1. The advantage of Entrepass is that there is no requirement for academic qualifications and the registered capital is low. The disadvantage is that the innovation of the industry is very high, and it needs to be updated every year, and there are restrictions on investment or patents.
2. The advantage of the self-employment permit (EP) scheme is that it has a long validity period and is easier to update. The disadvantage is that there are requirements for academic qualifications, and there are rigid requirements for the number of employees to be hired.
3. The advantage of GIP is that there is no requirement for academic qualifications, and immigrants don't have to wait for time. The whole application period is 6-8 months, which can be completed in one step. The disadvantage is that it requires rich business experience and successful entrepreneurial background.
each of the three ways has its own characteristics. Today, Xiaobian introduces GIP (Global Investor Program) immigrants who are more suitable for successful entrepreneurs, especially those with large-scale industries in China.
I. Overview of GIP investment immigrants
Entrepreneurs who are interested in starting a business or investing in Singapore can apply for permanent residency (PR) in Singapore through the Global Business Investor Program (GIP). After many changes in Singapore's investment immigration policy, the Global Business Investor Program (GIP) is the only investment immigration method in Singapore. At present, most successful entrepreneurs in China who choose Singaporean immigrants have chosen this immigration scheme.
II. Investment Scheme of GIP Investment Immigrants
The current investment immigration mode in Singapore is GIP (Global Investor Program) immigration which was completely revised in 214. There are two options:
1. Invest at least 2.5 million Singapore dollars to establish a new business entity. Or expand the existing business operation
2. Invest at least S $2.5 million in a global business investor program fund
3. Eligibility for GIP investment immigration
To apply for permanent residence through the global business investor program, the applicant must have:
1. Rich business experience
2. Successful entrepreneurial background
4. Advantages of GIP investment immigration <
2. The application period is short, about 6-8 months, which is the fastest and most direct immigration method in Singapore at present;
3. In one step, GIP immigrants can bring their spouses and children (under 21 years old) as affiliated applicants to apply for permanent residency, and parents can apply for LTVP；;
4. The risk is low and the rate of return is high. The fund invested by S $2.5 million must be designated by the Singapore government, and the annualized rate of return is expected to reach 1%-2%, so the risk is low.
V. Estimation criteria for GIP investment immigration applications
1. Applicants must have at least three years of business experience and submit the audited financial reports of the company for the last three years.
2. The applicant's company must belong to one or more business fields in the prescribed industry list.
3. The company's turnover in the last year must reach at least S $5 million, and the average annual turnover in the last three years must reach at least S $5 million. The applicant can take the company with the highest turnover as the main company to declare the investment plan, or submit the relevant information of other companies you own to meet the minimum requirements of turnover.
4. If the applicant's company is privately owned, the applicant must hold at least 3% of the shares, and the scope of the applicant's responsibilities in the company and the profitability of the company will also be considered for approval.
VI. Scope of application for investment immigration
According to the newly adjusted policy in 214, The industries applying for investment immigration mainly include aviation industry, new energy industry, automobile engineering industry, chemical industry, consumer products industry, electronics industry, energy industry, engineering service industry, medical service industry, information and communication products and services, logistics and supply chain management, ocean affairs and offshore engineering industry, media and entertainment industry, medical technology industry, nanotechnology industry, natural resources industry, insurance and safety industry, aerospace industry, shipping industry, pharmaceutical and biological science industry and precision engineering industry. Note: the real estate and construction industries have been eliminated!