GIP Factsheet EN, 2 October 2012

GIP factsheet 'Updated as of 2 October 2012' (10 pp.): Options A and B at S$2.5m (fund must invest in Singapore-based companies); turnover S$200m for real estate or construction companies, S$50m for other sectors (latest year and 3-year average); 30% shareholding if privately owned; Option A 3-year business plan with milestones within 3 years; family (spouse and children under 21; parents and children 21+ 5-year LTVP); first re-entry permit 5 years and renewal conditions (3-year or 5-year renewal: business with 5+ Singaporean employees and S$1m total business spending a year, and/or residence more than half the time); application fee S$5,650 (bank details), forms within 1 month of fee; AIP 6 months; audited statements at end of years 2, 3 and 4; formalise PR within 12 months of investment; 25 approved industries including family office. No statistics. Fee was already recorded; this pass adds the turnover, shareholding, plan, re-entry permit, renewal, formalisation and fee-to-application deadline rules. Rules restated from other sources are now recorded from this document too (decision 8).