Contact Singapore is a one-stop shop for business owners and investors who are considering a relocation to Singapore.
But don’t let the lack of a .gov fool you. Contact Singapore administers the Global Investor Programme (GIP) which grants permanent residency to successful entrepreneurs and foreign businesses with substantial turnover. However, the company requirements continue to climb and now stand at:
Minimum 3-years certified accounting with at least $50 million average per year for 3 years and minimum $50 million turnover the year before applying
If privately held you must held minimum 30% shareholder
If publicly-held must also submit detailed 5-year business plan; and
Must hire 5 additional workers; and
Must have annual total business expenditure minimum $1 million
All of which must occur by third year milestone of the 5-year business plan
For individual investors interested in starting a business they can acquire Singaporean Permanent Residence (SPR) for themselves and family by either:
Invest minimum SGD 2.5 million in a new business entity; or
Invest minimum SGD 2.5 million in a new GIP-approved fund.