FAQs On Investing In Singapore’s Global Investor Programme
Foreigners are welcome to invest in Singapore via the Global Investor Programme or the GIP, made possible through the Ministry of Manpower (MOM) and the Singapore Economic Development Board. For those who are thinking of investing, the following are some Frequently Asked Questions that might be of help.
Q: What options do I have for investment in Singapore?
A: You have two: Option A and Option B. Option A is to spend a minimum of S$2.5 million in a new business in Singapore, or in the expansion of an existing one. Option B is to invest in a GIP fund that will, in turn, invest in Singapore-based companies.
Q: Which sectors can I invest in for Option A?
A: There are diverse sectors to choose from: aerospace engineering, alternative energy, automotive, chemicals, consumer business, education, electronics, energy, environment and water technology, engineering services, healthcare, Infocomm products and services, logistics and supply chain management, marine and offshore engineering, media and entertainment, medical technology, nanotechnology, natural resources, safety and security, space, pharmaceuticals and biotechnology, precision engineering, professional services, lifestyle products and services, and family office.
Under lifestyle services, you have the option to put up or invest in the expansion of visual arts (such as art storage facilities, museums, art galleries, auction houses, and art logistics); performing arts (such as theater houses and production houses); and sports (such as headquarters of sports companies and sports academies).
Q: What are the payments that I need to make for my application?
A: Applying under the GIP entails a non-refundable application fee of S$5,650.
Where do I field all my applications and concerns?
For all matters regarding the GIP, Contact Singapore is the entity to call. Contact Singapore is the official body that oversees applications of potential investors and is a joint effort of the National Economic Board of Singapore and the Ministry of Manpower.