What are the GIP immigration restrictions in Singapore?

Singapore Economic Development Board (EDB) Global Business Investor Program (GIP)

Option A: Invest at least S $2.5 million to establish new business entities or expand existing business operations.

Option B: Invest at least S $2.5 million in the Global Business Investor Program Fund.

Requirements for the applicant:

A) The applicant must have at least 3 years of entrepreneurial experience and submit the audited financial report of the company for the last 3 years.

B) The company's turnover in the last year must reach at least S $50 million, and the average annual turnover in the last three years must reach at least S $50 million. Real estate companies are not among them. The applicant must declare the investment plan with the company with the highest turnover as the main company. Applicants can also submit relevant information of other companies you own to meet the minimum requirements of turnover.

C) If the applicant's company is privately owned, the applicant must hold at least 30% equity. The applicant's scope of responsibility in the company and the company's profitability will also be considered for approval.

D) The applicant's company must be 1 or above in the industry list.

E) The investment time of the two kinds of investments shall not be less than 5 years.

Additional evaluation criteria for scheme A applicants

* Applicants must submit a detailed three-year business or investment plan according to the outline listed in Form B, including recruitment plan and annual financial plan.

* Applicants need to achieve the goals set in the business or investment plan within three years after investment. After the investment is completed, the principal applicant, his partner and unmarried children under the age of 2/kloc-0 can apply for a green card together. /kloc-More than 0/6 boys should serve in the Singapore army. If they don't want to do military service, they may not be included in the application. 2/kloc-children over 0/year old and parents or in-laws of the applicant can apply for a five-year long-term visit visa. If the principal applicant has lived in Singapore for more than 1 year within 2 years, the whole family can apply for Singapore citizenship/passport.