Singapore Immigration
March 23rd, 2008Singapore realized the potential of coming up with a structured way of attracting foreing investors. Their Immigrant Investor program is an inter agency effort led by their Economic Development Department (unlike most of the other countries where the Immigration Dpt runs the show)
Because of that, they have done everything they can to facilitate the entry and residency of business people in Singapore. The delays are quite short and the amounts are reasonable (from approx US$ 700 000 to US$ 1,4 million) but with the possibility to invest in real estate.
Investment Options:
Under the scheme, you can choose either of the following investment options:
- Invest at least S$1 million in a new business startup or expansion of an existing business operation or
- Invest at least S$1.5 million in a new business startup, expansion of an existing operation, approved Singapore-incorporated venture capital fund or Singapore-incorporated foundation or trust that focuses on economic development or
- Invest at least S$2 million in a new business startup, expansion of an existing operation, approved Singapore-incorporated venture capital fund or Singapore-incorporated foundation or trust that focuses on economic development. Residential property can be purchased with not more than 50% of the investment amount.
Key criteria for the investor:
- Have a substantial business track record
- Have an entrepreneurial background
- Have a business proposal or investment plan
if you need more details please visit the official website