Introduction of Singapore Economic Development Board and HKMA Investment Immigrants

Since July 2005, Singapore has launched the Global Investor Program, aiming at attracting overseas investors, entrepreneurs and business management talents to invest, emigrate and start businesses in Singapore. Eligible applicants can apply to become permanent residents of Singapore (PR) under the scheme, including investors themselves and their families (spouses and unmarried children under 2 1 year old). Since its launch, the project has been favored by many domestic entrepreneurs. The following yongxin immigration experts will introduce the application conditions and handling procedures of the two investment projects, Economic Development Bureau and HKMA.

Application conditions for EDB investment plan of Singapore Economic Development Bureau:

1. The applicant must be a shareholder of the enterprise (accompanied by children under 2 1);

2. The applicant must have owned the enterprise for more than 3 years;

3. The equity held by the applicant is not less than10%;

4. The annual turnover of the company should reach more than 30 million Singapore dollars;

5. Investors should invest at least 2.5 million Singapore dollars in the fund approved by the Singapore government for a period of 5 years. Investment funds shall not be withdrawn or related equity transferred within 5 years from the date of investment, and the funds shall be entrusted by the government.

Singapore investment immigration procedure (EDB project);

1, sign a contract for one month to collect data and submit it to the Singapore Economic Development Board;

2, six to eight months to participate in the interview;

3, in principle, six to eight months to receive the approval letter;

4. One-month investment;

5. Send a formal approval letter in one to two months;

6. Complete the physical examination report in two weeks and get the permanent residence certificate of the whole family in Singapore.

Monetary authority of singapore MAS investment plan application conditions:

1. The applicant must have personal assets of at least S $20 million, and must have invested at least S $100,000 in a financial institution managed by monetary authority of singapore for more than five years (counting from five years after obtaining permanent residence);

2. Financial products with an investment of not less than S $6,543,800,000;

3. The investment portfolio can include property and financial products, of which financial products are not less than S $8 million and property is not more than S $2 million (financial products include: cash products, capital market products, specific investment plans, life insurance and other investment products).

Investment amount scheme:

1. Invest at least 1 ten thousand Singapore dollars to set up a company in Singapore to engage in business activities permitted by the Singapore government;

2. Invest S $6,543,800+0.5 million to set up a company in Singapore or purchase a fund formulated by the government for 5 years;

3. Invest at least S $2 million, including S $6,543,800,000 to purchase funds formulated by the government and S $6,543,800,000 to purchase real estate;

4. Invest S $5 million in bank deposits, capital market products, trust investment, insurance products or other financial investment products; Invest S $2 million in the real estate designated by the government and invest in the portfolio investment of top-up products.

Singapore investment immigration procedure (HKMA project);

1, one month contract collection data is submitted to HKMA；;

2, three to six months to issue the approval in principle (valid for six months) and the physical examination form;

3. One-month investment;

4. Send a formal approval letter within one to two months (valid for twelve months);

5. Complete the physical examination report in two weeks and get the Singapore permanent identity card for the whole family.