Singapore is among the world’s most popular immigration and work destinations. It is a cosmopolitan city-state. In a recent survey, the country achieved a unique distinction of being the best city in the world to live in, for Asian expatriates. The nation is also among the world’s most successful commercial and business centers with a stable economy.
The country offers the best of lifestyle through excellent infrastructure, great food, entertainment and dependable transportation system. It is geographically well-located for residents from majority of the Asian countries. It is also a gateway to most of the ASEAN and Asia Pacific countries.
·Low Taxation Rates: Personal and corporate taxation rates in the country are among the lowest in the world, thus leaving money for you to spend on self, family and lifestyle. For companies, less tax means more disposable funds for growth.
·Friendly Investment Regime: The government is pro-active in attracting investment and offers excellent incentives for businessmen and companies that establish their regional base there.
·Organized Education Infrastructure :Singapore has one of the most organized educational systems in the world. Many world-class universities have local chapters or learning centers.
·Friendly Immigration Regime: Singapore has one of the most open and transparent immigration systems and is online in most cases. Those who know how to obey laws and follow the system will find the country a great place to live in and work.
·Friendly Climate : Friendly weather, no snowfalls or extreme heat conditions, no disasters, like earthquakes, typhoons and tornadoes! Temperature remains within 20-30 degrees Celsius for most of the year. With no shortage of power, air-conditioning is extremely effective and provides you comfort in humid weather conditions.
·30 percent of the company shares should be held by the applicant or the entrepreneur incorporating the business;
·The applicant has at least 3 years entrepreneurial background or a proven track record in business;
·Company turnover requirements: if it is in real estate or construction industry, an annual turnover of at least 200 million Singapore dollars is required; if it is in other industries, annual turnover of at least 50 million Singapore dollars is required;
·If more than one company can meet the turnover requirement, the company with the
highest turnover rate should be applied as the main company.
Step 1: Preliminary Data Gathering and Self Assessment;
Step 2: submission of Personal profile and proposed Investment plan;
Step 3: Interview with Contact Singapore officers;
Step 4: Approval in Principle;
Step 5: Make an investment within one month;
Step 6: Submit documentary evidence of investment;
Step 7: Receive notice to formalize permanent resident status in Singapore;
Step 8: Medical examination and receive resident card in Singapore.