With Singapore advancing its position as a well-connected and vibrant business hub, it is no surprise that properties in the country are becoming increasingly attractive to entrepreneurs—either as an investment tool or residential purposes. High net worth entrepreneurs or investors interested in buying the local properties and tapping into the business opportunities available can do so easily through the government’s Global Investor Programme (GIP).

GIP as an investment gateway
This scheme eases the entry and relocation of investors, to enable them to setup and develop their business in Singapore. GIP has attracted thousands of investors since its launch in 2007, and will continue to propel the renting and purchase of residential units.

For investors seeking permanent residence status under this scheme, they will qualify if they:

1. Invest at least S$1 million in a new business startup or expansion of an existing business operation.
    
2. Invest at least S$1.5 million in a new business startup, expansion of an existing operation, approved Singapore-incorporated venture capital fund, or Singapore-incorporated foundation or trust that focuses on economic development.
    
3. Invest at least S$2 million in a new business startup, expansion of an existing operation, approved Singapore-incorporated venture capital fund, or Singapore-incorporated foundation or trust that focuses on economic development. Residential property can be purchased with not more than 50% of the investment amount.

But do take note that to qualify for the GIP, foreign investors need to fulfill the following criteria:

1. A substantial business track record
2. An entrepreneurial background
3. A business proposal or investment plan

Once these requirements are met, foreigners interested to start a business or invest in Singapore may then apply for PR status for themselves, their spouse and unmarried children who are 21 years and below. Additionally, if they invest a minimum of S$2 million in an approved business or investment in Singapore, the residence property can contribute up to 50% of the total investment sum.