Singapore is an island state of the coast of Malaysia with an advanced economy and high standard of living. While the majority of the population is ethnic Chinese, English is widely spoken. The Singapore residency through investment scheme is called the Global Investor Programme (GIP) and it available to foreign applicants who are prepared to invest at least S$2.5 million (US$2 million). Applicants must also have a three-year specific track record of business and entrepreneurial experience and a good business plan. The required investment can go towards starting a new business or expand one already in operation, or to a GIP-approved fund that invests in Singapore-based companies and helps grow targeted industries. Once the approval has been given and the investment is made, permanent residency will be granted and a blue identity card issued, which allows the holder to live and work in Singapore for at least five years, enjoy some tax and social benefits. A Singapore permanent resident over 21 years with at least two years of permanent residence and who is gainfully employed can apply for Singapore citizenship under the Accelerated Citizenship Scheme. Dual citizenship is prohibited and all male Singapore citizens and permanent residents are liable for National Service when they turn 16 ½ years.
How to obtain foreign residency and a second citizenship by investment - a guide for investors, emigrants and expatriates
Asia
Singapore is an island state of the coast of Malaysia with an advanced economy and high standard of living. While the majority of the population is ethnic Chinese, English is widely spoken. The Singapore residency through investment scheme is called the Global Investor Programme (GIP) and it available to foreign applicants who are prepared to invest at least S$2.5 million (US$2 million). Applicants must also have a three-year specific track record of business and entrepreneurial experience and a good business plan. The required investment can go towards starting a new business or expand one already in operation, or to a GIP-approved fund that invests in Singapore-based companies and helps grow targeted industries. Once the approval has been given and the investment is made, permanent residency will be granted and a blue identity card issued, which allows the holder to live and work in Singapore for at least five years, enjoy some tax and social benefits. A Singapore permanent resident over 21 years with at least two years of permanent residence and who is gainfully employed can apply for Singapore citizenship under the Accelerated Citizenship Scheme. Dual citizenship is prohibited and all male Singapore citizens and permanent residents are liable for National Service when they turn 16 ½ years.
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