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ZuluSingapore Residency
General Benefits of Becoming Singapore Permanent Resident
- Clean and safe with best quality of living in the world
- Ability to work and study anywhere in Singapore
- Freedom to enter and exit Singapore
- High career opportunities
- Gain business advantages with no foreign exchange controls and no income obtained from capital gains of stocks, dividends or inheritance. Personal or Corporate tax is also lower compared to other countries
- Enjoy for Lower Medical Fee and Subsidized Education fee at government institutions
- Eligible to sponsor family members for Permanent Resident status
- Eligible to purchase a resale public housing and development board (HDB) leaseholds at affordable prices
- Eligible to apply for Singapore Citizenship after being Singapore Permanent Resident for at least 2 years
General Benefits of Becoming a Singapore Citizen
- Eligible to fully utilize all the reliefs given by Singapore government
- Gain benefit of visa-free access to most of the countries in the world
- Eligible for even lower medical fee and education fee compared to permanent residents
- Eligible to purchase a new public housing and development board (HDB) or BTO flat
- Eligible to sponsor your spouse and unmarried children below 21 years old for citizenship
Singapore Residency Schemes
Permanent Residence / Citizenship Application
Investor Scheme
The program is designed for overseas investors to invest in any Singapore-based companies and other recommended instruments based on the chosen principal amount. Investors will invest into the Company according to their risk appetite and their preferred industries. Global Immigration will work with accountants and business advisors to provide options and recommendations to the investor.
General Benefits
Invest in a mature company
Received monthly salary and enjoy some dividends from the company
Minimal risk from the invested company.
The principal is guaranteed a minimum of 2 years holding period.
Enjoy getting Singapore Permanent Residence while doing investment in Singapore
- Invest in a mature company.
- Received monthly salary and enjoy some dividends from the company.
- Minimal risk from the invested company.
- Principal is guaranteed with minimum 2 years holding period.
- Enjoy getting Singapore Permanent Residence while doing investment in Singapore.
Eligibility candidates are :
- Age under 55 years
- Meet education qualifications
- Invest in different principal schemes
Invest in a mature company
Enjoy dividends from the company
no risk and loss
minimum 2 years holding period, principal guarantee
Acquire Singapore Citizenship
No Service Fees
Requirements
Invest in a mature company
Enjoy dividends from the company
no risk and loss
Entrepreneur Scheme
The program is designed for overseas entrepreneurs or business owners to establish or set up a new company or their own in Singapore. As a director and shareholders, they can participate in the management and operation of the company.
General Benefits
- Full Control of the company
-
Eligibility for pass renewal as there are no specific requirements for the turnover and profit of the Singapore company, as long as the company operates as per normal trading with at least have 3 contracts from real trading. Company should not be an investment holding company.
- Enjoy getting Singapore Permanent Residence while doing business in Singapore.
Eligibility candidates are :
- Have salary at least S$5,000 or more depending on age, position details and industry sectors.
- Meet education qualifications.
-
Have business that excludes : coffee shops, Hawker centres, food courts, bars, night clubs, karaoke lounges, foot reflexology, massage parlours, acupuncture, traditional Chinese medicine, herbal dispensing business, employment agency and geomancy business.
General Application Process
1. Setup your Company
1-3 Weeks
2. Applying for Singapore Employement Pass(EP)
1 Month
3. Applying for Singapore Permanent Resident
6 Month
4. Applying for Singapore Citizenship
6 Month
1. Setup your Company
2. Applying for Singapore Employement Pass(EP)
3. Applying for Singapore Permanent Resident
4. Applying for Singapore Citizenship
Setup your Company
Applying for Singapore Employment Pass(EP)
Applying for Singapore Permanent Resident
Applying for Singapore Citizenship
Full Control of The Company
Enjoy Getting Singapore Permission
Residence While Doing Business
Professional Skilled Migration Scheme
This program is the least complex and most popular scheme among professionals compared to others.
However, this scheme is designed ONLY for holders of S Pass, Employment Pass, Personalized Employment Pass, and Entre Pass. It means the applicant must have worked in Singapore before applying for SPR.
The latest addition is the Overseas Networks and Expertise (One) Pass for top talent across all sectors to start, operate and work for multiple companies at once. The application for One Pass begins on 1 Jan 2023. The ONE Pass is for foreign nationals who is at overseas or in Singapore at the time of applying for the pass.
Some Contributing Factors of a Successful PR Application :
- Current Citizenship
- Preferable age under 50 years
- Has worked in Singapore for at least 6 months
- Average monthly salary (earning) upon the date of PR application
- Have Kinship & Family Ties in Singapore
- Family Application (applicant and Spouse with(out) Children)
- Certified Qualifications from reputable Institutions
- Duration of Stay in Singapore
- Others
Contributing factors are not Definite factors for applicants to get SPR approval. As Singapore is not using a point-based system so
the approval is completely up to the discretion of ICA (Immigration and Checkpoints Authority) Singapore.
