|
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).
Service Charge Statement (Option
C)
Document Required
Option C
1. Approved investments
Upon the date of in-principal approval
of Singapore Pr, the investor has six months to invest a minimum
of S$2 million in accordance with the approval business plan
submitted to EDB at the point of application.
The investor allowed to invest up to 50% of
the investment for purchase of ONE residential property in
Singapore for owner and family occupation. Only the purchase price
(excluding stamp duty, legal fee, etc) shall be considered for the
purposes of this investment.
The applicant must agree NOT to enter into
any form of agreement / option to purchase the residential
property BEFORE in-principal approval of PR. Joint
ownership of property may be allowed between the applicant and his/her
spouse.
Application would require approval from the
Land Dealing Officer after he has obtained his Permanent
Residence status.
The investor shall not sell enter into any
agreement to sell or give any option to buy, mortgage or rent the said
property during the 5 year retention period.
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 S$2 million of the
investment
Should the investor choose to invest in Venture
Capital Fund, the investor required to place the acquired share
certificates in the fund with the EDB within two weeks of closing the
transaction with the Venture Capital Fund company.
and
Should the investor choose to invest his funds in Residential
Property in Singapore, the investor will required to deliver the Title
of Deed of Property to the EDB within two weeks of closing the
transaction for purposes.
3. Retention Period
The investor is required to maintain the investment or
residential property under each 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.
4.Inclusion Of Family Members and Additional
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.
|
