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Comparison of Singapore Immigration Routes

Comparison of Singapore Immigration Routes

Singapore is strategically located between the Pacific Ocean and the Indian Ocean, has attracted many high- net- worth people to immigrate due to its stable political environment, free trade economy, low tax rate and investment risk. Currently, there are mainly three routes to immigrate to Singapore, namely, Global Investor Programme (GIP), Single Family Office and Self- Employment Pass. Different immigration routes need to meet different conditions, the three immigration routes are briefly compared in the table below.

 Item


GIP


Single Family Office


Self- Employment Pass


Time to obtain Permanent Resident (PR)


Directly grant PR once approved


PR shall be applied for at least two years after Employment Pass (EP) application


Eligible to apply for PR at least three years after EP application


Eligibility of Applicant


Established Business Owners, Next Generation Business Owners, Founders of Fast Growth Companies or Family Office Principals


Certain educational background, above degree with investment experience


No mandatory requirement, but a certain educational background, degree or above is a plus


Investment fund


At least SGD2.5 million


At least SGD5 million


No specific requirement


Capital occupation time


Five years


Two to five years


Nil


Granted PR success rate


To meet the investment option, highest approval rate


If hire local employees and pays certain corporate income tax, the approval rate is higher


If hire local employees and pays certain corporate income tax, the approval rate is higher


Granted EP success rate


N/A


If it meets the requirements of the size of the fund, more likely to be approved


Very likely if having physical office, local employees and operations in Singapore


Time resided in Singapore


At least half of the five years



EP, no specific time resided in Singapore requirement, however if you plan to apply for PR, better to stay for at least 183 days a year


EP, no specific time resided in Singapore requirement, however if you plan to apply for PR, better to stay for at least 183 days a year


Salary requirement


N/A


At least SGD8,000


At least SGD8,000


Age requirement


N/A


Not above 55


Not above 55


Renewal requirement


Annual total business expenditure of at least SGD2 million


Annual business expenditure more than SGD200,000, and hired local employees


No specific business expenditure requirements, but having hired local employees, payment of corporate income tax and carrying out substantial business is a plus



  1. Global Investor Programme (GIP)

    Launched by the EDB Singapore, the scheme is aimed at successful entrepreneurs who are rich in business and want to use Singapore as a platform to expand their overseas business. Successful applicants can directly obtain the permanent resident status in Singapore.

    The scheme offers applicants three investment options:

    (1)
    Invest SGD2.5 million in a new business entity or in the expansion of an existing business operation.
    (2)
    Invest SGD2.5 million in a GIP fund that invests in Singapore-based-companies.
    (3)
    Invest SGD2.5 million in a new or existing Singapore-based single family office having Assets-Under Management of at least SGD200 million.

  2. Single Family Office

    The establishment of a Single Family Office in Singapore, where the family office investment fund may apply for Section 13X or 13R for Singapore Income Tax Act from Monetary Authority of Singapore for the tax exemption, which enables the family to act as its own fund manager, to hold and invest its assets in a tax efficient manner.

    To qualify for the 13X or 13R tax exemption, the applied fund must:

    (1)
    Not less than SGD50 million or SGD5 million;
    (2)
    Fund managers must hire three investment specialists in Singapore;
    (3)
    Annual business expenditure of at least SGD200,000 and 13X shall meet local business expenditure of at least SGD200,000.

    Family members who join the family office as investment specialist can apply for an Employment Pass in Singapore, which in turn enables them to apply for permanent residency in the country.

  3. Self-Employment Pass

    A self-employment immigrant is an applicant who establishes a company by himself, applies for Employment Pass in the name of the company’s director and applies for permanent residency, two or three years after the company begins substantive business.

    Currently, there are above three main ways to immigrate to Singapore. People who want to emigrate can choose the most suitable immigration scheme accordingly to their actual situation and the specific requirements of various immigration modes.


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