Family Office
The program is designed for overseas high-net-worth individuals (HNWI) to establish Family Office in Singapore to ensure their wealth is protected against all threats and multiplied for their descendants to use.
The family is like branches on a tree. We grow in different directions yet our roots remain as one.
- How do you ensure the wealth that you accumulated in this lifetime is sufficient for your generations?
- How do you ensure the wealth is protected against all threats and multiplied for your descendants to use?
As your family wealth increases and your family tree gets more complex, you need to have employees dedicated to helping the family to manage its financial affairs. This is when you need to establish a Family Office and here is the reason for it :
- Managing and maintaining family assets
- Investing family’s wealth to receive recurring income
- Transfer of wealth to the next generation
- Providing the next generation with the necessary education and experience in handling finance
- Family governance
Singapore, being the financial hub of Asia, is gaining traction from the high net worth individuals or families to establish a Single Family Office (SFO).
At Global Immigration, we will assist you to start your Family Office in Singapore.
We will focus on these three areas.
- Apply for a Fund Management Company license for your Family Office to operate, if necessary
- Apply to use a concessionary tax rate of 10%, instead of 17% on the management fee charged by the Family Office
- Apply for tax exemption scheme under Section 130 and Section 13U to exempt the returns from designated investment from being tax
Apply for a Fund Management Company license for your Family Office to operate, if necessary.
Fund Management Company in Singapore requires a license to operate unless the Company is classified under the exemption from licensing under the Financial Adviser Regulation. We will help to apply for a Capital Markets Services (CMS) license and prepare the risk documentation in accordance with the risk management framework. We will also submit other required documents such as:
- Signed declaration by directors
- Business profile as per the Accounting and Corporate Regulatory Authority’s record
- Complete group shareholding chart
- Organizational chart with reporting lines
- Financial statements
- Other supplementary information deemed necessary
Apply to use a concessionary tax rate of 10% on the management fee charged by the Family Office
Currently, management fees charged by the Family Office are taxed at the prevailing corporate tax rate of 17%. In order to minimize the tax exposure, we will assist to apply for a concessionary tax rate under the FSI-FM scheme. Under the FSI-FM scheme, fee income derived by a Singapore fund manager from managing or advising a qualifying fund is taxed at a concessionary tax rate of 10% instead of the general corporate income tax rate of 17%, subject to certain conditions and MAS approval of the FSI-FM award. We will assist to apply for the concessionary tax rate.
Apply for tax exemption scheme under Section 130 and Section 13U
In order to ensure that your funds get maximum returns from the investments, we will assist you to apply for the tax incentive schemes under either Section 13O or 13U of the Singapore Income Tax Act. The benefits of obtaining these tax incentive schemes are that the returns from the designated investments are exempt from tax and employment passes will be issued to the fund managers.
- Assisting in creating a customized business strategy plan
- Filling and submitting the application form to the Monetary Authority of Singapore.
- Scheduling an interview with the Monetary Authority of Singapore
Global Investor Programme (GIP)
Benefits
Programmes
- Invest more than S$2.5 million to create new business entities or expand existing business operations.
- Invest more than S$2.5 million in the Global Business Investor Fund, which mainly focuses on investments in Singapore companies.
- Invest more than S$2.5 million in a new or existing family office established in Singapore. The office must manage assets of not less than S$200 million.
Global Investor Programme (GIP)
Preferred Applicants
1. Established Business Owners
2. Next Generation Business Owners
- Your immediate family should have at least 30% shareholding or is the largest shareholder in the company you use to qualify; and
- This company’s annual turnover must be at least S$500 million in the year immediately preceding your application, and at least S$500 million per annum on average for the three years immediately preceding your application; and
- You must be part of the management team of the company (e.g. C-suite/ Board of Directors); and
- The company must belong to at least one business sector in the preferred industry list.
3. Founders of Fast Growth Companies
- You must be a founder and one of the largest individual shareholders of a company with a valuation of at least S$500 million; and
- Your company must be invested in by reliable Venture Capital/ Private Equity firms; and
- The company must belong to at least one business sector in the preferred industry list
4. Family Office
- You must possess at least 5 years of entrepreneurial, management, or investment track record; and
- You must have net investible assets of at least S$200 million
(Note: Net Investible Assets include all financial assets, such as bank deposits, collective investment schemes, capital market products, premiums paid in respect of life insurance policies, and other investment products, excluding real estate.)
Requirements
- You must have at least three years of entrepreneurial and business experience; and
- The company you operate must have a turnover of not less than S$200 million in the most recent year, and an average annual turnover of not less than S$200 million in the last three years; and
- If your company is privately owned, you must hold at least 30% of the equity; and
- The company must belong to at least one business sector in the preferred industry list
