Singapore has emerged as a leading global financial hub and popular destination for high net worth individuals looking to immigrate. Its business-friendly policies, low tax rates, high per capita income and excellent infrastructure make it attractive. This article provides an overview of the main Singapore investment visa options like the Employment Pass, EntrePass, Personalised Employment Pass (PEP), S Pass and Global Investor Programme. It outlines the eligibility criteria, privileges, application process and pros and cons of each. With significant investment thresholds ranging from S$1.5 million to S$2.5 million, these visas offer a pathway to permanent residency and citizenship. We also examine frequently asked questions on relocating family, dual citizenship, property purchase rights, taxation and more.
Employment Pass Allows Skilled Foreign Professionals to Work and Live in Singapore
The Employment Pass (EP) is one of the most popular pathways for foreign professionals to relocate to Singapore. To qualify, main applicants must have a last drawn fixed monthly salary of at least S$4,500. Renewals may require higher salaries depending on work experience. Applicants should possess recognized qualifications, specialized skills and relevant experience. The EP has no quota restrictions and allows dependents. It is tied to a specific employer and is valid for up to 2 years. Renewals are allowed up to 3 years at a time if the applicant remains with the same firm.
EntrePass for Business Owners Wanting to Immigrate and Set Up Operations
The EntrePass enables foreign entrepreneurs to obtain residence rights by registering and operating a private company in Singapore. To qualify, the applicant must own at least 30% shares in the firm, which should have paid-up capital of at least S$50,000. The business must also hire at least one Singapore citizen or permanent resident on a full-time basis. Approved applicants can bring dependents after renewing their EntrePass at least once. The visa allows holders to remain in Singapore for up to 1 year at a time and is renewable.
Personalised Employment Pass Offers Flexibility for High Earners to Switch Jobs
The Personalised Employment Pass (PEP) offers added flexibility to high earning existing Employment Pass holders as well as overseas professionals earning at least S$18,000 per month. PEP holders can remain in Singapore for up to 6 months between jobs. The visa is not tied to any one employer and allows holders to switch jobs easily. PEP is granted for 3 years and renewable. Dependents such as spouse, children and parents may be brought to Singapore under this visa.
S Pass for Mid-Level Skilled Staff and Technicians with Minimum Salaries
The S Pass enables mid-level skilled staff and technicians to work in Singapore. To qualify, applicants need to secure an employment offer with a firm that will pay a fixed monthly salary of at least S$2,500. The quota allowance for S Pass holders is 15% of the company’s total workforce. Approved applicants can work for up to 2 years in Singapore, with option for 3-year renewals. S Pass holders earning at least S$5,000 per month can sponsor their spouse or children’s Dependents Pass.
Global Investor Programme for Ultra High Net Worth Individuals and Families
The Global Investor Programme (GIP) Scheme is tailored for ultra-high net worth individuals and families. Applicants can gain fast-track permanent residency within 6 months by either investing at least S$2.5 million in a new business entity or an approved GIP fund. Applicants should have a substantial business track record and successful entrepreneurial background. Those who sustain their investment for 2-3 years may apply for citizenship for themselves and immediate family members if they take up permanent residence.
In summary, Singapore offers a range of investment visa options catering to professionals, entrepreneurs, skilled workers and ultra high net worth individuals looking to relocate for work or business. Each visa type has specific eligibility criteria related to salary, investment funds, qualifications, experience and hiring local talent. While providing a steady route to permanent residence and citizenship, these visas also come with certain conditions related to national service, property ownership and taxes that applicants should evaluate.