Migration To Singapore

Sunday 9 March 2014

The Singaporean government motivates the investors to settle in the country

Several immigration services are working in Singapore. These comprise of staff that has experience of government policies and is well aware of all the processes, procedures, filing and technical or legal aspects of documentation. Rationally, they follow the government policies because the higher authorities of the country are watching them. Moreover, the officials of government direct these companies regarding their work; therefore, the government always inform them about any new changes. These immigration consultancy companies always set some type of preventive measure to avoid any wrong doing or loss to their own country or their clients.
Singapore is not a very big country and it has thin population. Since, its freedom and separation Singapore has developed significantly, but there is still a long way to go or to achieve social, economical and educational goals. Consumption, production and investment are influenced by changes, population size and structure. Likewise, there is a strong association between kinship ties, community development and social networking. Policy makers, academia, businesses, and planners take advantage for their better understanding from emerging trends and demographic forces. Therefore, Singapore needs people who can develop the country and help to achieve all the goals quickly.

Steps and facilities for investors
The government of Singapore seeing the need and importance of foreign workers and investors has implemented effective policies and programs to attract more foreigners. Specifically, investors are highly encouraged to apply for PR. In this regard, the government has launched the GIP (Global Investor Programme).
Therefore, in the current article we assume that you are an investor and keen to invest or initiate a business in Singapore. However, through the Global Investor Programme you can easily apply for Singapore Permanent Residence. 

Options for Investment
From one of the following options, you can select your investment options:
A.    You will have to invest minimum $$2.5 million for the expansion of an existing business or starting a new business
B.    Or you will have to invest minimum S$2.5 million in Singapore based companies following the GIP 1 investment Programme

Eligibility criteria
If you have the following, you can be eligible for PR under GIP
    A reliable, unbeaten record of business
    A considerable record of business

For GIP Application evaluation criteria
A.    You will have to produce audited financial statement for the last three years of your company and you must have business and entrepreneurial track record of three years
B.    If you are doing the business of construction or real estate the turnover of the company should be minimum S$200 million per year during last three years
a.    If you are not in construction or real estate business that your turnover should be minimum S$50 million in the current and most latest year. Similarly, it should be S$50 million for the previous three years on average.
b.    You will have to submit the financial statement of your company and you will have to proof that you are able to meet the least criteria of turnover.
C.    Likewise, if you are in a private business, your shareholding must be 30% within the company. Your designation and importance in the company will be considered
We are sure the information that has been provided through our immigration consultancy services will be valuable for you. You may contact us for further clarification.

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