Eligibility Criteria and Schemes
The Accounting and Corporate Regulatory Authority (ACRA) is responsible for licensing the different kinds of business companies in Singapore, a few of which are mentioned below:
- Subsidiary Company:
The subsidiary company refers to a local private limited company with most of its shares accumulated by local or foreign company shareholders.
- Branch Office:
It is a legitimate and registered office of a parent company that sits in a foreign country with roots embedded in Singapore.
- Representative Office:
A temporary corporate setup that enables foreign companies to operate and explore the market options and efficacy or manage company affairs in Singapore without conducting any profitable business activity.It refers to an office that temporarily represents companies from foreign countries to carry out critical tasks on their behalf in Singapore and explore the market industry to help them make better choices for growth.
- Single-Family Office:
This office is responsible for managing and solving issues pertinent to the family’s investment, tax filing, management, and consolidation.
Likewise, to execute a long-term business plan in Singapore, an interested entrepreneur or an investor must acquire EntrePass or Global Investor Programme (GIP) through legal processing. For a struggling investor in Singapore, these passes are the gateway to a long and ripe era of entrepreneurship.
This can be done through the EntrePass
, or under the Global Investor Programme (GIP)
Global Investor Programme (GIP)
The GlP accords PR status to investors with a substantial business track record who intend to drive the growth of their investments from Singapore. To qualify for the GIP, the applicant must either
Only investors who have sufficient experience in the business industry are eligible to apply for the Global Investor Programme (GIP). For a candidate, one of the following criteria will suffice:
(a) Investment of S$2.5 million at the minimum, for the potential growth of a firm in Singapore or a brand-new startup.
(b) Investment of S$2.5 million, at the minimum, to add to the GIP funds for further investment in the companies of Singapore.
(c) Investment of at least S$2.5 million, along with the ownership of S$200 million (at least) Assets -Under-Management (AUM*), for potential growth or startup of a single-family office in Singapore.
With the help of our services and EDB, IASG clients can easily apply for Permanent Residency using the scheme of the Global Investor Programme (GIP). After a few EDB signups, the clients will be ready to take on the process.