Residency by Investment – Introduction
Singapore - Residency by Investment
Residency is a legal status offered to someone who is not an actual citizen of the country. This visa status gives the individual multiple benefits like the right to study, work, live and access healthcare in the nation. It is also commonly considered a way to achieve citizenship by naturalization, given the person resides in the country for a given period.
Because of its flexibility, many countries offer Residency by Investment program. It is a way for someone to get residency status in exchange for an investment made towards the economy of the country. The applications of people who opt for this mode are usually quickly processed.
Being able to reside in multiple countries is a personal and professional advantage that all high-net-worth individuals wait to grab hold of.
Such options are also called Golden Visa Programs, and a lot of countries within the European Union offer this right now. If you want to reside in another country as a resident and have the capacity to invest in the economy of the nation, then Residency by Investment may be the perfect way to achieve this.
Get in touch with VLinks Group to know how best to make use of the Residency by Investment opportunity.
Singapore
The Republic of Singapore is a Southeast Asian country known for its multicultural population and exceptional quality of living. For several years now, Singapore has maintained its AAA credit rating and has a highly developed economy. In recent times, the country is also gaining a lot of interest for having become a tax haven for offering tax exemptions on capital gains and foreign income.
Singapore’s Global Investment Program (GIP) is designed to attract high-net-worth individuals to become permanent residents of the country, getting a chance to become a citizen too.
Why opt for a Singaporean Residency?
- You get access to world-class infrastructure, healthcare, and lifestyle facilities.
- Singapore is one of the wealthiest countries in the world, with one out of six households having at least 1 million USD as disposable income.
- You get the right to study, work, travel, and do business in Singapore as a resident.
- A chance to become a Singaporean Citizen.
Investment Options
There are three ways you can invest in Singapore to be eligible for the GIP program.
- Invest a minimum of SGD 2.5 million in any GIP-approved government fund in Singapore.
- Invest a minimum of SGD 2.5 million in creating a new business or expansion of an existing business in Singapore.
- Invest a minimum of SGD 2.5 million in any new or existing family office based in Singapore. Do note that the office should have assets of at least SSGD 200 million.
Application process
- Contact VLinks Group and express your interest in receiving a residency by investment in Singapore.
- Submit the relevant documents and forms to the GIP authorities.
- Once your application is approved, you get issued an Approval-in-Principal status.
- Proceed with the investment of your choice.
- Get the final approval letter and formalize your PR status.
Processing time
It may take 9-12 months to process most applications.
Citizenship eligibility
You may apply for citizenship after 2 years of residing in the country with a PR status. However, do note that Singapore restricts dual citizenships. You may have to forgo your existing citizenship to become a citizen of Singapore.