{"id":44388,"date":"2020-02-20T10:30:24","date_gmt":"2020-02-20T02:30:24","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/?p=44388"},"modified":"2020-02-20T10:30:24","modified_gmt":"2020-02-20T02:30:24","slug":"singapore-allows-more-investors-to-qualify-for-fast-track-pr-scheme","status":"publish","type":"post","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/human-resources\/singapore-allows-more-investors-to-qualify-for-fast-track-pr-scheme\/","title":{"rendered":"Singapore Allows More Investors to Qualify for Fast-track PR Scheme"},"content":{"rendered":"<h2>Singapore Allows More Investors to Qualify for Fast-track PR Scheme &#8211; Global Investor Programme&nbsp;<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-44425 alignright\" title=\"Singapore Allows More Investors to Qualify for Fast-track PR Scheme\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2020\/02\/photo-singapore-allows-more-investors-to-qualify-for-fast-track-pr-scheme-400x300-1.jpg\" alt=\"Singapore Allows More Investors to Qualify for Fast-track PR Scheme\" width=\"400\" height=\"300\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2020\/02\/photo-singapore-allows-more-investors-to-qualify-for-fast-track-pr-scheme-400x300-1.jpg 400w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2020\/02\/photo-singapore-allows-more-investors-to-qualify-for-fast-track-pr-scheme-400x300-1-300x225.jpg 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/p>\n<p>Singapore is set to add three more categories of eligible candidates for its Global Investor Programme which allows successful applicants to obtain <a title=\"Singapore Permanent Residence (Singapore PR Application)\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/services\/immigration\/singapore-permanent-residence\/\">permanent residency in Singapore<\/a> under certain conditions.<\/p>\n<p>&nbsp;<\/p>\n<h3>Eligible Candidates for Fast-track PR Scheme<\/h3>\n<p>Introduced in 2004, the Global Investor Programme is managed by <a title=\"Singapore Economic Development Board (EDB)\" href=\"https:\/\/www.edb.gov.sg\/\" target=\"_blank\" rel=\"noopener noreferrer\">Singapore Economic Development Board (EDB)<\/a> and will have four categories of eligible candidates from March 2020 onwards:<\/p>\n<ol>\n<li><strong>Established Business Owners<\/strong><br \/>\nTo qualify as an established business owner, a candidate must be able to prove an <a title=\"Entrepreneurship\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/resources\/entrepreneurship\/\">entrepreneurial<\/a> or business track record of at least 3 years. Candidates must be one of the largest individual shareholders if their company is publicly listed, or at least own 30% if it is a private company. A new requirement will also be added for candidates to qualify under this category:<\/p>\n<ul>\n<li>Companies must have an annual turnover of at least S$200 million in the year before.<\/li>\n<li>Companies must have had an average of S$200 million a year for the past three years.<\/li>\n<\/ul>\n<p>&nbsp;<br \/>\nThe previous turnover threshold to qualify for this category was S$50 million.<\/li>\n<li><strong>Next-generation Business Owners (New)<\/strong><br \/>\nCandidates for this category must be able to prove the following:<\/p>\n<ul>\n<li>They are part of the management team such as on the board of directors or C-suite.<\/li>\n<li>Their company has an annual turnover of at least S$500 million in the year before.<\/li>\n<li>Their company has had an average of S$500 million a year for the past three years.<\/li>\n<li>Their immediate family is the largest shareholder if their company is publicly listed, or at least own 30% if it is a private company.<\/li>\n<\/ul>\n<p>&nbsp;<br \/>\nCompanies qualifying for these conditions will likely be unicorns or potential unicorns.<\/li>\n<li><strong>Founders of Fast-growing Companies (New)<\/strong><br \/>\nTo qualify as a candidate under this category, the candidate must show that:<\/p>\n<ul>\n<li>They are a founder and one of the largest individual shareholders in their company. Their company is valued at S$500 million or more.<\/li>\n<li>Their company has \u201creputable venture capital\/private equity firms\u201d as investors.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Family Office Principals (New)<\/strong><br \/>\nUnder this category, the requirements for a candidate are:<\/p>\n<ul>\n<li>They have an entrepreneurial investment or management track record of at least five years.<\/li>\n<li>They have net investible assets of at least S$200 million (examples include bank deposits, and life insurance premiums).<\/li>\n<li>Their company must employ 10 or more people, including at least 5 <a title=\"Singapore Citizenship\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/services\/immigration\/singapore-citizenship\/\">Singaporeans<\/a>.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<h3>Conclusion<\/h3>\n<p>Singapore continues to remain attractive for businesses due to its strategic location and economic stability. Opportunities for investors also represent <a title=\"Business Opportunities in Singapore\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/resources\/guide-to-setup-singapore-business\/business-opportunities-in-singapore\/\">opportunities for Singapore<\/a> and the government is keen to maintain its business-friendly environment while adjusting to global economic conditions.<\/p>\n<p>Being able to attract successful businesses from around the world and having top talent in Singapore is a great way for the country to remain competitive and reach even greater heights.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore Allows More Investors to Qualify for Fast-track PR Scheme &#8211; Global Investor Programme&nbsp; Singapore is set to add three more categories of eligible candidates for its Global Investor Programme which allows successful applicants to obtain permanent residency in Singapore under certain conditions. &nbsp; Eligible Candidates for Fast-track PR Scheme Introduced in 2004, the Global&hellip;<\/p>\n","protected":false},"author":57,"featured_media":44425,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11732],"tags":[],"class_list":["post-44388","post","type-post","status-publish","format-standard","has-post-thumbnail","category-human-resources","category-11732","description-off"],"_links":{"self":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts\/44388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/comments?post=44388"}],"version-history":[{"count":0,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts\/44388\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media\/44425"}],"wp:attachment":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media?parent=44388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/categories?post=44388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/tags?post=44388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}