The Global Investors Programme is administered by the Singapore Economic Development Board (SEDB) is one such one which attempts to ease the entry and of relocation investors, to enable them to setup and develop their business. After its launch this programme has attracted thousands of investors into Singapore.
Permanent Residence for Investors: Under this scheme investors can seek permanent Residence status in Singapore and will be qualified if he/she
- Invest at least S$1 million in a new business start-up or expansion of an existing business operation or
- Invest at least S$1.5 million in a new business start-up, expansion of an existing operation, approved Singapore-incorporated venture capital fund or Singapore-incorporated foundation or trust that focuses on economic development or
- Invest at least S$2 million in a new business start-up, expansion of an existing operation, approved Singapore-incorporated venture capital fund or Singapore-incorporated foundation or trust that focuses on economic development. Residential property can be purchased with not more than 50% of the investment amount.
Other investment vehicles such as venture capital funds, foundations or trusts, and/or private residential properties will be considered for application for Permanent Resident applications. Up to 50% of the investment can be in private residential properties, subject to foreign ownership restrictions under the Residential Property Act (RPA).
Multiple Journey visa facilitates the frequent entry of business executives from visa-requiring countries into Singapore. Multiple visits, each lasting up to 30 days, are allowed during the validity period of the visa which may be for 1,2 or 5 year depending on the prevailing ICA’s guidelines. The application has to be submitted along with a Letter of Introduction from a Singapore Registered company. This eliminates the Visa application for each visit. This will be of immense relief to investors who have to travel frequently to Singapore to attend to their business and investments.
Social Visit Pass for Entrepreneurs enables an applicant to stay in Singapore for 6 months, to explore business opportunities, conduct feasibility studies or complete negotiations. During the validity period the holder can leave and re enter Singapore without any hassle. The application for the SVP has to be furnished along with a support letter from the EDB. To obtain a Letter of Support from the EDB the applicant has to provide an overview of the business indicating Objective of your stay, area of business interest, Preliminary business idea, Target market , Development strategy & proposed timeline, Track record of previous business ventures ,if any, Relevant skills & work experiences. It normally takes 5 days for the letter of support to be issued by the EDB while the SVP will be issued by the ICA quite immediately on the day of submitting the application or on the following day.
For further details on eligibility criteria, application procedures, or enquiries, please contact our Advisory Team who can assist you with your requirements. Clients are invited to either visit our or call us at (65) 64388887 to discuss their specific requirements, obligation-free.
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