Singapore permanent resident standing is very sought after by business owners from all over the world since it enables them to establish a company in the country needing to apply for the suitable work moves or business visas every time they would like to travel from the nation. For high net worth entrepreneurs that have an outstanding business background and are owners of successful companies at the current, Singapore had established the Capital Investor PR Scheme. According to this scheme, if a foreign entrepreneur meets all eligibility criteria and is ready to generate a stipulated minimum investment in the country, they would directly get permanent resident status. This was quite a favorite strategy for established foreign business owners and some of the highlights of this plot are as follows.
- The overseas business owner must be ready to generate an investment of at least SGD $2.5 million in a new company startup or for expansion of an existing business in Singapore. They may also decide to invest the same amount in GIP accepted finance.
- The foreign entrepreneur would also require submitting a genuine and workable business plan for the operations in Singapore. This business plan should be made as prescribed by the concerned authorities in the country and it will be scrutinized thoroughly to assess its viability and growth potential in the country.
- Apart from investing in Singapore, the overseas business operator should have an existing business that had at least SGD $30 million in earnings in the latest year and at exactly the exact same time had SGD $30 million in earnings as average for each of the previous few decades.
- The Capital Investor to apply singapore pr strategy is usually meant for the best of the entrepreneurs from world over. Since they will be receiving direct permanent resident status, the government would assess the entrepreneur’s history, their shareholding in the present business, the profitability of the company and a good deal of other factors.
Just in case you do not have A company background but are a senior manager and need to apply for the Capital investor PR strategy, in that case you want to be currently holding a Senior position like a CEO, CTO, Chairman etc. and have 10 or more years of corporate management experience. At the same time, the company you are now working for should have a minimum annual turnover of SGD 100 dollar million for you to qualify for the capital investor PR scheme.