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Global Investor Programme (GIP) | Singapore



Global Investor Programme (GIP) | Singapore


The Singapore Economic Development Board (EDB) administers the Global Investor Programme (GIP), which is designed to attract successful entrepreneurs and business people to invest in Singapore and establish themselves there. Permanent Residency (PR) status is granted to qualified applicants through the GIP.


Here's a rundown of the GIP:


  • Eligibility: You'll need a proven track record in business and entrepreneurship, along with a significant amount of investible assets. There are two main investment options:

    • Option A: Invest at least S$10 million in a new business venture or the expansion of an existing one in an approved industry.

    • Option B: Invest S$25 million in a pre-approved GIP fund that focuses on Singapore-based companies.


  • Benefits:  Fast-tracked Singapore Permanent Residency (PR) status for you and your family. This can potentially lead to Singapore citizenship after two years of permanent residency.


Track Record in Business and Entrepreneurship, Investible Assets


That's exactly what the Singapore Global Investor Programme (GIP) is looking for in applicants. They want individuals with a strong history of success in business and entrepreneurship, along with the financial resources to invest in Singapore.


Here's a breakdown of the key requirements:


  • Proven Track Record: This can be demonstrated through a history of building and growing successful businesses. This could include experience as a founder, CEO, or senior executive, with achievements like increased revenue, market share growth, or successful exits (acquisitions or IPOs).

  • Significant Investible Assets: The GIP doesn't specify a concrete amount, but it's intended for individuals with substantial financial resources. This could include cash, stocks, bonds, and real estate (excluding a primary residence).


Tips for Highlighting Your Qualifications:


  • Quantify Your Achievements: When showcasing your business experience, use numbers to tell the story. Did you increase revenue by 200% in 5 years? Did you lead a company to a successful IPO?

  • Highlight Investment Potential:  Demonstrate a genuine interest in investing in Singapore. Research industries or sectors you find attractive and be prepared to discuss your investment plans.

  • Prepare Supporting Documentation: Gather documents that verify your business experience and financial assets. This might include financial statements, business registration documents, or news articles about your achievements.


Remember, a proven track record and significant investible assets are just part of the equation. The GIP also considers factors like your family ties to Singapore and your potential contribution to the economy.


Approved Industry


The Singapore EDB has a list of approved industries for the GIP program if you choose to invest in a new business venture or expand an existing one.


You can find this list on several resources including the Singapore Economic Development Board website. Here are some search terms to help you find the information:



Here are some of the commonly listed approved industries:


  • Aerospace Engineering

  • Alternative Energy/Clean Technology

  • Automotive

  • Chemicals

  • Consumer Business (e.g. flavors and fragrances, food ingredients, nutrition, home and personal care)

  • Infocomm Products & Services

  • Logistics & Supply Chain Management

  • Marine & Offshore Engineering

  • Medical Technology

  • Nanotechnology

  • Safety & Security


This list is not exhaustive, so be sure to consult the official EDB website for the most up-to-date and complete list of approved industries.


Sources



Pre-approved GIP fund


The Singapore Economic Development Board (EDB) publishes a list of pre-approved GIP funds that meet their criteria for the Global Investor Programme.


You can find the list "Global Investor Programme (GIP)-select funds" on the EDB website (https://www.edb.gov.sg/en/grants/global-investor-programme-select-funds.html).


This webpage will display a list of currently approved GIP-select funds. These funds are specifically chosen for their focus on investing in Singapore-based companies, making them suitable for Option B of the GIP program's investment options.


Application Process


The Singapore Economic Development Board (EDB) website offers a general overview of the GIP application process. Here's a step-by-step guide:


General Steps:



  • Gather Documents:  Prepare all necessary documents as per the EDB's instructions. These include:

    • Completed application forms (Forms A, B & C)

    • Business track record documentation

    • Proof of investible assets

    • Passport and identification documents

    • Family member information

    • Other supporting documents depending on your circumstances


  • Application Submission:  Submit your application package, including the completed forms, supporting documents, and the S$10,000 application fee to the EDB.


  • Interview:  If your initial application is considered, the EDB might invite you for an interview to discuss your investment plans and suitability for the program.


  • Approval-in-Principle (AIP):  If successful in the interview stage, you'll receive an AIP, which is a conditional approval for PR status.


  • Investment Fulfilment:  Within the validity period of the AIP (typically 6 months), you'll need to make the required investment under your chosen option (A or B).


  • Final PR Grant:  Upon successful completion of the investment and submission of proof, the EDB will recommend your application for final approval of Singapore Permanent Residency (PR) status.


By following these steps and utilizing the provided resources, you can navigate the GIP application process more effectively. 


For more information on the GIP, you can refer to the Singapore Economic Development Board website:



Here are some resources that might be helpful:



How Bestar can Help


Bestar can be a valuable asset when navigating the Global Investor Programme (GIP) application process in Singapore. Here are some ways we can help:


Expertise and Guidance:


  • Eligibility Assessment: We can analyze your background and finances to determine if you meet the eligibility criteria for the GIP program.

  • Investment Strategy:  We can advise you on choosing the most suitable investment option (Option A: new business venture/expansion or Option B: pre-approved GIP fund) based on your experience, risk tolerance, and investment goals.  We may also have connections to potential business partners if choosing Option A.

  • Application Preparation:  We can assist with completing the application forms (Forms A, B & C) accurately and efficiently. We'll also help gather and organize all the necessary supporting documents to strengthen your application.


Streamlining the Process:


  • Communication and Liaison:  We can communicate with the Singapore EDB on your behalf, ensuring timely submission of documents and addressing any inquiries from the authorities.

  • Interview Preparation:  We can help you prepare for the GIP interview by practicing potential questions and refining your responses to showcase your suitability for the program. We can also provide tips on presenting your investment plans effectively.


Additional Support:


  • Post-Approval Guidance:  We can guide you through the post-approval steps, such as fulfilling the investment requirements and obtaining final Permanent Residency (PR) status.


Overall, Bestar can save you time, effort, and potentially avoid costly mistakes during the GIP application process. Our expertise and personalized guidance can increase your chances of a successful application.









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