What conditions are needed to immigrate to Singapore and what options are available in 2023?

In order to avoid unknown risks, the rich in all countries are looking for "safe havens" all over the world. As a low-tax financial center and a "garden city", Singapore has naturally become the "heart of the rich".

So, what conditions do you need to immigrate to Singapore and what options are available in 2023?

There are many ways of immigration in Singapore. At present, the main ways of immigration are investment immigration, entrepreneurship immigration, skilled immigration, self-employed immigration and so on.

Singapore PIC self-employed immigrants

The business scope of a company with limited private liability registered in Singapore is financial investment and management company. The main business of the company is investment in financial products. The main income of the company is the income from investment. The main expenses and expenses of the company are staff salaries and office expenses. The company can enjoy the tax exemption policy for the first three years of the new company. Through the registration of Singapore PIC Company, as a shareholder/director, apply for a Singapore work permit for itself.

Application conditions

• Capital: from S $1 million
• Age: 30-50 is the best
• Education background: college or above (certified by Xuexin.com) experience:
• The best operation and management experience

Project advantages

• Low investment threshold: from S $1 million
• Short processing period: 3-4 months to get EP
• Freedom of investment products: invest in global financial products independently or entrust a third party
• Enjoy the three-year tax relief policy of the new company
• No language requirement, no immigration supervisor

Singapore Family Office Program

Family office refers to: the investor establishes a single family office in Singapore and applies for EP status in Singapore, which has never reached the plan of family immigration to Singapore, and is divided into three SKUs (13O/13U/13D).

The advantage of the family office project is that it is specially approved by the Monetary Authority of Singapore. It is tax-free and license-free. It is an ideal, reasonable and legal migration project that can be inherited by the family. However, the threshold for home office is not low. The application scale of the basic fund is more than S $20 million, which can realize asset allocation, asset management, wealth inheritance, asset migration, and obtain the senior work permit EP.

Project advantages

• Realize overseas asset allocation
• General management of family affairs
• Lifetime enjoyment of Singapore tax exemption scheme 130/13U
• Allocate two EP places to realize family migration

Singapore GIP Global Business Investor Program

The Global Business Investor Program (GIP) grants Singapore Permanent Resident (PR) to qualified global investors who intend to promote business and investment growth from Singapore. Applicants need to have a rich business record and a successful entrepreneurial background to qualify. Becoming a permanent resident is the only way to obtain a Singapore passport (except for being born by the parents of Singapore citizens). After being a permanent resident for at least 2 years, a person will be eligible to apply for citizenship, which is the only way to Singapore citizens.

Project advantages

• The fastest way to obtain permanent residents in Singapore
• One person can bring three generations of family members
• Opportunities to apply for quality public schools in Singapore
• Realize overseas asset allocation and security
• No estate tax for wealth management and family inheritance
• Establishing a business entity helps to promote businessinternationalization

Application conditions

• Applicants need to invest S $2.5 million to establish a business entity
• Global Commercial Investor Plan Fund with an investment of not less than S $2.5 million in Singapore enterprises
• Invest no less than S $2.5 million in a new or existing single family office established in Singapore, which must manage no less than S $200 million in assets
• The applicant needs to submit a financial accounting report for the past three years. The company's turnover in the last year is not less than S $200 million, and the average annual turnover in the past three years is at least S $200 million
• The applicant company must comply with one or more business fields in the projects designated by the government
• The applicant should have 30% equity
• Applicants should have rich business experience and successful entrepreneurial background

Singapore VCC structure

Variable Capital Companies "VCC" means "Variable Capital Companies". The Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) issued a statement announcing the launch of the "Variable Capital Companies" (VCC) framework to attract more funds to register in Singapore.

Project advantages

• No high threshold of S $20 million
• The opening time of the sub-fund's private bank has been significantly reduced
• There is no need for the Singapore Monetary Authority to queue up to apply for tax concessions, and the same 13O/13U tax exemption (licensed companies have applied)
• Multiple families share a licensed VCC fund structure
• Reliable investment products are flexible and optional
• VCC with strong confidentiality does not need to disclose the list of shareholders, and investors can maintain privacy

Investable content

Private equity fund, local estate fund, hedge fund risk, stock, bond, insurance, capital family office

Singapore Science and Technology License

According to the plan announced by the Singapore Economic Development Authority, Singapore will launch a new work permit for top technology experts and professionals who seek technology entrepreneurship in Singapore, serve as executives in large technology enterprises, and are willing to teach in Singapore next year, in order to attract these people to Singapore and help develop the local technology ecosystem with high potential.

Applicants do not have to be employed by any enterprise. They can be workers of the enterprise, entrepreneurs, investors, directors of the company, etc. As long as they meet two of the following three conditions, they can apply for local settlement, work or entrepreneurship in Singapore.

Application conditions

• Fixed monthly salary in the past year ≥ 20000 yuan
• He has served as a leader in a technology enterprise with a market value of at least US $500 million (about S $675 million) or a capital of at least US $30 million for at least five years
• He has led the research and development of scientific and technological products. The number of active users of this technology product is at least 100000, or the income is at least 100 million dollars.

Project advantages

• "Zero" investment, no investment and employee requirements, no language, no interview, no age requirement
• Convenient and fast: fast and permanent residence can be approved after 8 weeks of material submission
• The best treatment for permanent residence can be obtained after at least two years: spouse and children apply together

ONE Pass

Application conditions

• Salary standard

① The fixed monthly income in the past year must reach S $30000, or the same income will be earned after coming to the local area

② Overseas applicants must prove that they hold important positions in enterprises with a market value of more than US $500 million or an annual income of more than US $200 million

• Outstanding achievements in specific fields

① Individuals with outstanding achievements in art, sports, science and academic fields need not meet

② The salary standard can obtain the top professional certificate

Renewal requirements

1. In Singapore, the average monthly salary in the past five years is at least S $30000

2. Set up and operate a Singapore company with at least 5 local people, each with an income of at least S $5000 (linked to the EP minimum qualified wage)

Self-employed immigrants in Singapore

Singapore self-employed immigrants are applicants who set up a new company in Singapore, hold the position of shareholder or senior manager of a Singapore company, and apply for employment permit EP (Employment Pass) for themselves. After holding EP for 2 years, the applicant can apply to the Immigration Bureau for PR permanent resident immigration.

Project advantages

• Take Singapore EP, obtain the resident status of low tax area, and reasonably plan CRS information exchange
• The application threshold is low, the status can be obtained in 3-6 months at the earliest, and there is no immigration supervisor
• The corporate income tax rate is only 17% in the Asian financial center, which is an excellent springboard for business
• Low application difficulty and high approval success rate
• The company has independent equity control, zero risk and relatively stable

Application conditions

• Applicants need work experience or college degree or above
• The applicant is 25-55 years old
• The company has substantive business
• Hire local employees and pay provident fund in accordance with Singapore laws

Singapore art talent immigration

The Singapore Overseas Art Talent Program was launched by the National Arts Council and other institutions in 1991. It is mainly aimed at foreign art talents with outstanding achievements in various fields, including dance, music, stage play, literature and art, visual arts and other professional fields.

These talents can apply to become permanent residents of Singapore and enjoy various preferential benefits in the island countries to recognize their positive influence and contributions in their respective fields.

Project advantages

• Take Yongju in one step
• Flexible application conditions
• Simple procedure and high success rate
• The applicant does not need any capital investment
• One person applies and the whole family immigrates

Application conditions

• Has made outstanding achievements in art training, performance and other fields
• The applicant will make significant contributions to Singapore's local culture and art
• The applicant has specific plans to participate in Singapore's cultural and artistic fields in the future