Singapore Expats Forum

PR ship

Relocating, travelling or planning to make Singapore home? Discuss the criterias, passes or visa that is required.
adarshmalh
Newbie
Newbie
Posts: 9
Joined: Sun, 07 Jun 2015

PR ship

Postby adarshmalh » Sun, 12 Jul 2015 8:16 pm

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


Sent from my iPhone using Tapatalk

sgstrait
Regular
Regular
Posts: 121
Joined: Sat, 13 Jun 2015
Contact:

Re: PR ship

Postby sgstrait » Sun, 12 Jul 2015 8:29 pm

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
Newbie
Newbie
Posts: 9
Joined: Sun, 07 Jun 2015

Re: PR ship

Postby adarshmalh » Sun, 12 Jul 2015 8:35 pm

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


Sent from my iPhone using Tapatalk

sgstrait
Regular
Regular
Posts: 121
Joined: Sat, 13 Jun 2015
Contact:

Re: PR ship

Postby sgstrait » Sun, 12 Jul 2015 8:41 pm

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.

User avatar
Strong Eagle
Moderator
Moderator
Posts: 10834
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot
Contact:

Re: PR ship

Postby Strong Eagle » Mon, 13 Jul 2015 3:07 am

sgstrait wrote: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


  • Similar Topics
    Replies
    Views
    Last post

Return to “PR, Citizenship, Passes & Visas for Foreigners”

Who is online

Users browsing this forum: singaporeflyer and 3 guests

cron