The Global Investor Program (GIP) has long been the“through train”to Singapore Permanent Resident (PR)status for high net worth individuals.
Recently,Mr.C,theCEO ofa well-known Internet company, and his familyobtainedPR approval-in-principlethrough theGIP, enabling the family to move to Singapore for three generations and integrate into the life of the Lion City in a holistic manner.
1、Family background: InternetCEO,science and wealth double-drive
Mr.Cis the founder andCEOof a well-known Internet company in Southeast Asia. in recent years, the company’s business has been expanding rapidly, and it has far-reaching strategic considerations for the construction of a Southeast Asian science and technology base.
Singapore was chosen because of its excellent financial environment, stable policies, quality education system and global network of resources, whichprovide an ideal breeding groundforMr.C’s family – especially for the next generation’s education and family legacy.
According to the report,GIPattracts many business owners who aspire to expand their regional business and set up headquarters centers, especially those with innovative and job-creating talents (including software engineers, researchers, etc.).
Mr.C‘s company has expanded its R&D team in the Lion City and is planning to set up its Asia Pacific headquarters and headquarter operations center, which is in line withthe key points ofthe GIPpolicy.
Photo/Sourced from United Morning Post
2、GIP application strategy: zero residency requirement+free allocation of assets
① Satisfy the investment amount, efficient and high bidding channel
Mr.C’s family choseGIPOption 1: Newly established company in Singapore with an investment of more thanS$10million, which meets the maximum threshold requirement.2023GIPNew Deal raises the threshold to accurately screen out investors who are truly committed to the long-term development of Singapore.
②Zero residency requirement, three generations of family members are approved simultaneously.
Under theGIPrules,Mr.C, his spouse and children can apply forPRtogether, and can obtain approval in principle without the need for actual residence time. This system greatly reduces the obstacles to family relocation and identity layout, allowing the family to depart with peace of mind and more flexible life planning.
③Assets are allocated globally, enjoying freedom and returns.
Under theGIPpolicy, family assets can be allocated globally through private equity funds, securities, cash-based investments, etc., and are eligible for job creation. This allowsMr.C’s family to retain the advantages of Southeast Asia’s Internet layout, as well as enjoy financial freedom and institutional dividends in Singapore.
3. Results and future: Seizing the bridgehead for science and innovation Expanding top-level resources
①PR Principle Approval for Identity Leapfrogging
Recently, ICA Singapore indicated that it hasissueda PR approval-in-principle lettertoMr.C’s family, formally confirmingtheir PRstatus. They are about to enter the formal settlement process, and will arrange for their children’s school enrollment, medical protection, family wealth inheritance planning and other matters.
Picture/Customer Success Stories, Pirated Picture must be punished!
②Further enhancement of science and innovation strength
Through the establishment of the Asia-Pacific headquarters and R&D center,Mr.Cexpects to recruit dozens to hundreds of local R&D and management positions in Singapore.
This is in line with the data pointed out by the United Daily News showing thatGIPinvestors have created more than24,700 jobsin local industriesand boosted the innovation ecosystem.
③Toward the “Lion City Top Resource Circle”
ThePRstatus means thatMr.Cand his family will have easier access to local policy resources, excellent talent networks and industrial cooperation platforms. Through this, they will be able to carry out more in-depth entrepreneurial projects and lay the institutional support for future expansion in mainland China and Southeast Asia.
Are you, too, ready to dialog about the future of the Lion City?
Mr.C’s familyhas successfully entered the Singapore Permanent Resident circlethroughGIP‘s zero residency threshold and the advantages of global asset allocation, truly realizingthe identity leap and long-term development of the“InternetCEOfamily”.
They have proved thatGIPis not only a piece of paper for permanent residence, but also a top-level opportunity for three generations of family members to integrate into the Lion City and seize the opportunities of science, technology and wealth.
If you also want to be the nextPRsuccessor, establish a three-generation common identity and free allocation of global assets, thenthere is only one conversation missingwithGIPExpress. Why don’t you contact us for “SingaporeGIPPolicy Express” and start your own chapter in the Lion City?
Note: References from SingaporeEDB,ICA,MOM, United Morning Post, synthesized public news reports collated, reproduced with attribution, infringement and deletion contact.
