The Global Investor Programme (GIP) has always been a “fast track” for high net worth individuals to obtain Singapore permanent resident status (PR).
Recently, Mr. C, CEO of a well-known Internet company, and his family obtained PR approval through the GIP, enabling three generations of his family to move to Singapore and fully integrate into life in the Lion City.
1. Family Background: Internet CEO, Driven by Innovation and Wealth
Mr. C is the founder and CEO of a well-known internet company in Southeast Asia. In recent years, the company’s business has expanded rapidly, with a strategic focus on building a science and technology hub in Southeast Asia.
Singapore was chosen for its superior financial environment, stable policies, high-quality education system, and global resource network, providing an ideal environment for Mr. C’s family to thrive—particularly significant for the education of the next generation and family heritage.
According to reports, the GIP has attracted many business owners aiming to expand their regional operations and establish headquarters centers, particularly those with innovative capabilities and the ability to create job opportunities (including software engineers, researchers, etc.).
Mr. C’s company has already expanded its R&D team in Singapore and plans to establish an Asia-Pacific headquarters and headquarters operations center, aligning with the key points of the GIP policy.
Image source: Lianhe Zaobao
2. GIP Application Strategy: Zero Residency Requirement + Flexible Asset Allocation
① Meet the investment threshold for an efficient and high-standard pathway
Mr. C’s family opted for GIP Scheme 1: establishing a new company in Singapore and investing over S$10 million, meeting the highest threshold requirement. In 2023, the GIP policy raised the threshold to precisely screen out investors genuinely committed to Singapore’s long-term development.
② Zero residency requirement, with the entire family approved simultaneously
Under GIP rules, Mr. C, his spouse, and children can apply for Permanent Resident (PR) status together without needing to meet actual residency requirements to obtain principle approval. This system significantly reduces barriers to family relocation and identity planning, allowing the entire family to relocate with peace of mind and enjoy greater flexibility in their lifestyle planning.
③ Global asset allocation, enjoying freedom and returns
Under the GIP policy, family assets can be globally allocated through private equity funds, securities, cash investments, etc., provided they meet the job creation criteria. This allows Mr. C’s family to retain their Southeast Asian internet layout advantages while enjoying financial freedom and institutional benefits in Singapore.
3. Results and Future: Securing a Foothold in Innovation and Technology, Expanding Top-Tier Resources
① PR Principle Approval, Achieving Identity Transition
Recently, the Singapore Immigration and Checkpoints Authority (ICA) announced that it has issued a PR principle approval letter to Mr. C’s family, formally confirming their PR status. They are about to enter the formal settlement process and will arrange matters such as children’s education, medical insurance, and family wealth succession planning.
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② Further Enhancement of Innovation and Technology Capabilities
By establishing an Asia-Pacific headquarters and R&D center, Mr. C’s company plans to hire dozens to hundreds of local R&D and management positions in Singapore.
This aligns with data cited by the Lianhe Zaobao: GIP investors have created over 24,700 job opportunities for the local industry, driving the innovation ecosystem.
③ Access to Singapore’s Elite Resource Network
PR status means Mr. C’s family will have easier access to local policy resources, talent networks, and industry collaboration platforms. This will enable them to pursue more in-depth entrepreneurial projects and lay the institutional foundation for future expansion into mainland China and Southeast Asia.
Are you ready to engage with Singapore’s future?
Mr. C’s family successfully entered the Singapore permanent resident circle through the GIP’s zero residency requirement and global asset allocation advantages, truly achieving the identity leap and long-term development of an “internet CEO family.”
They have proven through action: The GIP is not just a permanent residency document; it is a top-tier opportunity for three generations of a family to integrate into Singapore and seize the initiative in science and technology innovation and wealth creation.
If you also aspire to become the next PR success story, establish a shared identity across three generations, and achieve global asset freedom, then you are just one conversation away from the GIP express lane. Feel free to contact us to learn more about the “Singapore GIP Policy Update” and begin your own Singaporean chapter.