If you plan to relocate to Singapore and have the cash to invest, the GIP Scheme may be a viable option for obtaining your PR status. Your investment in Singapore’s economy is worthwhile since it will result in economic spillovers and job creation. Foreign investors have long been drawn to Singapore because of its business-friendly regulations, low taxes, modern infrastructure, safety, and clean environment.

You might use your investment capital to either start a new business or expand an existing one in Singapore. However, you must demonstrate to the authorities that you have what it takes to run a successful firm, both in terms of your expertise and how you intend to do so. The Singapore government frequently serves as a liaison between foreign investors and local business networks to establish acceptable partnerships.