The Global Investor Programme (GIP) in Singapore is a scheme that encourages wealthy investors and entrepreneurs to make substantial financial investments in the country, offering them the opportunity to obtain permanent residency in return, provided they meet specific investment criteria and contribute positively to Singapore’s economic growth.

The eligibility requirements for the Global Investor Programme (GIP) in Singapore include:

• Minimum Investment: Investors must commit to investing at least S$2.5 million in a new business startup or expansion of an existing business or invest at least S$2.5 million in a GIP-approved fund that invests in Singapore-based companies.
• Business Track Record: Investors must have a successful entrepreneurial track record and possess a strong business proposal that contributes to Singapore’s economic growth.
• Background Check: Applicants must undergo a background check and demonstrate good character, financial stability, and a commitment to the local business community.
• Economic Contribution: The proposed business must create local job opportunities, generate economic benefits, and contribute positively to Singapore’s economy and innovation landscape.
• Approval by Authorities: The application must be approved by the relevant government authorities, such as the Economic Development Board (EDB) or the Ministry of Manpower (MOM), based on the investor’s qualifications and proposed business plan.

The documents required for the Global Investor Programme (GIP) in Singapore typically include:

• Business Plan: A detailed business plan outlining the proposed investment, business activities, financial projections, and potential impact on Singapore’s economy.
• Proof of Investment: Documentation proving the investment commitment, such as bank statements, investment agreements, or capital injection details.
• Company Incorporation Documents: If the investment involves setting up a new company in Singapore, relevant incorporation documents, business registration certificates, and shareholding details are required.
• Financial Statements: Financial statements of the business or investment entity, including balance sheets, income statements, and cash flow statements.
• Employment Details: Information about employment generated or to be generated by the investment, including job creation plans, hiring projections, and employment contracts.
• Personal Documents: Personal identification documents, passport copies, resumes, and background information of the investor(s) or key personnel involved in the investment.
• Tax Records: Income tax returns, financial statements, and tax clearance certificates to demonstrate compliance with tax obligations.
• Property Details: Documentation related to property investments, such as purchase agreements, property valuations, and ownership certificates (if applicable).
• Business Licenses and Permits: Any relevant licenses, permits, or regulatory approvals required for the proposed business activities.
• Other Supporting Documents: Additional documents may be required depending on the nature of the investment, industry sector, and specific requirements outlined by the authorities.

It’s important for applicants to ensure that all required documents are accurate, up-to-date, and properly prepared according to the guidelines provided by the relevant authorities, such as the Economic Development Board (EDB) or the Ministry of Manpower (MOM). Professional advice and assistance from legal or financial experts experienced in the GIP application process can also be valuable in preparing the necessary documentation.

The application procedure for the Global Investor Programme (GIP) in Singapore typically involves the following steps:

• Eligibility Check: Ensure that you meet the eligibility criteria for the GIP, such as having a substantial business track record, investing a minimum amount in Singapore, and contributing to the local economy.
• Submission of Application: Prepare and submit your GIP application, including all required documents such as business plans, financial statements, investment details, and personal particulars.
• Application Processing: The Singapore Economic Development Board (EDB) reviews your application, conducts due diligence, and assesses your investment proposal’s viability and potential benefits to Singapore.
• Interview (if required): Attend an interview with EDB officials to discuss your investment plans, business strategy, and contributions to Singapore’s economy.
• Approval and In-Principle Approval (IPA): Upon successful review, you will receive either approval for the GIP or an In-Principle Approval (IPA) letter outlining any conditions or requirements for final approval.
• Investment and Compliance: Fulfill any investment commitments and comply with the conditions outlined in the IPA, such as setting up your business entity, creating local jobs, and meeting ongoing investment milestones.
• Final Approval: Once all requirements are met, you will receive final approval for the GIP, allowing you and your family to obtain Singapore Permanent Residence (PR) status.
• PR Application: After GIP approval, submit your PR application to the Immigration and Checkpoints Authority (ICA) along with the required documents for PR status.
• PR Status: Upon successful PR application processing, you and your family members can enjoy the benefits of Singapore PR, including long-term residency, healthcare, education, and employment opportunities.

It’s crucial to adhere to the application guidelines, provide accurate information, and comply with investment and immigration regulations throughout the GIP application process to ensure a smooth and successful outcome.

If your application for the Global Investor Programme (GIP) in Singapore is rejected, you can submit an appeal within 90 days of receiving the rejection notice. The appeal will be reviewed by the relevant authorities, and you may need to provide additional information or address any concerns raised during the initial assessment.

The processing time for the appeal can vary but typically takes several weeks to a few months.

If your application is unsuccessful, we can help to investigate why your application was rejected and to refine your application and business plan based on MOM’s feedback and submit an appeal on your behalf.

The Global Investor Programme (GIP) in Singapore does not have a renewal process as it is not a pass or visa but rather a scheme for investors to obtain Permanent Residency (PR).

Once approved under the GIP, investors and their families can enjoy PR status – subject to fulfilling certain conditions.

The Global Investor Programme (GIP) in Singapore doesn’t have a formal cancellation process per se, as it’s a scheme for eligible investors seeking permanent residency.

However, if an applicant no longer meets the GIP requirements or wishes to withdraw from the programme, they can inform the authorities and cease participating in the PR application process.