A “very low percentage” of the PRs under the programme have been granted citizenship, said Minister of State for Trade and Industry Low Yen Ling.
SINGAPORE: About 200 people have been granted permanent residency through the Global Investor Programme between 2020 and 2022, said Minister of State for Trade and Industry Low Yen Ling in Parliament on Thursday .
Those eligible to apply for the GIP include established or next-generation business owners, founders of fast-growing companies or family office principals. “The interest in the GIP has remained stable since its launch and the GIP investors who are approved as PRs are … much lesser than 1 per cent of the total number of PRs approved each year,” she added.Singapore attracted record S$22.5 billion in fixed asset investments last year, nearly double of 2021
Ms Low also noted that those who do not meet the economic and residency commitments, as well as other criteria, will not have their re-entry permits renewed.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rental prices in Singapore surpass Hong Kong, the world's most expensive housing market - Singapore NewsThe rise in rental prices could curtail Singapore's advantage in luring global talent.
Read more »
Singapore “strongly condemns” North Korea's latest ballistic missile test - Singapore NewsAmong nations like the US, South Korea, Japan, the G7 group of nations and the European Union, Singapore condemned the ICBM launch.
Read more »
Duo complete mammoth cycling trip from Finland to Singapore in 245 days - Singapore NewsOne of the cyclists, Valtteri Heinilä encouraged netizens to give their all to whatever they are doing now, adding: 'Less planning, more living.'
Read more »
FIBA 3X3 Asia Cup 2023 to be held at Singapore Sports Hub - Singapore NewsIt was announced last year that Singapore will be hosting this prestigious tournament for three editions – 2023, 2024, and 2025.
Read more »
Past champions set to battle for glory at HSBC Singapore Rugby Sevens - Singapore NewsOther teams battling to emerge as champions at the National Stadium are Argentina, Fiji, France, Hong Kong, Ireland, Japan, Samoa, Spain, Uruguay and the USA.
Read more »
Singapore bank UOB's core net profit jumps 37% on rising ratesSINGAPORE: United Overseas Bank reported on Thursday (Feb 23) a 37 per cent increase in quarterly core profit as rising interest rates swelled net interest income at Singapore's smallest listed bank. Singapore lenders, like their global peers, are gaining from higher interest rates, but analysts say that a
Read more »