Singapore Permanent Residency

GLOBAL RESIDENCY / Singapore

Singapore Global Investor Programme (Singapore Permanent Residency)

Singapore is frequently voted as the best Asian city to live due to its excellent infrastructure and public services, lowest crime rates in the world and its political and economic stability.

Over the recent years, Singapore has introduced tax regulations that favour foreign investors as all foreign income is exempted from tax.
Singapore has a mild tax regime and has over recent years introduced tax regulations favoring foreign investors, under which all foreign income is exempted from taxation, even if remitted to Singapore, unless remitted through a partnership in Singapore. A residence permit in Singapore does not however provide as many visa free travel privileges as other countries.

To gain a permanent residence permit in Singapore the applicants must submit a personal profile and a proposed investment plan, attend an interview (usually within 3-4 months of submission of application) and once approved for an initial period of six months, must make the required investment and submit documented evidence.

Two investment options are currently available: Option A requires an investment of at least SGD2,5 million in a new business entity or expansion of an existing business operation or Option B which requires investment of SGD2,5 million in one of the Global Investor Programme approved venture capital funds. The procedure is considered to be one of the most lengthy as it can take up to 10 months.

After two years of residence in Singapore, applicants can apply for citizenship, however applicants must relinquish of all other citizenships and male citizens must participate in the country’s two year compulsory National Service.

Singapore Permanent Residency features  
Visa Type Global Investor Programme (Permanent Residence Permit) 
Time Frame 8-10 months
Requirements Global Investor Programme: Must demonstrate active business management and ownership for three years, minimum investment of SGD2,5 million   
Minimum Investment SGD2,5 million
Taxation Territorial tax system; income sourced outside Singapore is tax free, even if remitted to Singapore; no net wealth or capital gains tax; no inheritance or gift taxes  
Years to qualify for Citizenship 2 years residence    
Language for Citizenship No
Permanent Residence Yes
Other requirements None
Dual Citizenship No

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