The Global Investor Programme (GIP), available since 2004, allows eligible investors to obtain Singapore permanent residency through investment in a new or existing business or a GIP-approved fund.
Foreigners have to invest at least SG$10 million (US$ 7.78 million) in Singapore, gaining access to permanent residency immediately upon approval, which typically takes six months.
The program comes with a physical presence requirement of only one day a year.
After two years of continued residency in the country, applicants can apply for citizenship but must to be prepared to renounce their original nationality as Singapore doesn’t recognize dual nationality.
Program at a glance
Program Type | Golden Visa Program |
Time to citizenship | 2.5 years |
Time to permanent residency | 6 months |
Minimum investment | SG$10 million (US$ 7.78 million) |
Physical presence requirement | 1 day/year |
Application processing time | 6 months |
Citizenship grants visa-free travel to | 195 destinations, including Schengen countries |
Contribution types available | Business Investment, Funds, Securities |
How to Qualify:
To qualify for the Singapore Permanent Residence (PR) status through the Global Investor Programme (GIP), applicants must choose one of the following investment options:
Option A:
Demonstrate an investment of minimally SG$10 million (US$ 7.78 million) in a new business entity or in the expansion of an existing business operation in Singapore.
Option B:
Invest SG$25 million (approximately USD 19.4 million) in a GIP-select fund that also invests in Singapore-based companies.
Option C:
Establish a Singapore-based Single-Family Office with Assets-Under-Management (AUM) of at least SG$200 million (US$ 155.6 million), where applicants must deploy a minimum of SG$50 million (US$ 38.9 million) in any of the following four investment categories:
1.Equities, REITs, or business trusts listed on Singapore-approved exchanges;
2.Qualifying debt securities listed on the Monetary Authority of Singapore’s enquiry system;
3.Funds distributed by Singapore-licensed/registered managers or financial institutions; and
4.Private equity investments in non-listed, Singapore-based operating companies.
Important Considerations for GIP Applicants:
1.Discretionary Approval Process
Unlike most countries, meeting all GIP requirements does not guarantee approval. Singapore maintains full discretion in the approval process and may reject applications without providing specific reasons.
2.Permanent Residence Renewal Requirements
Singapore PR status requires a valid Re-Entry Permit (REP), which must be renewed every 5 years. Without a valid REP, PR status effectively lapses, making the “permanent” residence status conditional on continued compliance with Singapore’s requirements.
3.National Service Requirements
Male children of PR holders are required to serve two years of National Service in Singapore’s military. Failure to fulfill this obligation results in a de facto lifelong ban from Singapore residency for the individual.
Salient Benefits:
Program benefits
- Low taxes
- High safety
- Mild climate
- English widely spoken
- Short processing time
- Path to citizenship
- Enhanced access to large economies
Path to Citizenship:
Applicants can obtain PR status within six months, and are eligible to apply to citizenship typically within 2-3 years.
However, approval remains discretionary. Meeting all eligibility criteria does not guarantee citizenship approval, and Singapore does not publish approval or rejection statistics.
Also, while processing can be as quick as 2 years, longer periods are common.
Program Authority:
Applications for this program may be directed to:
Economic Development Board (EDB) of Singapore
Program Legal Basis:
Immigration Act (Chapter 133)