The Global Investor Programme eases the way for foreigners to set up and operate businesses in
Important Note:
Please take note of the impending changes to the GIP, as follows:
(i) Assessment Criteria for GIP Application
The following changes will take effect from 1 October 2010:
For Applicants with entrepreneurial and business track record, the turnover of your company must be:
- At least S$30 million per annum in the most recent year; and
- At least S$30 million per annum on average for the last 3 years.
(II) Inverstment Options
The following changes in investment options will take effect from 1 January 2011:
Under the programme, applicants can choose one of the following investment options:
Option A: Invest at least S$2.5 million in a new business entity or expansion of an existing business operation.
Option B: Invest at least S$2.5 million in a GIP-approved fund.
The option of partial investment in residential property for owner occupancy would no longer be available.
(III) Provisions for Applicant's Family
The following change will take effect from 1 January 2011:
Parents and parents-in-law are not eligible to be included in the main applicant’s GIP application for PR status. Instead, they can apply for a 5-year Long Term Visit Pass (LTVP), which is renewable and tied to the validity of the main applicant’s re-entry permit.
GIP E-Application Forms