PR ship

[adarshmalh]

I had heard that Sg provides PR ship or citizen ship by investment. Can anyone guide me on this issue. I'm indian


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[sgstrait]

There is an entrepreneurial scheme for PR, but not citizenship. The business requirements for entrepass are significant. We are talking million dollar investments, local staff hire, and seed financing from local investment incubators. You couldn't for example set up a shop and get pr. Pr is like gold dust these days

[adarshmalh]

How much investment is required? What kind of Business? I'm into hospitality business in India.


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[sgstrait]

Here you go: http://www.mom.gov.sg/passes-and-permit ... ligibility

You need S$50,000 paid-up capital AND ONE of these:

- Your company receives funding or investment from a venture capitalist (VC) or business angel who is accredited by a Singapore Government agency.
- Your company holds an intellectual property (IP) that is registered with an approved national IP institution.
- Your company has an ongoing research collaboration with a research institution recognised by the Agency for Science, Technology and Research (A*STAR) or institutes of higher learning in Singapore.
- Your company is an incubatee at a Singapore Government-supported incubator.

They specifically say the following are examples of non-permitted buisnesses:
Coffee shops, hawker centres, food courts.
Bars, night clubs, karaoke lounges.
Foot reflexology, massage parlours.
Acupuncture, traditional Chinese medicine, herbal dispensing businesses.
Employment agencies.
Geomancy business.

As you can see, they are looking for hi-tech type companies, or ones that are innovative in nature. Hospitality probably wont be acceptable. No guarantee of PR from this, unless after a few years, you show successful business with local employment.

If it was any easier then every Tom, Dick and Harry would be setting up small shops here.

[Strong Eagle]

Here you go: http://www.mom.gov.sg/passes-and-permit ... ligibility

You need S$50,000 paid-up capital AND ONE of these:

- Your company receives funding or investment from a venture capitalist (VC) or business angel who is accredited by a Singapore Government agency.
- Your company holds an intellectual property (IP) that is registered with an approved national IP institution.
- Your company has an ongoing research collaboration with a research institution recognised by the Agency for Science, Technology and Research (A*STAR) or institutes of higher learning in Singapore.
- Your company is an incubatee at a Singapore Government-supported incubator.

They specifically say the following are examples of non-permitted buisnesses:
Coffee shops, hawker centres, food courts.
Bars, night clubs, karaoke lounges.
Foot reflexology, massage parlours.
Acupuncture, traditional Chinese medicine, herbal dispensing businesses.
Employment agencies.
Geomancy business.

As you can see, they are looking for hi-tech type companies, or ones that are innovative in nature. Hospitality probably wont be acceptable. No guarantee of PR from this, unless after a few years, you show successful business with local employment.

If it was any easier then every Tom, Dick and Harry would be setting up small shops here.

You are mixing apples and oranges here. The above is for an Entrepass which results in the applicant receiving an Employment Pass, not PR.

The OP could apply under the Global Investor Program. Along with meeting other criteria, if the OP invests at least SGD 2.5 million in specified GIP companies or investments, then he/she can obtain immediate PR for self and family. The other requirements are quite stringent as well... for example, you must have been running a company with SGD 50 million or more in turnover.

http://www.contactsingapore.sg/Library/ ... t%20EN.pdf