In the past 10 years, about 450 people have obtained Singapore permanent resident status under the Global Investor Programme.
According to Lianhe Zaobao, the Global Investor Programme (GIP) grants permanent residency status to eligible global investors who intend to drive business and investment growth through Singapore.
This programme is divided into three options: Option One, applicants must invest at least S$10 million (RM30.767 million) (including paid-up capital) to establish a new business entity or invest in an existing business; Option Two, applicants must invest S$25 million (RM76.9176 million) in a GIP-selected fund; Option Three, applicants must set up a single family office in Singapore with at least S$200 million (RM615 million) in assets under management, of which at least S$50 million (RM153 million) must be transferred into Singapore and invested in Economic Development Board-selected investment projects.
Minister of State for Trade and Industry and Foreign Affairs, Ms. Low Yen Ling, revealed in Parliament on the 27th while responding to a query from Workers’ Party Aljunied GRC MP Mr. Muhamad Faisal that the proportion of applicants obtaining permanent residency through Options One, Two, and Three are approximately 50%, 40%, and 10% respectively.
She also revealed that from 2015 to 2025, about S$500 million (RM1.538 billion) has been directly invested in newly established or existing local enterprises. More than half of these investments are in professional services, information and communications, and financial services and related sub-sectors.
An additional S$30 million (RM92.3011 million) has been invested in Singapore local enterprises through GIP-selected funds.