This is an illustrative scenario: the people and details are for explanation only and are not a real client case. Every family’s outcome depends on its background and the policies in force at the time.
Background
Mr Hsieh (pseudonym), Taipei, general manager of a family business, wife and two children. He wanted Singapore as the family business’s Asian base.
Main concern
The family business’s records were complex, and he worried he wouldn’t qualify.
Our approach
He applied as a next-generation business owner; we documented the family business’s turnover and his management role, and he chose Option A, investing in a new Singapore company.
Process and outcome
He was approved in about 11 months and the family received Singapore permanent residence.
Adviser’s comment
Next-generation owners can apply on the strength of the family business — the key is proving their own management role.
Singapore GIP application process
- Profile assessment (2–4 weeks): We assess whether your business or assets meet a GIP profile.
- Prepare and submit (1–2 months): Prepare the business or investment plan and submit it to the EDB.
- Assessment (Several months): The EDB assesses the application and arranges an interview.
- Investment and permanent residence (After approval): Complete the investment within the required period and receive permanent residence.
Is this right for you?
Every family’s background and timeline is different. To find out whether a similar plan could work for you, book a free consultation with Global Immigrate.
Learn more: Singapore Global Investor Programme (GIP)