Investor Visa in Singapore

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Investor Visa in Singapore

Singapore offers an Investor Visa for foreign investors who wish to invest in the country and contribute to the local economy. The Investor Visa, also known as the Global Investor Program (GIP), is a scheme that grants permanent residency to eligible foreign investors who invest a significant amount of money in Singapore. Below are the details of the Investor Visa scheme in Singapore:

Eligibility Criteria

The applicant must have a minimum of SGD 2.5 million in investible assets.
The investible assets must be in the form of cash, fixed deposits, or investments in stocks, bonds, or other financial instruments.
The applicant must have a successful business track record, with at least three years of entrepreneurial or business experience.
The applicant must have a good character, with no criminal record.
Investment Options:
The applicant can choose to invest in a new business or an existing business in Singapore.
For a new business, the applicant must invest a minimum of SGD 2.5 million in a new business entity, or SGD 2.5 million in an existing business entity that has been incorporated for less than three years.
For an existing business, the applicant must invest a minimum of SGD 2.5 million in the expansion or enhancement of the business.

Application Process

The applicant must submit an application to the Economic Development Board (EDB) of Singapore.
The application must include details of the proposed investment, the applicant's business track record, and other relevant information.
The EDB will review the application and may request additional information or clarification.
If the application is approved, the applicant will receive an Approval in Principle (AIP) letter.
The applicant must then make the investment and provide evidence of the investment to the EDB.
Once the investment is verified, the applicant will receive a Letter of Approval (LOA) and can apply for permanent residency.

Benefits of the Investor Visa

The Investor Visa grants permanent residency to the applicant and their immediate family members.
Permanent residents enjoy many benefits, including access to education, healthcare, and social services.
Permanent residents are also eligible to apply for citizenship after a certain period of time.
The Investor Visa also provides opportunities for the applicant to expand their business network and access new markets in Asia.

Overall, the Investor Visa scheme in Singapore provides a great opportunity for foreign investors to invest in the country and contribute to the local economy while enjoying the benefits of permanent residency. The eligibility criteria are strict, and the application process can be complex, but the rewards are significant for those who are successful.