A second-generation business owner gains Singapore PR through the GIP

Background

Mr Hsieh, general manager of a family business in Taipei, applied with his 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

1. Profile assessment (2–4 weeks): We assess whether your business or assets meet a GIP profile.
2. Prepare and submit (1–2 months): Prepare the business or investment plan and submit it to the EDB.
3. Assessment (Several months): The EDB assesses the application and arranges an interview.
4. 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.

Based on a real client’s experience; names and some details have been changed for privacy.

Learn more: Singapore Global Investor Programme (GIP)