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Global Investor Program(GIP)

QUALIFYING CRITERIA FOR THE GLOBAL INVESTOR PROGRAMME (GIP)

As an investor who is interested in starting a business or investing in Singapore, you may apply for the Singapore Permanent Residence (PR) status through

the Global Investor Programme (GIP).  You are eligible to apply if you meet the following qualifying criteria:


Profile

Establishe

 Business Owners 

Next Generation

Business Owners

Founders of Fast

Growth Companies                    

Family Office

Principals 

To qualify

a)You must possess at least 3 years of entrepreneurial   and business track record;




b) You should currently be running a company  1  with an annual turnover of at least S$200million in the year immediately preceding your application, and at least S$200  million per annum on average for the three years immediately preceding your application;


c) If your company is privately- held2, you should have at least 30%  shareholding in the company; AND


d) Your company must be engaged in one or more of the industries listed in Annex B.

a)  Your immediate family should have at least 30% shareholding or is the largest shareholder in the company you useto qualify;


b)  This company’s annual turnover must be at least S$500 million in the year immediately preceding your  application,  andat least S$500 million per annum on     average for the three years immediately preceding your application;


c)  You must be part of the management team of the company (e.g. C-suite/Board of Directors); AND


d) Your company must be engaged in one or more of the industries listed in Annex B.

a) You must be a founder and one of  the largest  individual shareholders of a non-publicly listed company with a valuation of at least S$500 million;


b)  Your company must be invested into    by reputable Venture Capital/Private    Equity firms;AND





c) Your company must be engaged in one or more of the industries listed in Annex B.

a)You must possess at least 5 years of    entrepreneurial, investment or management track record; AND



b) You must have net investible assets of at least S$200 million.

(NB: Net Investible Assets include all 

financial assets, such as bank deposits, 

capital market products, collective 

investment schemes, premiums paid in 

respect of life insurance policies and 

other investment products, excluding 

real estate. Contact Singapore reserves 

the right to exercise judgement in determining the suitability of the applicant’s Net Investible Assets.)

#Investment OptionsOption A or B or COption C

#Investment Options

Option A:  Demonstrate an investment of minimally S$10 million in a new business entity or in the expansion of an existing business operation in Singapore.

Option B:  Invest S$25 million in a GIP-select fund3 that also invests in Singapore-based companies.

Option C:  Establish a Singapore-based Single-Family Office with Assets-Under-Management (AUM*) of at least S$200 million, where minimally S$50 million must be deployed in any of the 4 investment categories of: (i) equities, REITS or business trusts listed on Singapore-approved exchanges; (ii) qualifying debt securities listed on MAS’ enquiry system; (iii) funds distributed by Singapore-licensed/registered managers or financial institutions; and (iv) private equity investments in non-listed, Singapore-based operating companies.


 ASSESSMENT CRITERIA4  FOR INVESTMENT OPTIONS

Option ADemonstrate an investment of minimally S$10 million in a new business entity or in the expansion of an existing business operation in Singapore.

•    Applicants who apply for Option A must submit a detailed 5-year business or investment  plan  with  projected  employment,  expenditure  and  financial projections that will incur in the Option A company (as outlined in Form B of the  GIP  Application  Form,  available  at http://www.edb.gov.sg/gip).  The business plan will be assessed based on its feasibility, your role in growing the Option A company, the business activities and the creation of local jobs; and


•    You should have at least 30% shareholding in the Option A company and must be  part  of  the  management  team  of  the  company  (e.g.  C-suite/Board  of Directors); and


•    Your  Option A  company must be engaged in one of the industries listed in Annex B.

Option BInvest S$25 million in a GIP-select fund* that invests in Singapore-based companies.

•    Applicants  who  apply  for  Option  B  may  be  requested  to  share  any  other business plans for Singapore apart from the investment in a GIP-select fund.


•    Please  refer to http://www.edb.gov.sg/gipfor the  updated list of GIP-select funds.

Option CEstablish  a  Singapore-based  Single-Family  Office  with Assets-Under-Management (AUM) of at least S$200 million, where minimally S$50 million must be transferred into Singapore and deployed in any of the 4 investment categories listed below.

•    Applicants who apply for Option C must submit a detailed 5-year business plan with projected employment and annual financial projections (as outlined in Form B of the GIP Application Form, available athttp://www.edb.gov.sg/gip). The business plan will be assessed based on your role in your Single-Family Office, the functions of your family office, your proposed investment sectors, asset types, geographical focus and philanthropy interest.


•    Offshore assets can be qualified as part of the AUM requirement, provided at least  S$50  million  investible  AUM  has  been  transferred  into  and  held  in Singapore upon Approval-in-Principle of your PR status. At least S$50 million must be deployed in any of the below 4 investment categories no later than 12 months from the Final Approval of your PR status, and thereafter maintained throughout the validity of the Re-Entry Permit:


i.     Equities,   REITS   or   Business   Trusts   listed   on   Singapore-approved exchanges;

ii.    Qualifying debt securities listed on MAS’ enquiry system;

iii.   Funds   distributed    by   Singapore-licensed/registered   managers   or financial institutions; and

iv.   Private  equity  investments in non-listed, Singapore-based operating companies.