Global Investor Programme - Option C Single-Family Office

As an investor who is interested in starting a business or investing in Singapore, you may apply for Singapore Permanent Residence (PR) through the Global Investor Programme (GIP).

Option C Establish a Singapore-based Single Family Office with Assets Under Management (AUM) of at least S$200 million, where minimally S$50 million must be transferred into Singapore and deployed in EDB specified investments listed below.

1) Original signed Investment Undertaking to undertake that your SFO will manage at least S$200 million in assets and deploy at least S$50 million in EDB specified investments;

You are required to pay an application fee of S$20,000 before submitting the application forms. This fee is non-refundable regardless of application outcome.

At least S$50 million must be deployed in EDB specified investments below no later than 12 months from the Final Approval of your PR, and thereafter maintained throughout the validity of the Re-Entry Permit:

Your REP will be renewed if you meet the following conditions by the 5th year of your PR. For a 5-year renewal

i. You must have fulfilled the investment conditions under Option C of the GIP; AND

ii. The Single Family Office in Singapore that you establish must employ at least 5 incremental Family Office professionals 10 (with at least 3 Singapore Citizens) and maintain the S$50 million deployed in EDB specified investments11 AND

iii. You or all your dependants, who obtained PR under your GIP application, must have resided in Singapore for more than half of the time.

For a 3-year renewal

You must have fulfilled the investment conditions under Option C of the GIP; AND

(A) The Single Family Office in Singapore that you establish must employ at least 5 incremental Family Office professionals (with at least 3 Singapore Citizens) and maintain the S$50 million deployed in EDB specified investments OR (B) You or all your dependants, who obtained PR under your GIP application, must have resided in Singapore for more than half of the time.

Option C applicants are expected to submit documentary proof of maintaining their deployment of S$50 million in EDB specified investments. Failure to do so may affect their REP renewal.

Your spouse and unmarried children below the age of 21 as at the date of application submission are eligible to be included as dependants under your GIP application.

Male children who obtain PR by virtue of being your dependant will be liable for National Service. Male dependants whose spouse is the main applicant may be liable to serve National Service.

Your parents and unmarried children above the age of 21 years as at the date of application submission are not eligible to be included as dependants under your GIP application. Instead, they can apply for a Long Term Visit Pass, which is tied to the validity of your Re-Entry Permit.

3. If Applicant meets the assessment criteria, the Immigration & Checkpoints Authority (ICA) will issue an Approval-in-Principle (AIP) to the Applicant which is valid for 6 months

6. Once investment documents are verified by EDB, ICA will issue the Final Approval letter

7. Applicant must formalise his/her Permanent Residence in Singapore within 12 months from the date of the Final Approval letter

Note: It will take approximately 12 months for a GIP Application to be processed.

Upon the formalisation of your PR, you will be issued a Re-Entry Permit (REP) that is valid for 5 years. The REP is a permit that allows you to maintain PR status when you are out of Singapore. This REP will be renewed if you meet the Renewal Criteria for Singapore Permanent Residence by the 5th year of your PR.

Prior to the expiry of your REP, you are responsible for the submission of your REP Renewal application via ICA's Electronic Re-Entry Permit System (https://eservices.ica.gov.sg/esvclandingpage/erep). The window to apply opens 3 months before the expiry of your REP. Please note that the REP will lapse if you apply for renewal after the validity period. Without a valid REP, you will lose your PR once you leave Singapore.