Singapore

About Singapore Citizenship and Residency

Singapore offers Residency by Investment, and is frequently voted the best Asian country to live, in due to its excellent infrastructure and public services. Singapore residents offer a high quality of life to their residents.

Investment options available to acquire the citizenship and passport of Singapore. 

• Global Investor Program

There are multiple options offered under this program for the individuals.

OPTION A:

– Invest at least SGD 2.5 million in a new business entity or expansion of an existing business operation.

– The applicant must submit a five-year business or investment plan, which highlights future expenditures and revenues. The business plan will be assessed on its feasibility, overall activities, capacity to create local jobs, as well as the applicant’s role in growing the company.

OPTION B:

– Invest at least SGD 2.5 million in an approved fund that invests in Singapore-based companies plus the implementation of a business plan in Singapore.

– Applicants will be asses on their business or investment activities, capacity to create local jobs, and any future investment plans.

OPTION C (Family Office Option): 

– An investment of SGD 2.5 million, was used to establish a single-family office in Singapore, which is required to have assets under management of at least SGD 200 million (minimum SGD 50 million of assets in Singapore and SGD 150 million in offshore assets).

– Applicants will need to submit a five-year business or investment plan, which must contain employment and financial projections. The business or investment plan will be assessed on the applicant’s role in the family office and proposed investment sectors.

The Global Investor Programs Qualifications are as follows:

• ESTABLISHED BUSINESS OWNERS:

– The investor must possess at least three years of entrepreneurial and successful business track record. –  -Investors must own at least 30% equity of a company (or a summation of two companies) and must produce audited financial statements of their company for the three years before their application.

– The company’s turnover must be at least SGD 200 million in the preceding 12 months and at least SGD 200 million per annum on average for the previous three years.

• NEXT-GENERATION BUSINESS OWNERS:

– The investor’s immediate family must own at least 30% equity of a company (or a summation of two companies) and must produce audited financial statements of their company for the three years before their application.

– The company’s turnover must be at least SGD 500 million in the preceding 12 months and at least SGD 500 million per annum on average for the previous three years.

– The investor needs to be a member of the company’s management board.

• FOUNDERS OF FAST-GROWING COMPANIES: 

– The investor must be a founder and one of the company’s largest individual shareholders.

– The company must have a valuation of at least SGD 500 million.

• FAMILY OFFICE PRINCIPALS: 

– The investor must possess at least five years of entrepreneurial, investment, or management track record and net investible assets of at least SGD 200 million.

– This category of the applicant is restricted to the Family Office Option.

Citizenship

After two years of permanent residence in Singapore, it is possible to apply for citizenship. However, Singapore is strictly a single-citizenship country and each applicant must relinquish all existing citizenship before naturalization is possible. Also, all male Singapore citizens and permanent residents are obliged to participate in the country’s compulsory two-year National Service.

Benefits Of Singapore Residency By Investment Program

• The state has an attractive tax regime and conducive conditions for entrepreneurs.
• Together with the main investor, spouse, and children under the age of 21 years are eligible for Singapore citizenship.
• Being a citizen of Singapore, you will be able to buy real estate in the country.
• Parents of the investor are allowed to obtain a long-term visa to stay in Singapore.
• You can save your capital in reliable Singapore banks with high security and confidentiality.
• The state provides citizens with education grants and high-quality medical services

Singapore Residency by Investment Requirements and Qualifications

The requirements and qualifications required to obtain Singapore residency or citizenship are listed above in the “About Singapore Citizenship and Residency” section.

Singapore Citizenship Requirements and Qualifications

The requirements of the Antigua & Barbuda citizenship by investment program are quite simple, and they include the following:

Main Applicant Requirements

• Clean criminal record
• Substantial entrepreneurial experience (min 3 years); and must provide 3 years of audited financial statements
• Must be running a business with an annual turnover of at least SGD 200 million on average over the last 3 years
• Applicants can consolidate their business to meet the minimum turnover requirement
• If the company is privately owned, the applicant must have a shareholding of at least 30% of the company
• Must submit a detailed business or investment plan, including key milestones, to be realized within 3 years of the investment
• The business must be in an approved industry sector

Steps And Timeline

• STEP #1: Make the payment to the Economic Development Board’s bank account
• STEP #2: Downloading and Submitting the Application Form
• STEP #3: Sending hard copies of the Documents to Contact Singapore
• STEP #4: Waiting to attend an interview session.
• STEP #5: Issuance of an Approval-in-Principle (AIP) PR status
• STEP #6: Making the Investment
• STEP #7: Approval of PR status

The applicant must first pay the application fee to the Economic Development Board’s bank account. The application must be submitted one month after making the payment.  After making the payment towards the application fee, the applicant must download forms A, B, and C from the Contact Singapore website. The details to be filled in the forms include the applicant’s details, the investment plan, and the payment details made towards the application fee.

After uploading the forms send hard copies of the required documents to Contact Singapore. These documents include a declaration form for the application and investment plan, the payment transaction slip (proof of payment), and an undertaking on the terms and conditions of the GIP. After receipt of all documents, if the applicant is eligible for the PR he or she will be called to attend an interview session.

On approval of the application, the Immigration and Checkpoints Authority will issue an Approval-in-Principle (AIP) PR status that is valid for 6 months. On issuance of the AIP PR status, the applicant will have to invest the minimum amount of $2.5 million either through options A or B.

The ICA will check the documentary evidence for proof of the investment and issue the applicant’s final approval of the PR status.

Our Services

Privacy World offers its services to anyone, not only looking to obtain residency and citizenship processes but our experts figure out legal ways to:

• Find the best solution for your needs.
• Identify and deploy a strategy to help you accomplish your goals.
• Activate our network of people in the country where you need help without having you search for the best solution or lawyer. We only work with licensed people in every country whom we carefully vet and pass the guidelines and principles of privacy we stand for.
• Focus on cutting through the red tape and expediting your process.
• Provide proper communication with you about your case.
  …. and above all: Offer you legal strategies to provide additional layers of privacy for your identity, while obtaining your residency or citizenship!

Privacy World can also help you with incorporating your company in Singapore, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.

Want Privacy World to handle your case? Have any questions? Contact us!

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