PR Visa in Singapore

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PR Visa in Singapore

Permanent Residence in Singapore

The Singapore global investor program provides the investors with an endless hearthstone status in the country, having a substantial business track record and successful entrepreneurial background, who intend to drive their business and investment growth from Singapore. The minimal amount of investment required under this program is SGD.

Benefits of Getting a Permanent Residence Visa in Singapore

Dependents are also included
Partner or spouse
Children having their age under 21 years
Permanent residence handed to aspirant and his dependents including the right to live in Singapore, along with the work and study
Parents and children having age more than 21 years can gain a 5-time visit visa
Top star quality of healthcare and education system
Effective governance of duty
Must be eligible to apply for the citizenship of Singapore after holding an endless hearthstone card for a minimum period of 2 times

Different Options for Permanent Residence Investment

Option A You need to invest a minimum amount of SGD 2.5 million in a new business reality or in the expansion of an already settled business in an approved business sector.
Option B You need to invest a minimum of SGD 2.5 million in an approved fund that invests in all the grounded companies of Singapore.
Option C You need to invest a minimum of SGD 2.5 million in a Singapore based family office having means under the operation for of a minimum amount of SGD 200 million.

Conditions for a Singaporean Endless Occupancy

Must have a clean felonious record
Must have a substantial entrepreneurial experience for a minimum period of 3 times, and must provide 3 times of audited fiscal statements
Must be having a running business with periodic development of a minimum amount of SGD 200 million sire on the average for over to the last 3 times
Aspirants can consolidate their businesses to meet the minimal development demand
Still, the aspirant must be required a shareholding of a minimum of 30% of the company, if the company is intimately possessed
Must have submitted a detailed business or an investment plan, including the crucial mileposts, to be realized within 3 times of the investment
The business model must be in an approved assiduity sector

Application Process for Permanent Residence to Singapore

Payment of operation figure to the government of Singapore
Application forms and various supporting documents need to be submitted within 1 month of payment of the operation figure
Aspirants must attend interview with the Economic Development Board of Singapore, abbreviated as EDBS
Approval in Principle, abbreviated as AIP issued in around 2 to 4 months
Need to make an investment within a period of 6 months of AIP
Final approval being granted upon evidence of qualifying investment
Move to Singapore for completing an endless hearthstone formalities within a period of 12 months from final approval
Upon carrying a permanent resident, a re-entry permit is granted for 5 times to enable permanent residence to be maintained when living outside Singapore

Frequently Asked Questions

Ques 1. Is there any specific occupancy conditions after having an endless hearthstone?

Yes, if an endless occupant of Singapore leaves the country then they will be issued a 5 time re-entry permit to enable a permanent residence to be maintained when living outside Singapore. Upon expiring the REP may be renewed for a period of 3 to 5 times subject to the given conditions:

The number of workers being hired
The business expenditure
The quantum of time spent in Singapore

Ques 2. Does Singapore grant binary citizenship?

No, the citizens of Singapore do not get a binary citizenship. The citizens of Singapore must renounce all other citizenships.