Powerful passport, excellent quality of life and attractive tax regime are key reasons Singapore is a preferred destination for the super rich investors. Attractive tax regime is another vital factor driving demand for Singapore residence among HNWIs
Singapore has seen steady development as a global financial centre and successfully positioned itself as a preferred destination for wealthy families to manage their assets and investments.
- Singapore passport is ranked No.1 in the world
- Singapore is the best country in Asia – and third in the world – to work in, and the best country in Asia in terms of quality of life.
- Singapore’s stellar performance on a global level is a result of its strong economy, high level of human development and peacefulness.
- The Demand for Singapore citizenship is flourishing, with the Government capping the total number of citizenships granted each year at 25,000.
- Singapore’s strategic location is one of the key factors that makes it an ideal destination for conducting business.
- Singapore has visa free access to 189 countries in the world including United States, Canada, China, Europe, United Kingdom etc.
High-Net Worth Individuals
The growth of HNW individuals and ultra-HNW individuals in Asia has far outpaced those in other regions.
There has been keen interest and a steady demand for Singapore citizenship among the large pool of high-net-worth (HNW) Singaporean residents from other countries. This is particularly the case with the rich from Indonesia, India and China, who are seeking alternative citizenship and residence in more tax-efficient jurisdictions.
Singapore introduced schemes such as the Global Investor Programme (GIP), opening itself up to foreign investment.
Singapore does not allow dual citizenship, those who become citizens of Singapore must give up previous citizenship.
Global Investor Program
The Global Investor Program (GIP) is a Permanent Residency scheme specially designed for wealthy investors who wish to relocate to Singapore.
Under GIP, foreign nationals can acquire a Permanent Residency (PR) status by investing a minimum of S$2.5 million in Singapore-registered companies or GIP funds that in-turn invest in Singapore companies.
