whole GIP application process will take between 9 – 12 months
Documentation and Compliance Requirements
Applicants interested in obtaining a Singapore Permanent Residence through the Global Investor Programme (GIP) must submit a comprehensive set of documents. These ensure due diligence, transparency, and eligibility verification.
Have a look at this list of the mandatory documentation:
Document | Details |
Identity Documents | Certified true copies of valid passports, birth certificates, and (if applicable) marriage certificates. |
Business Track Record | Detailed business profile outlining the nature, size, and global presence of the applicant’s company. |
Financial Records | Audited financial statements for the past three years of the main business of the applicant. These must be certified by a registered audit firm. |
Investment Intent | Detailed investment plan specifying the type and scale of intended investment in Singapore. |
Proof of Funds | Documentation proving legal ownership of the investment funds, including bank statements and supporting financial disclosures. |
Compliance Requirements
As per the rigorous governance standards in Singapore, applicants must comply with the following:
- Language of submission: All documents submitted must be in English. If the originals are in a foreign language, it’s mandatory to provide certified English translations.
- Source of funds verification: Applicants must prove that their investment funds come from legitimate sources. This includes providing tax returns, transaction histories, and legal declarations.
- Anti-money laundering (AML) regulations: GIP applicants should comply with the AML and Counter Financing of Terrorism (CFT) laws in Singapore. In case any fund flow or ownership structure appears unclear, it may lead to rejection.
- Residency requirements: PRs approved by the GIP must maintain a residence in Singapore and actively contribute to its economic environment. They must carry out business operations or make these contributions through family office activities.
Benefits of GIP Permanent Residency
1. Unrestricted Residency and Employment Rights
2. Access to World-Class Healthcare and Education
3. Opportunities for Owning Properties
4. Pathway to Citizenship
5. Family Inclusion
Why Do Investors Prefer Singapore as a Business Hub?
Global investors are interested in company formation in Singapore, as the country has emerged as a prime investment destination over the decades. Here are some key aspects investors should take into account while considering Singapore as an investment destination.
1. Economic Stability and Robust Growth
2. Strong GDP Growth
3. Strategic Location
4. Extensive Network of Trade Agreements
5. Business-Friendly Environment
6. Transparent Legal Framework
7. Access to Skilled Talent
8. Investor-Friendly Policies and Incentives
FAQs
1. Can my family apply for PR through the GIP?
2. How long does it take to process the GIP application?
3. Is there a minimum investment amount for the GIP?
4. Are there restrictions on how I can use the invested funds?
Conclusion
For high-net-worth individuals and entrepreneurs, the GIP is a remarkable opportunity to obtain residency by investment Singapore. They can also benefit from a thriving and dynamic economic environment in the country.
With professional advisory services from the IMC Group, applicants can choose the most appropriate investment routes. Accordingly, investors can align their financial goals with the strategic advantages that the lucrative business ecosystem in Singapore offers.
Proper guidance and careful planning enables investors to make the most of the GIP. Singapore’s economic environment looks dynamic, and businesses must partner with the right team of professionals as they stride ahead to long-term growth.
