Foreigners can apply to be PRs under the programme if they invest at least $2.5 million into starting or expanding a business here. Read more at straitstimes.com.
SINGAPORE - About 200 people obtained permanent residency through the Global Investor Programme from 2020 to 2022, said Minister of State for Trade and Industry Low Yen Ling.
The GIP has attracted about $5.46 billion in investments from 2011 to 2022, and generated more than 24,000 jobs, Ms Low said in Parliament. Singapore is among dozens of countries, including major economies such as the United States, the United Kingdom, Canada and Australia, that offer what is popularly known as the golden visa aimed at attracting high-net-worth individuals who can contribute to economic activity and boost investments.
She told the House that EDB conducts regular reviews to ensure GIP investors are rooted in Singapore, and that they contribute to the country’s economy and job creation.
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