Apply For Permanent Residence Singapore

If you are an investor your can apply for permanent residence Singapore under the global Investors Program GIP,  an initiative of Singapore Economic Development which is designed to help people who want to invest in Singapore. Singapore is the best country after Switzerland to its wealth management; it is also the second in how it protects investors according to the World Bank report for 2009-2010. People who look to invest in Asia choose Singapore because it is the best in confidentiality and the security of its investors.

Under this scheme the investors can decide to invest in different industries like environmental technology, media, education, biomedical science, information communication and engineering. People who apply under this scheme should show the records of their other investments they have done in addition of the money to invest. If you want to apply for permanent resident Singapore under the GIP scheme, you have first to present the investment plan that outlines how you intended to invest and manage the investments. Before approval of your application, Singapore Economic Development Board has to approve the investment plan. If the investor is outside of Singapore he has to gain first the entry to Singapore to be able to apply for permanent Apply for permanent residence Singapore

Singapore under this scheme.

If your application is approved by ICA and SEDB, then you will have to continue for your application for permanent residence with letter of approval, medical report, passport, entry pass and a photograph. You can also apply under the investment for Ultra High net worth people. Singapore is well known because it is the safest in Asia, it is has a high standard living level for its citizens, with the good healthcare system and a good education infrastructure. It is a city with a good infrastructure, a financial and economic stability, and stability in politics.

Singapore is in good location which gives the investors the flexibility to reach the inside the Asia and outside in other region. Under this provision, to apply for permanent residence Singapore, the applicants should be able to raise an asset of $20 million with $10 million of financial asset to be managed under the bank within Singapore in 5 years. Withdrawals of the capital are not allowed; only dividend and interests are allowed to be withdrawn. The main applicants can include the spouse or a child under the age of 21 in his application. If a child is above 21 and you want to include him in your application, you will be required to make an investment of $5million for him. If you want to include your parent, you will make an investment of $2.5 in their place. Any male child has to undergo the National Service.

The applications under this category take between 4 and 6 months, according to the complexity of the case. if the case is approved the applicant will be given a AIP (approval in principle)  or ICA (immigration checkpoints authority ), the applicant will get the final approval after the Monetary Authority confirm that he can be able to raise the minimum capital required.

Mindy Yong 杨雯诗

CEA Registration Number : R021232Z

Tel: (+65) 91002985
Fax: (+65) 64021826

mindy@mindyyong.com

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