A traditional permanent residency (PR) application
1. You may be eligible:
Through familial ties e.g. Spouse, parent or child
Employment Pass (EP) or S Pass holder
Student studying in Singapore
Foreign investor in Singapore through Global Investor Programme (GIP)
2. Evaluation criterion
Evaluting your integration to society, potential contribution and commitment to Singapore through:
Career, experience or work pass
Education or specialisation
Length of stay or local family
Age or family profile
Investments or economic contribution
Others: Local community involvement, tax payment etc
3. Important documents for EP or S Pass holders applying PR
Testimonials from previous employer(s)
Supporting documents for local involvements
Details of salary breakdown into basic, overtime and allowance
Spouse and child(ren) documents if applicable
3 Alternatives for migration to Singapore
High value investment migration through GIP
Investment-Entrepreneurship migration through EntrePass (Investors)
Skilled-Entrepreneurship migration through EP
Global Investor Programme (GIP)
Employment Pass (EP)
|Governing authority||Enterprise Singapore||Enterprise Singapore and Ministry of Manpower||Ministry of Manpower|
|Who is it suitable for?||Ultra-high net worth business owners and family offices||Foreigners planning on investing in Singapore companies by setting up investment holding or single-family office||Foreigners who are looking to run a business in Singapore|
|To qualify||Most straightforward category of established business owners:|
- At least 3 years of entrepreneurial track record;
- Company with annual turnover of at least S$200 million.
- An investment track record
- At least 8 years’ experience in strategic managerial position that can help local innovative or tech startups.
- Managerial level experience with minimum salary of $4,500.
- Have tertiary, degree, professional qualifications.
|Investment amount||S$2.5 million||Recommended at S$1 million||Capital required is 12 months of declared salary e.g. 12 months of $5,000 is $60,000|
|Timeline||2 years to PR:|
- 1 year for GIP application
- 6 months to investment upon approval
- 3 to 12 months to formalise PR
|3 to 6 months for EntrePass application||2 to 3 years to PR:|
- 2 to 3 months for EP application
- 1 years of staying in Singapore
- 1 year for PR application
1. Presenting a portfolio of investment options
Under the GIP or EntrePass application, foreigners are required to invest a substantial amount into local businesses. Our physical presence and natural involvement in the local innovative and tech startup industry has allowed us to build a portfolio of highly scalable businesses.
2. Setting up your investment vehicles
Investment holding companies, single family offices or a private limited company for GIP, EntrePass or EP, we are experienced in setting up.
3. Assisting with application of programmes or visas
All 3 methods of migration require extensive preparation in terms of business plans, forecasts, letters of intent and more. We have insight into what the authorities are looking for, common areas of concern being:
Is the business plan innovative, feasible or scalable?
Does the company have enough funds to support the foreign employee?
Are there potential business prospects in Singapore?
Which method is suitable for me?
Global Investor Programme (GIP)
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.
You are an investor or someone with existing business overseas. By investing in Singapore, you can hit two birds with one stone.
- Benefit from the investment framework we have (tax regime, incentives etc) and
The EntrePass holder in Singapore typically sets up a family office or venture capital as investment holding vehicles. Your business activity will be investment related instead of professional services, trading and so on. To fulfill EntrePass criterion, your portfolio would focus on tech with flexibility to include other investment types.
- Obtain EntrePass and dependent pass for the option to stay in Singapore as needed
If your goal is to apply for PR, an EntrePass is more advantageous compared to an Employment Pass. This is because an EntrePass has specific renewal requirements for the company to directly contribute to local economy by direct expenditure and local employee hiring. Whereas, an Employment Pass’s renewal is subjective between the relationship of the applicant and host company only (no direct link to local economy contribution).
Employment Pass (EP)
You intend on finding a job in Singapore
You have an existing overseas business to expand into Singapore
You can start and run a new business in Singapore
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.
Moving on from PR to Singapore Citizen
Once you have been a PR for at least two years, you may apply with the Immigration Checkpoints Authority (ICA) for your citizenship. ICA takes into account factors such as the individual’s family ties to Singaporeans, economic contributions, qualifications, age, family profile and length of residency, to assess the applicant’s ability to contribute to Singapore and integrate into our society, as well as his or her commitment to sinking roots.
Under the Enlistment Act, all male Singapore Citizens and Permanent Residents, unless exempted are required to serve National Service (NS). Following the completion of full-time NS, they will be required to serve up to 40 days of Operationally Ready National Service (ORNS) per year for the duration of their ORNS training cycle till the age of 50 years (for officers) or 40 years (for other ranks). NS-liable persons are required to register for NS upon reaching 16 1/2 years old and will be scheduled for enlistment at the earliest opportunity upon reaching 18 years old.
Singapore citizenship applications usually take six to 12 months to process.
There are a great many things to think about and do before migrating to Singapore. From vaccinations to work permits to housing and many other issues. Migration to Singapore, as is the case with any other country, is not a matter to be taken lightly. Contact us to talk about your migration plans.