GIP Factsheet (English), 16 August 2021

EDB GIP factsheet dated 16 August 2021 (16 pp.): four applicant profiles with qualifying criteria (Established Business Owners: 3 years, turnover S$200m, 30% if private; Next Generation Business Owners: family company turnover S$500m; Founders of Fast Growth Companies: company valuation S$500m with VC/PE backing; Family Office Principals: 5 years and S$200m net investible assets, Option C only); Options A, B and C at S$2.5m (C: single family office with AUM S$200m, S$50m held in Singapore); assessment criteria (5-year plans, 30% shareholding in Option A company); 7 processing steps (AIP 6 months; formalise within 12 months of Final Approval); processing time about 9-12 months; post-AIP documents; 5-year re-entry permit and renewal conditions (10 employees incl. 5 citizens, S$2m annual total business expenditure, 3 professionals for Option C; residence more than half the time); application fee S$10,000 and bank details; documents within 1 month; Annex A supporting documents; Annex B industry list. No programme statistics. Option C and fee were already recorded; this pass adds the profile thresholds, Option A shareholding, renewal, formalisation rules and the processing time. Rules restated from other sources are now recorded from this document too (decision 8).