Singapore will raise the minimum investment needed to obtain permanent residency under its global investor programme, the Economic Development Board (
Singapore will raise the minimum investment needed to obtain permanent residency under its global investor programme, the Economic Development Board (EDB) announced on Thursday (March 2). The changes aim to attract “top-tier business owners” who can contribute significantly to the local economy.
Under the new rules, investors must now invest at least $10 million in a new or existing business or commit $25 million through a fund that invests in local companies. This is a significant increase from the previous requirement of $2.5 million. The updated criteria, which will take effect from March 15, are designed to strengthen the start-up ecosystem, support the financial sector, and generate jobs for Singaporeans.
In addition, individuals seeking permanent residency through the establishment of a family office will need to manage assets of at least $200 million, with at least $50 million invested locally in areas such as Singapore-listed companies or private equity in Singapore-based businesses.
The global investor programme, introduced in 2004, has seen about 60 qualified investors granted permanent residency each year between 2020 and 2022. The changes reflect Singapore’s strategy to attract individuals capable of making a more significant economic impact and fostering deeper ties with the country.
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