Global Investor Programme for ultra-high net worth individuals
The Global Investor Programme (GIP) awards PR to eligible global investors who intend to drive their businesses and investment growth from Singapore. You will need to have a substantial business track record and successful entrepreneurial background to qualify.
Facts about the Global Investor Programme:
Suitable for ultra-high net worth business owners and family offices
As a business owner, company annual turnover is at least S$200 million
Investment amount of at least S$2.5 million
Takes 1 to 2 years to PR status
If you can qualify, go straight for GIP. GIP has the highest barrier to entry as easiest category requirements are S$200 million annual turnover. If you can qualify, your chances of success are high, and the application will be straightforward.
EntrePass Investor in Singapore
If you are an investor or someone with existing business overseas. By setting up a company and investing in Singapore, you can hit two birds with one stone.
Benefit from the investment framework we have (tax regime, incentives etc) and
Obtain EntrePass and dependent pass for the option to stay in Singapore as needed
Facts about the EntrePass include:
Suitable for foreigners planning on investing in Singapore companies by setting up investment holding or single-family office
Required to have an investment track record
At least 8 years’ experience in strategic managerial position that can help local innovative or tech startups.
Recommended investment of S$1 million
Takes 1 to 3 years to PR
Running a business with Employment Pass
1. If you have an existing overseas business to expand into Singapore, or
2. If you can start and run a new business in Singapore
Incorporating a company with an EP is ideal for business owners who will relocate and live in Singapore to run their businesses. Your physical presence in Singapore will contribute to your PR application.
Timeline: Takes 1 to 3 years to PR
2 to 3 months to set up your company and obtain an EP
Minimum 6 months of operations before applying for PR
6 to 12 months for PR application
Job seeking with Employment Pass
Foreign professionals with a job offer in Singapore can apply for an Employment Pass. The eligibility criteria include:
Fixed monthly salary of S$4,500 (Your salary should reflect your work experience and qualifications)
Employers or employment agents (recommended for higher approval rates) should apply for the pass before an applicant comes to Singapore.
The EP is normally issued for 1-2 years at a time and is renewable.
Takes 1 to 3 years to PR
In our opinion, the GIP is the most straightforward way with the highest success rate. However, only a minority of individuals can qualify.
The next best thing would be to migrate with an EntrePass as an investor. This is because your EntrePass has specific requirements on a minimum business spending and to hire local employees. Upon PR application, this is clearly stated as a direct contribution to Singapore.
If you are running a business in Singapore with an Employment Pass, having local business spending, and paying local salaries are also a direct contribution. Just that in comparison to an EntrePass, an Employment Pass is still considered part of our foreign workforce whereas an EntrePass is specifically for entrepreneurs. This is the first line of defence the EntrePass has.
Majority of PR applications would come from Employment Pass holders who are employees of local Singapore companies. If you are an outstanding individual, be sure to justify and frame a compelling reason. If your application looks bland, you should consider improving your case: get a higher salary, obtain property, get involved in community work or invest in your education.