Key Global Investor Programme (GIP) Updates
Posted on 15 Apr 2012
Please note the following key changes to the existing Global Investor Programme (GIP) criteria effective 15 April 2012:
- An investor may apply for the Singapore Permanent Residence (PR) status through GIP by investing at least S$2.5 million in a GIP fund that invests in Singapore-based companies.
- GIP applicants with companies in the real estate or construction-related industry must have an aggregated company turnover of at least S$200million for the last three years and at least S$200 million in the most recent year.
- GIP applicants with companies in other industries must have an aggregated company turnover of at least S$50 million for the last three years and at least S$50 million in the most recent year.
- GIP applicants with privately-owned companies should have at least 30% shareholding in the company.
Please visit http://www.contactsingapore.sg/GIP for more information.
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