|
Foreign Entrepreneurs Investment
Foreign investors with substantial capital and good
entrepreneurial track records may apply for permanent residence under
the Global Investor Programme thru Singapore Economic Development
Board (EDB).
Document Required
Service Charge Statement (Option A)
Option A
1. Approve Investments
Invest at least S$1 million
in a new business start up OR expansion of
an existing business operation and with the approval business plan
submitted to EDB at the point of application.
The investment in a Singapore-incorporated entity
must take the form of a capital injection resulting in
the issuance of new ordinary shares by the entity. The
investor should generate economic activities in
Singapore, such as business transaction of goods and services and
employment.
2. Evidence of Investment
Within 6 months of obtaining
in-principal approval of PR, the investor will be required to produce
bank statement showing evidence of the S$1 million of
the investment
3. Retention Period
The investor is required to maintain the investment of the
options for a period for FIVE years commencing from the date
of final approval of PR. All documents shall be retained with the EDB
during the retention period.
The investor is required to give an undertaking
that during the retention period, such investment shall not be
transferred (or enter into an agreement to sell or transfer),
assigned, mortgaged, used as collateral or be disposed of save with
the prior written approval or the EDB and upon such conditions as may
imposed by the EDB.
The investor is required to furnish EDB with the
independently audited financial report of their investment in the
business entity at the start of the third and fifth year of the
retention period. In the third year, the investor is required to
submit both the first and second year audited financial reports an
similarly in the fifth year.
4. Evidence of Investment After PR Status is
Granted
The Investor is required to furnish EDB
with independently audited financial reports of their investment
in business entity at the start of the third and fifty year of
the retention period. 5. Inclusion of Family
Members and Addtional Investment Required for Parents / Parent- in-Law
The investor can include his "immediate family" in
this application. "Immediate family" is defined as :-
Spouse (one only)
Unmarried children 21 years of age and below
The investor allow to apply for their parent or
parent-in-law for a Long-Term Social Visit Pass. Additional investment
amounts of S$300,000 per person under the investor’s PR
application.
The investor unmarried children over the age of 21
years are eligible to apply for Long-Term Social Visit Pass.
|
